Steel Strips Wheels Ltd (SSWL) has received confirmed export orders of close to 4,00,000 wheels for US & EU caravan trailer market, US Mobile Home and US Truck trailer market. SSWL will complete their execution by early July 2021 from its Chennai & Dappar plants. Orders of similar capacity are anticipated in coming months from similar customer base as businesses continue to recover rapidly.
The order is worth approx. US$ 5.7 million (Rs. 42 crores).
Shares of STEEL STRIPS WHEELS LTD. was last trading in BSE at Rs.730 as compared to the previous close of Rs. 721.7. The total number of shares traded during the day was 2468 in over 320 trades.
The stock hit an intraday high of Rs. 752.45 and intraday low of 730. The net turnover during the day was Rs. 1828095.