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SSWL surges on plan to increase production capacity

10 Sep 2014 Evaluate

Steel Strips Wheels (SSWL) is currently trading at Rs. 299.00, up by 2.65 points or 0.89% from its previous closing of Rs. 296.35 on the BSE.

The scrip opened at Rs. 293.00 and has touched a high and low of Rs. 302.10 and Rs. 291.50 respectively. So far 2109 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. 112.00 on 17-Feb-2014.

Last one week high and low of the scrip stood at Rs. 304.00 and Rs. 286.00 respectively. The current market cap of the company is Rs. 457.31 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) is increasing its production capacity by 1.5 million wheels annually to cater to increasing demand from OEMs. The total investment involved will be around Rs 50 million and the new capacity will start yielding production by April 2015.

The combined capacity post this expansion will go to 18.1 million wheels across three plants of the company. This expansion is coming at the mother plant in Dappar which is running at peak capacity of 85%. The increased presence in passenger car segment and future business allocations to SSWL is demanding this expansion to address the order book for next financial year.

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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