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Steel Strips Wheels bags fresh orders worth about Rs 11.25 crore for US caravan trailer market

 EnidBryan
  39
 June 2, 2024

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Last week, SSWL received orders worth 1, 78, 0000 Euro (Rs. 1.51) crore from EU and US).

New Delhi:Auto component maker Steelelellel Strips Wheels on Monday said it has received orders for one lakh wheels worth 1,50,11,25,000 dollars (about 1,12,550,000 dollars (about 11. More than Rs 1.45 crore).

As a result, the company has recorded orders worth more than Rs 2.1 crore this month alone.

Steel Strips Wheels Ltd (SSWL) in a filing to the regulator on Monday, “We have obtained a document of more than 145,000 from our Chennai plant for the US caravan trailer market An export order for wheels worth more than $1.5 lakh will be executed in September.” was exposed.

SSWL He said that the reordering confirms the recovery of the market after a long downturn.

The company added, “Similar orders are expected to be received in the coming months. With this order, our Chennai plant will remain committed to operate our passenger car wheel business at maximum monthly utilization.”

Last week, SSWL received orders worth 17.8 lakh euros (Rs 1.51 crore) from the EU and the US.

The company also received orders worth 14 10.5 million dollars (about 10.5 million dollars (about 10.5 million dollars) Rs. crores) is its first order for alloy wheels in the EU market.

Earlier this month, the company bagged 10 orders worth $100 million. It produces more than 11.9 10 million wheels for the US RV trailer market with prices starting from $10,000 (about $75 lakh rupees) for 1,000 wheels.

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