Steel Strips Wheels (SSWL) rose 2.39% to Rs 710 after the company said it received new orders worth over Rs 25 crore from US and Europe.
In a regulatory filing made during market hours today, the company said that it had received export orders of over 170,000 wheels for US & EU caravan trailer market, US mobile home and US truck trailer market.
SSWL will complete their execution by early July 21 from its Chennai and Dappar plants. Orders of similar capacity are anticipated in coming months from similar customer base as businesses continue to recover rapidly, the company said in a statement.
SSWL is engaged in the manufacturing of steel wheel rims catering to different segments of automobile industry. The firm operates in automotive wheels segment. Its geographical segments include India and overseas.
Steel Strips Wheels (SSWL) gained 1.3% to Rs 655 after the company confirmed export orders of over 93,000 wheels for EU caravan trailer market.The order are to be executed in the period of April 21 to June 21 from the company s Chennai plant. Orders of similar capacity are anticipated from similar customer base as businesses continue to recover rapidly, the company said.
In last one month, shares of Steel Strips Wheels rallied 10.1% compared with 2% decline in Nifty Auto index.
SSWL is engaged in the manufacturing of steel wheel rims catering to different segments of automobile industry. The firm operates in automotive wheels segment. Its geographical segments include India and overseas.
Read more about SSWL gains on bagging new export orders from Europe on Business Standard. Steel Strips Wheels (SSWL) rose 2.6% to Rs 657.55 after the company said that it had received new export orders worth over 53,000 euros from Europe.
Read more about SSWL on a roll after robust Q3 earnings on Business Standard. Steel Strips Wheels (SSWL) rose 2.92% to Rs 666.95 after the company s net profit soared 4.57 times to Rs 28.75 crore in Q3 FY21 from Rs 6.29 crore in Q3 FY20.