Steel Strips Wheels has informed that the Company has prepaid the term debt of Rs 35.54 Crores as on date and after this pre-payment along with normal repayments for the period, the Company's Long-term debt is reduced to Rs 469.74cr Crores. The Company is working to further pre-pay the long-term loans within the current month, so as to be on course to achieve the targeted financial leverage of sub 2 times on total debt (Long Term/Short Term) basis.
The above information is a part of company’s filings submitted to BSE.
