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SSWL gains on bagging export order worth $1 million for Russian Aftermarket

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

28 Aug 2014 Evaluate

Steel Strips Wheels (SSWL) is currently trading at Rs. 277.30, up by 8.90 points or 3.32 % from its previous closing of Rs. 268.40 on the BSE.

The scrip opened at Rs. 268.30 and has touched a high and low of Rs. 283.90 and Rs. 268.15 respectively. So far 22598 shares were traded on the counter.

The BSE group 'B ' stock of face value Rs. 10 has touched a 52 week high of Rs. 324.40 on 07-Aug-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. 288.00 and Rs. 264.10 respectively. The current market cap of the company is Rs. 423.09 crore.

The promoters holding in the company stood at 57.15 % while Institutions and Non-Institutions held 0.63 % and 42.22 % respectively.

Steel Strips Wheels (SSWL) has bagged an export order for 110K passenger car wheels for the Russian aftermarket. The order value is close to $1 million and would be executed starting November 2014. SSWL has already successfully executed an order of 38K wheels earlier this year for the Russian Aftermarket and the new order only justifies SSWL's capability to successfully meet and exceed the customer expectations. The company is expecting this new order to be a precursor of more volume orders in coming months and estimate to supply minimum 150K wheels annually to the Russian Aftermarket.

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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SSWL gains on bagging export order worth $1 million for Russian Aftermarket

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