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SSWL trades jubilantly on bagging export order worth $55 million

05 Aug 2016 Evaluate

Steel Strips Wheels (SSWL) is currently trading at Rs. 514.75, up by 22.00 points or 4.46% from its previous closing of Rs. 492.75 on the BSE.

The scrip opened at Rs. 492.75 and has touched a high and low of Rs. 520.00 and Rs. 492.75 respectively. So far 6747 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 551.30 on 27-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. 518.75 and Rs. 490.50 respectively. The current market cap of the company is Rs. 773.31 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 has bagged its maiden export order from Elio Motors, USA. This order is one of the company’s biggest Export order in its history. Supplies would be for Elio’s plant in Shreveport, Louisiana and would be executed from SSWL’s Chennai Plant.

This order that will include development of 2 Ground wheels also marks SSWL’s entry into a new geography. Total project volume would be around 3 million wheels spread over 5 years generating cumulative revenue of about $55 million.

SSWL aims to increase its presence in North America by launching its Commercial Vehicle Steel wheels and Passenger Car Alloy wheels from its upcoming green field plants in India in coming months.

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

212.10 -3.90 (-1.81%)
23-Apr-2026 16:59 View Price Chart
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