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SSWL rises on bagging export order for tractor wheels from Siam Kubota Corp

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

28 Dec 2015 Evaluate

Steel Strips Wheels is currently trading at Rs 440.00, up by 5.60 points or 1.29% from its previous closing of Rs. 434.40 on the BSE.

The scrip opened at Rs. 437.00 and has touched a high and low of Rs. 453.50 and Rs. 437.00 respectively. So far 27218 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 453.50 on 24-Dec-2015 and a 52 week low of Rs. 254.50 on 27-Mar-2015.

Last one week high and low of the scrip stood at Rs. 453.50 and Rs. 375.30 respectively. The current market cap of the company is Rs. 671.40 crore.

The promoters holding in the company stood at 58.38% while Institutions and Non-Institutions held 0.66% and 40.96% respectively.

Steel Strips Wheels (SSWL) has bagged a prestigious export order from Siam Kubota Corp (SKC) for their new project. The order is for supplying tractor wheel for their Thailand production facility. It will be an existing wheel supplied from the company’s Dappar plant which will be carried over for a new Tractor model of Kubota. Mass supplies are expected from Mar 2016.

The total expected volume from this program over a period of 5 years is 220,000 tractor wheels. The total order value of the program will be $13.5 million. The company has been in strong business relationship with SKC since last 7 years and with this order will further enhance the relationship by this carry forward business.

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 rises on bagging export order for tractor wheels from Siam Kubota Corp

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