Steel Strips Wheels Limited further prepays long term debt of Rs. 25.86 crore

Steel Strips Wheels Limited has further prepaid the long term debt of Rs. 25.86 Crore thereby making the total prepayment of Rs. 122.89 Crore till date and after this pre-payment along with normal repayments for the period, the company s Long term debt is reduced to Rs. 374.85 Crore.

With above pre-payments, we have over achieved our targeted financial leverage of sub 2 times on total debt (Long Term/Short Term). For FY 2023, we endeavor to achieve a financial leveraqe of sub 1.5 times on total debt.

Shares of Steel Strips Wheels Limited was last trading in BSE at Rs. 792.80 as compared to the previous close of Rs. 769.95. The total number of shares traded during the day was 4736 in over 635 trades.

The stock hit an intraday high of Rs. 806.35 and intraday low of 779.90. The net turnover during the day was Rs. 3754384.00.

Source : Equity Bulls

Keywords

SteelStripsWheels INE802C01017 SSWL DebtPrepayment