Steel Strips Wheels has informed that the Company has bagged a new Exports order from OPEL Spain (Group PSA Company) for Steel wheels. Order comprises of more than 650,000 Wheels to be shipped in period of 6 years starting October 2019. Total order value is over Euro 6 Mln. This order will help SSWL to further strengthen its position as a preferred supplier in the PSA Group. SSWL has been in strong business relationship with PSA since last 9 years and this new nomination only reflects their level of trust in SSWLs capabilities. This business will also support SSWL to grow its presence in the challenging EU Steel wheels market.
The above information is a part of company’s filings submitted to BSE.
