Published On:July 6 2020
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Steel Strips Wheels Ltd. bags new orders worth more than $1 million

Steel Strips Wheels Ltd. (SSWL) has bagged firm exports orders for over 119,000 wheels for US Caravan Trailer Market to be executed in the month of August from its Chennai plant. This is the largest monthly order from one customer and encompasses most of the developments we have done for the US market. As EU and US markets gain momentum after the slowdown of the pandemic, this appears as a major step towards acceleration of business activities and resuming normalcy. Inflow of more orders are expected to come from various other customers as the market gains stability.

The production at the Chennai steel wheel plant will further ramp up with above mentioned developments.

EQUITYBULLS





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