Steel Strips Wheels Ltd (SSWL) has bagged another Exports order from Egypt for its Truck wheels plant in Chennai. Total order size is 50,000 wheels to be dispatched from its new Truck wheels plant in Chennai from January, 2019 onwards. This export order will generate an additional revenue of USD 4.80 Mn for the company.
This order strengthens SSWL's presence in high potential Truck & Trailer segment.
SSWL has already closed some orders in EU & USA and expects to get more orders in this segment in near future from same markets.
Shares of STEEL STRIPS WHEELS LTD. was last trading in BSE at Rs.1008 as compared to the previous close of Rs. 1018.05. The total number of shares traded during the day was 7316 in over 158 trades.
The stock hit an intraday high of Rs. 1037 and intraday low of 1004.05. The net turnover during the day was Rs. 7496135.