Steel Strips Wheels (SSWL) has further prepaid its term debt of Rs 26.25 crore in the January 2023 as on date and after this prepayment along with normal repayments for the period, the company's Long Term debt is reduced to Rs 226.68 crore as on date from Rs 374.39 crore as on March 31, 2022.
The company is working to further pre-pay its long term loans in current Quarter, so as to remain on course on its target of achieving a financial leverage of sub 1.5 times of total debt.
SSWL is engaged in the manufacturing of single piece steel wheel rims for scooters, passenger cars, utility vehicles and tractors. It supplies rims to almost all major manufacturers of two wheelers, three wheelers, four wheelers, tractors and heavy commercial vehicle.
