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Steel Strips Wheels advances on securing export order from Mobius Motors

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

20 Jul 2016 Evaluate

Steel Strips Wheels is currently trading at Rs. 480.00, up by 12.10 points or 2.59% from its previous closing of Rs. 467.90 on the BSE.

The scrip opened at Rs. 473.50 and has touched a high and low of Rs. 488.00 and Rs. 469.00 respectively. So far 9,868 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 495.00 on 04-Jul-2016 and a 52 week low of Rs. 284.00 on 17-Feb-2016.

Last one week high and low of the scrip stood at Rs. 495.00 and Rs. 467.00 respectively. The current market cap of the company is Rs. 742.50 crore.

The promoters holding in the company stood at 59.01%, while Institutions and Non-Institutions held 0.55% and 40.43% respectively.

Steel Strips Wheels (SSWL) has bagged its maiden export order from Mobius Motors, Kenya. Supplies would be executed from SSWL’s Dappar plant in Punjab. This order will include development of a 16' Ground wheel and marks SSWL’s entry into East Africa. Total project volume would be around 150,000 wheels spread over 5 years generating cumulative revenue of about $2.4 million.

SSWL, who is already supplying wheels to Morocco and Egypt, aims to further increase its presence in the African continent. Recent order from Kenya supports this strategy.

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.

Steel Strips Wheels Share Price

217.25 0.10 (0.05%)

21-Apr-2026 16:59 View Price Chart

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Steel Strips Wheels advances on securing export order from Mobius Motors

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