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SSWL rises on bagging passenger car program from Hyundai India worth Rs 110 crore

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

27 May 2015 Evaluate

Steel Strips Wheels (SSWL) is currently trading at Rs. 301.50, up by 2.30 points or 0.77% from its previous closing of Rs. 299.20 on the BSE.

The scrip opened at Rs. 299.00 and has touched a high and low of Rs. 320.00 and Rs. 299.00 respectively. So far 252 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 395.95 on 19-Jan-2015 and a 52 week low of Rs. 161.60 on 30-May-2014.

Last one week high and low of the scrip stood at Rs. 320.00 and Rs. 295.60 respectively. The current market cap of the company is Rs. 456.25 crore.

The promoters holding in the company stood at 58.02% while Institutions and Non-Institutions held 0.99% and 41.00% respectively.

SSWL has bagged a passenger car program from Hyundai India. The program will be for Indian as well as export cars for a period of 5years. SSWL is selected as a SINGLE Source for the program.

The volumes for the program will be close to 20 lakh wheels over the life of the program and the order value of the program is about Rs 110 crore. The supplies of the program will start from FY 16-17. The program delivery will make the company the leading supplier for Hyundai India.

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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SamvardhanaMotherson	125.00
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SSWL rises on bagging passenger car program from Hyundai India worth Rs 110 crore

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