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Steel Strips Wheels informs about prepayment of debt

23 Mar 2022 Evaluate

In continuation to its letter dated 09.03.2022, Steel Strips Wheels has informed that the company has further prepaid the long-term debt of Rs 35.76 Crore thereby making the total prepayment of Rs 97.03 Crore till date and after this pre-payment along with normal repayments for the period, the company's Long term debt is reduced to Rs 405.96 Crore. 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.

Steel Strips Wheels Share Price

217.15 -3.60 (-1.63%)
20-Apr-2026 16:59 View Price Chart
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