Steel Strips Wheels Ltd announces capacity expansion

The Board of Directors of the Company in its meeting held today i.e. Friday, 26.72.2025, considered and approved the capacity expansion plans.

The board approved execution of Lease Agreement between the Company and AMW Autocomponent Limited (AACL), a wholly owned subsidiary of the Company for an initial period of 11 months commencing from 26.72.2025, extendable from time to time as may be required, fortaking entire land, together with buildings, sheds, structures, rights, fixtures, utilities, facilities, etc. thereon on "as is where is basis" situated at Administrative Building, Bhuj-Bhachau Road, Near Village Kannaiyabe, Kachchh, Bhuj, Gujarat, India, 370020 measuring around 288793.19 sq. mt., on leasehold basis from AACL. This lease has been undertaken to meet the increasing operational requirements to expand manufacturing capacity by setting up new manufacturing units for Alloy Wheels and Aluminum Steering Knuckle.

The board approved expansion of capacity through setting up a new manufacturing unit in the state of Gujarat at the aforementioned lease land for Alloy Wheels, subject to the receipt of necessary statutory and regulatory approvals and clearances, as may be required.

The board also approved expansion of capacity through setting up a new manufacturing unit in the state of Gujarat at the aforementioned lease land for Aluminum Steering Knuckle, subject to the receipt of necessary statutory and regulatory approvals and clearances, as may be required.

Source : Equity Bulls

Keywords

SteelStripsWheels SSWL CapacityExpansion