Steel Strips Wheels has informed that the company has got approval to restart its Plant in Chennai, Dappar and Mehsana for production resumption. The plants will restart with 50% utilization and will cater to Exports and Domestic market demand. Chennai Plant is booked with order load of 50% capacity utilization with US and EU exports and we expect this to ramp up slowly with global Markets opening up for Automobile Production. The company expect this rate of capacity utilization to improve going forward backed by Export orders and Mehsana Alloy wheel segment order book.
The above information is a part of company’s filings submitted to BSE.
