SKF has signed a strategic agreement with ReGen Powertech, a leading Indian wind turbine manufacturer. Under the terms of the agreement, SKF will supply pitch and yaw bearing sets and mainshaft bearings for the company's 1.5MW wind turbines.

Shishir Joshipura, managing director and Country Head, SKF India, said, ''This agreement positions us as a strategic partner with a key manufacturer of wind turbines in India. These bearings will be manufactured at SKF’s state of the art manufacturing facility at Ahmedabad. This is a reflection of SKF's response and commitment to the government's 'Make in India' program.''

''ReGen has been buying Main Shaft Bearings from SKF since its inception. The partnership with SKF has helped ReGen to grow in the Indian Market. The new agreement signed for supply of pitch and yaw bearings is another step towards strengthening this partnership between the two companies. SKF has always been the preferred partner for ReGen and this relationship will continue to grow,'' says Madhusudan Khemka, managing director, ReGen Powertech.

Shares of the company declined Rs 20.65, or 1.46%, to trade at Rs 1,389.85. The total volume of shares traded was 3,813 at the BSE (2.32 p.m., Tuesday).