Expect double-digit growth across segments; railways a big opportunity: SKF India

Automotive and industrial engineered solutions company, SKF India is bullish in the near-term and for the upcoming fiscal.

"We are looking at a capital expenditure of over Rs 150 crore," said Manish Bhatnagar, MD of SKF India in an interview to CNBC-TV18.

The company will look at benefiting from the upcoming dedicated freights corridor. "Railways is 8-9 percent of our revenue and it can increase by 4-5 percent once dedicated freight corridor (DFC) comes on board," he said.

Speaking about revenues, Bhatnagar said, “It's 50-50 for automotive and industrial. Automotive has been on the uptick in last 3-4 months; industrial has been lagging behind automotive. We expect the calendar year 2021 to reverse the trend a bit, so industrial will start picking up, automotive will start lagging a bit and that helps us in maintaining some steady revenue flows.”

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