Steel Strips Wheels bags orders worth Rs 25 crore from America, Europe

June 2, 2024

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Steell auto parts maker Strips Wheels Ltd (SSWL) on Thursday announced orders worth Rs 250 crore from the US and Europe. In a regulatory filing, SSWL said the export orders of over 17,000 wheels from the US and the EU are primarily for the caravan trailer market, US mobile home and US truck trailer markets.

The company added that it expects to fulfill the orders from its Chennai and Dhapar plants as early as July 21st.

The report said, “With the rapid recovery of the business, it is expected that similar customer segments will receive orders for similar volumes in the coming months.”

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