Shares of the Chandigarh-based wheel rim maker – Steel Strips Wheels Limited (SSWL) – gained as a lot as 3.53 per cent to hit an intraday excessive of Rs 717.90 on the BSE after it reported exchanges that it has gained an order value Rs 25 crore from US and Europe for 170,000 wheels.
“SSWL confirms export orders of over 170,000 wheels for US and EU caravan trailer market; US mobile home and US truck trailer market,” Steel Strips Wheels stated in a inventory change submitting.
Steel Strips Wheels will full execution of those orders by July 21 from its Chennai and Dappar crops, the Chandigarh-based wheel maker stated.
Orders of comparable capability are anticipated in coming months from related buyer base as companies proceed to recuperate quickly, SSWL added.
In a separate improvement, Steel Strips Wheels will board is scheduled to be held on May 7, 2021 to think about and approve the monetary outcomes of the corporate for the quarter and yr ended March 31, 2021 and to suggest dividend if any, SSWL knowledgeable exchanges.
As of 12:53 pm, Steel Strips Wheels Limited shares traded 2.3 per cent increased at Rs 709, outperforming the Sensex which was up 0.43 per cent.
