Steel Strips Wheels Ltd (SSWL) has bagged firm exports orders for over 8,000 wheels for EU & US Truck Trailer Market to be executed in June & July from its Chennai Truck Wheels plant. This marks beginning of orders for new semester for this year indicating re-start of operations in EU & US post COVID lockdown. Additional orders for larger quantities are expected in coming weeks from several other regular customers.
This order will support gradual production ramp-up of SSWL Chennai Truck wheels plant post Covid19 shutdown.
Shares of STEEL STRIPS WHEELS LTD. was last trading in BSE at Rs.374.5 as compared to the previous close of Rs. 355.35. The total number of shares traded during the day was 2185 in over 178 trades.
The stock hit an intraday high of Rs. 390.85 and intraday low of 357.2. The net turnover during the day was Rs. 824835.