Steel Strips Wheels Ltd has further prepaid term debt of Rs. 26.25 crores

Steel Strips Wheels Ltd has further prepaid its term debt of Rs. 26.25 crores in the current Month as on date and after this pre-payment along with normal repayments for the period, the Company's Long Term debt is reduced to Rs.226.68 Crores as on date from Rs.374.39 Crores as on 31st March 2022.

The Company is working to further pre-pay its long term loans in current Quarter, so as to remain on course on its target of achieving a financial leverage of sub 1.5 times of total debt.

Source : Equity Bulls

Keywords

SSWL SteelStripsWheels DebtPrepayment