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.
