Steel Strips Wheels gets another Big Truck wheels order from USA

Nidhi Jani
/ Categories: Trending, Markets

Steel Strips Wheels Limited (SSWL) informed the bourses that it has bagged another Exports order from US-Truck & Trailer Aftermarket for its Truck Steel wheels plant in Chennai.

This order comprises of approximately 9500 truck wheels amounting to USD 425,000.

The company is in discussions with other large truck & trailer makers in USA and expects to close some more contracts in this segment in near future.

Also, it expects to increase its presence in high potential Truck & Trailer wheels market in US & Eu in the coming months.

SSWL is involved in design and manufacture of automotive wheels.  The company is a leading supplier to domestic and international automobile manufacturer.  The company enjoys the position of market leader in steel wheel segment.  It enjoys a health market share in various segment such as OTR (Back Hoe Loader) 70 per cent, Commercial Vehicle (MHCV) 52 per cent, Passenger Car 50 per cent and Tractor 44 per cent.

On Monday, the stock opened at Rs. 1,370 and made an intraday high of Rs. 1,410 on the BSE. At 13:02, the stock was trading around Rs. 1339.05 on the BSE.

Previous Article Ten stocks close to their 52-week low
Next Article Dilip Buildcon soars after receiving LoA from NHAI
Rate this article:
5.0

DALAL STREET INVESTMENT JOURNAL - DEMOCRATIZING WEALTH CREATION

Principal Officer: Mr. Shashikant Singh,
Email: principalofficer@dsij.in
Tel: (+91)-20-66663800

Compliance Officer: Mr. Rajesh Padode
Email: complianceofficer@dsij.in
Tel: (+91)-20-66663800

Grievance Officer: Mr. Rajesh Padode
Email: service@dsij.in
Tel: (+91)-20-66663800

Corresponding SEBI regional/local office address- SEBI Bhavan BKC, Plot No.C4-A, 'G' Block, Bandra-Kurla Complex, Bandra (East), Mumbai - 400051, Maharashtra.
Tel: +91-22-26449000 / 40459000 | Fax : +91-22-26449019-22 / 40459019-22 | E-mail : sebi@sebi.gov.in | Toll Free Investor Helpline: 1800 22 7575 | SEBI SCORES | SMARTODR