Steel Strips Wheels Ltd (SSWL) has bagged Exports order for Truck & Trailer Aftermarket from USA. Order comprises of supplies of close to 70,000 Truck Steel Wheels to be executed in a span of 12 months. Dispatches have already started from Chennai from this month. Total revenue generated by this order would be close to USD 3.5 Million.
This big repeat order marks SSWL's strengthening its position as one of leading suppliers in the high potential NA Truck steel wheels market. SSWL is in discussions with other large truck & trailer makers in USA and expects to close similar big contracts in this segment in near future.
Shares of STEEL STRIPS WHEELS LTD. was last trading in BSE at Rs.782 as compared to the previous close of Rs. 782.45. The total number of shares traded during the day was 1220 in over 157 trades.
The stock hit an intraday high of Rs. 787.9 and intraday low of 763. The net turnover during the day was Rs. 947290.