Steel Strips Wheels repays long term debt of Rs 2573 cr

15 Mar 2022 , 01:33 AM

Steel Strips Wheels announced that the company has further repaid long term debt of Rs 2573 crore thereby making the total prepayment of Rs 6127 crore till date and after this pre-payment along with normal repayments for the period the companys Long term debt is reduced to Rs44172 crore The company is working to further pre-pay the long term loans within the current month so as to be on course to achieve the targeted financial leverage of sub 2 times on total debt Long TermShort Term basis