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SSWL gains on receiving an export order worth $5 million

Steel Strips Wheels Ltd. | Auto Ancillary | Automobiles | BSE: 513262 | NSE: SSWL

29 Nov 2013 Evaluate

SSWL is currently trading at Rs. 149.80, up by 8.50 points or 6.02% from its previous closing of Rs. 141.30 on the BSE.

The scrip opened at Rs. 142.50 and has touched a high and low of Rs. 152.80 and Rs. 141.05 respectively. So far 24,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 214.40 on 07-Jan-2013 and a 52 week low of Rs. 111.50 on 30-Aug-2013.

Last one week high and low of the scrip stood at Rs. 143.00 and Rs. 130.00 respectively. The current market cap of the company is Rs. 228.00 crore.

The promoters holding in the company stood at 56.03% while Institutions and Non-Institutions held 1.61% and 42.36% respectively.

Steel Strips Wheels (SSWL) has received an export order from SSangYong Motors Company (SYMC), Korea for supplying car wheel rims to Korea. The order size will be approximately $5 million and will be served for a minimum of 5 years. SSWL will initially serve 20% (SoB) of the total demand and will gradually be ramped up along with the performance of the company. This order opens up another region for developing export market for SSWL. The company is very confident that its entry will increase footprint in Korean wheel rim market.

SSWL becomes the first Indian Company to Supply components to SSangYong Motors Company in Korea and will be looking forward to extend this relationship for building a long term partnership with SSangYong Motors.

SSWL is a part of the Steel Strips Group, headquartered in Chandigarh. It is engaged in the manufacturing of single piece steel wheel rims in the range of 10 to 30 inches 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.

Steel Strips Wheels Share Price

217.15 -3.60 (-1.63%)

20-Apr-2026 16:59 View Price Chart

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SSWL gains on receiving an export order worth $5 million

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