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Ind-Ra affirms ‘A-’ rating to Steel Strips Wheels’ Long-Term Issuer

20 Feb 2014 Evaluate

India Ratings & Research (Ind-Ra) has affirmed ‘A-’ rating to Steel Strips Wheels’ Long-Term Issuer. The company has received the ratings on the back of its diversified customer base with major original equipment manufacturers (OEMs) across India's auto industry. SSWL’s capacity expansion at its plants in Jamshedpur, Punjab and Chennai has helped it to strengthen its presence among OEMs in southern and eastern India and target the export markets.

The company’s annual capacity increased to 16 million rims at end-FY12 and further to 16.6 million rims in 1HFY14 from 12.5 million in FY11.

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

220.75 7.90 (3.71%)
17-Apr-2026 16:59 View Price Chart
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