Steel Strips Wheels Ltd prepays Rs. 25.73 crore long term debt

Steel Strips Wheels Ltd has further prepaid the long term debt of Rs. 25.73 Crore thereby making the total prepayment of Rs. 61.27 Crore till date and after this pre-payment along with normal repayments for the period, the company's Long term debt is reduced to Rs.441.72 Crore.

The Company is working to further pre-pay the long term loans within the current month, so as to be on course to achieve the targeted financial leverage of sub 2 times on total debt (Long Term/Short Term) basis.

Shares of Steel Strips Wheels Limited was last trading in BSE at Rs. 768.25 as compared to the previous close of Rs. 752.75. The total number of shares traded during the day was 17055 in over 1212 trades.

The stock hit an intraday high of Rs. 778.60 and intraday low of 754.65. The net turnover during the day was Rs. 13163661.00.

Source : Equity Bulls

Keywords

SteelStripsWheels INE802C01017 SSWL LongTermDebt Prepayment DebtReduction