SSWL further prepays long term debt of Rs25.86 crore; Stock ends 3.5% higher

31 Mar 2022 , 03:31 PM

Steel Strips Wheels Limited (SSWL) has further prepaid the long term debt of Rs25.86 crore thereby making the total prepayment of Rs122.89 crore till date and after this pre-payment along with normal repayments for the period, the company’s Long term debt is reduced to Rs374.85 crore, said  company.

Further, “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”, the company added in a regulatory filing on Thursday.

On Thursday, SSWL ended at Rs820 per share higher by 3.43% on Sensex.