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SSWL gains on bagging Rs 46 crore order from Volkswagen

01 Jan 2019 Evaluate

Steel Strips Wheels is currently trading at Rs. 939.25, up by 6.70 points or 0.72% from its previous closing of Rs. 932.55 on the BSE.

The scrip opened at Rs. 944.95 and has touched a high and low of Rs. 944.95 and Rs. 936.40 respectively. So far 32 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1473.70 on 24-Apr-2018 and a 52 week low of Rs. 930.00 on 11-Dec-2018.

Last one week high and low of the scrip stood at Rs. 951.95 and Rs. 931.00 respectively. The current market cap of the company is Rs. 1464.26 crore.

The promoters holding in the company stood at 57.64%, while Institutions and Non-Institutions held 1.94% and 40.42% respectively.

Steel Strips Wheels (SSWL) has secured prestigious export order of Rs 46 crore from Volkswagen (VW) Mexico for supplies to their Pacheco, Argentina plant. This order will include a new development of 18” Spare Steel wheel. Supplies would be from SSWL's Chennai plant for approximately 350,000 steel wheels expectedly starting in Y2020 for a period of 6 years amounting over $6.5 million revenues.

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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Bosch 37505.60
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CIE Automotive India 490.15
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