Steel Strips Wheels bags 17,000 truck wheel order from USA
SSWL is into design, manufacturing and marketing of Steel Wheel Rims for Passenger cars, Utility vehicles, 2/ 3 wheelers, Tractors, Light/ Heavy commercial vehicles and OTRs. It has a capacity of nearly 1.7cr wheels per annum.
SSWL is in discussions with other large truck & trailer makers in USA and expects to get more orders in this segment in near future. SSWL expects to increase its presence in high potential Truck & Trailer wheels market in US & EU in the coming months.
Steel Strips Wheels Ltd is currently trading at Rs1,288.50 down by Rs9.65 or 0.74% from its previous closing of Rs1,298.15 on the BSE.
The scrip opened at Rs1,310 and has touched a high and low of Rs1,310 and Rs1,275.95 respectively. So far 5,697 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs2,019.44cr.