Steel Strips Wheels has informed that the Company, SSWL has signed an agreement with Tata Steel Long Product (TSPL) for rolling of round bars of various grades for a period of 3 years. The supplies from SSWL Saraikela Plant will start from October 2021. This deal has a supply potential of 50000 MTs of rolled round bars per annum. These products will target automotive customers in India. The above reinforces the strong confidence of Tata Steel in SSWL to develop long term strategic partnerships. Tata Steel has had a strategic equity stake in SSWL since 2008.
The above information is a part of company’s filings submitted to BSE.
