Steel Strips gets €28 million euros order from Renault

Steel Strips Wheels Ltd said on Thursday it got an order worth €28 million (Rs1.9 billion) for supplying steel wheel rims to Europe's Renault for its green-field project in Morocco.

Steel Strips would start supply of the components from the last quarter of 2011 from its Chennai plant and expects to supply more than 3 million wheel rims in five years