MoneyWorks4Me

Steel Strips Wheels bags order worth Rs 225 crore from Renault-Nissan

13 Feb 2012 Evaluate

Steel Strips Wheels (SSWL) has bagged order from Renault-Nissan for export to Renault-Nissan Morocco plant. The total value of business is close to Rs 225 crore spanning over 5 years. Supplies would begin in third quarter of 2013. SSWL is confident of getting more business in coming months from Renault-Nissan and other European customers.

The company 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.

Peers
Company Name CMP
SamvardhanaMotherson 165.60
Tube Investments 2519.15
Bosch 48100.00
UNO Minda 1218.00
Bombay Burmah Trdg. 1435.30
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