Steel Strips Wheels (SSWL), a producer of automobile wheel rims, witnessed a rise in share price on Wednesday after the company bagged an export order for supply of truck and trailer steel wheels to the EU after market.

The total order value would be about USD  240,000 for supplying around 6,000 wheels in a period of one year. This order is expected to increase in coming months. The wheels will be supplied from the company's Jamshedpur plant.

SSWL is heading towards generating a mutually beneficial long term business relationship with this After Market group. This compliments SSWL's strategy to be a strong player in Global Steel wheels after market.

Shares of Steel Strips Wheels are trading at Rs 337.30, up Rs 6.8, or 2.06% at the Bombay Stock Exchange (BSE) on Wednesday at 1:08 p.m.

The scrip has touched an intra-day high of Rs 341.80 and low of Rs 332. The total volume of shares traded at the BSE is 714.