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Steel Strips Wheels shines on bagging export order from Russia

Steel Strips Wheels Ltd. | Auto Ancillary | Automobiles | BSE: 513262 | NSE: SSWL

23 May 2014 Evaluate

Steel Strips Wheels is currently trading at Rs. 187.10, up by 8.60 points or 4.82% from its previous closing of Rs. 178.50 on the BSE.

The scrip opened at Rs. 177.50 and has touched a high and low of Rs. 196.00 and Rs. 177.50 respectively. So far 23440 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 196.00 on 23-May-2014 and a 52 week low of Rs. 111.50 on 30-Aug-2013.

Last one week high and low of the scrip stood at Rs. 196.00 and Rs. 150.10 respectively. The current market cap of the company is Rs. 279.91 crore.

The promoters holding in the company stood at 56.61% while Institutions and Non-Institutions held 0.63% and 42.77% respectively.

Steel Strips Wheels (SSWL) has bagged its maiden export order from the Russian territory. The order will cater to the Russian after-market demand and this order will open up opportunity for the company to increase foothold in export markets. The order is for supply of 30,000 wheels and will cater to passenger car segment.

The company is already an exclusive OEM supplier to Renault Russia for the Duster model and is now spreading it portfolio to capture opportunity in the after-market segment. The company is constantly looking to address global after market demand given the size of the market. With this entry into Russian market, the company is eyeing to explore the possibility of supplying the entire range of SSWL export product portfolio which would cater across segment vehicles.

SSWL is a part of the Steel Strips Group, headquartered in Chandigarh. It is engaged in the manufacturing of single piece steel wheel rims in the range of 10 to 30 inches for scooters, passenger cars, utility vehicles and tractors. It supplies rims to almost all major manufacturers of two wheelers, three wheelers, four wheelers, tractors and heavy commercial vehicle.

Steel Strips Wheels Share Price

220.75 7.90 (3.71%)

17-Apr-2026 16:59 View Price Chart

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Steel Strips Wheels shines on bagging export order from Russia

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