Steel Strips Wheels bags Rs17cr export order to be executed over 12-months

With this additional business, the Chennai plant will be running at 100% utilization and efforts are underway to debottleneck to raise utilization by another 25%, the company said.

Aug 14, 2019 06:08 IST India Infoline News Service

Steel Strips Wheels
Steel Strips Wheels Ltd (SSWL) said in a press note that it has received another exports order for the market in the Western Hemisphere.

The orders would be executed over 12-months with supplies already being started this month from Chennai plant.

With this additional business, the Chennai plant will be running at 100% utilization and efforts are underway to debottleneck to raise utilization by another 25%, the company said.

Steel Strips Wheels Ltd is currently trading at Rs786, up by Rs2 or 0.26% from its previous closing of Rs784 on the BSE.

The scrip opened at Rs778.25 and has touched a high and low of Rs789.70 and Rs778.25 respectively.

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