Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
21 July, 2018 22:50 IST
Steel Strip Wheels bags maiden export order from US
Source: IRIS | 10 Jan, 2018, 11.39AM
Comments  |  Post Comment

Steel Strip Wheels has bagged a maiden export order from high potential US truck and trailer aftermarket for its truck steel wheels plant in Chennai.

The total annual potential of this business is 45,000 wheels. Wheels to be dispatched from its new truck wheels plant in Chennai from this month onwards. Order value would be close to USD 2 million.

This order marks SSWL's (Q,N,C,F)* entry into US territory. SSWL is in discussions with other large truck & trailer makers in USA and expects to get more orders in this segment in near future.

SSWL expects to increase its presence in Truck & Trailer wheels market in US & EU in the coming months.

Shares of the company gained Rs 10.1, or 0.87%, to trade at Rs 1,175.10. The total volume of shares traded was 370 at the BSE (11.27 a.m., Wednesday).

Comments Post comment 
 Post Comment
Name Email
Comment
Security Code type    into this box
Sector
Wipro Q1 earnings rise 16.3% q-o-q to Rs 20.93 bn - 20-Jul-2018 16:53
PNC Infratech receives LOI for Purvanchal Expressway EPC Projects - 20-Jul-2018 15:52
Himachal Futuristic Communications receives orders worth Rs 20.04 bn - 20-Jul-2018 15:45
Zydus Cadila gets final nod for Spironolactone tablets - 20-Jul-2018 15:40
Bank of Baroda signs MoU with 10 companies - 20-Jul-2018 15:34
NCLT approves JK Paper's Rs 3.71 bn bid for Sirpur Paper Mills - 20-Jul-2018 13:40
Global oil brand ECSTAR now at Maruti Suzuki ARENA network - 20-Jul-2018 10:23
Gayatri Projects wins two road contracts worth Rs 27.59 bn - 20-Jul-2018 09:58
Jain Irrigation Systems bags project worth Rs 9.75 bn - 20-Jul-2018 09:53
Yes Bank partners with 10 smart cities to tackle development challenges - 19-Jul-2018 17:36
Govt to infuse capital worth Rs 17.9 bn in Allahabad Bank - 19-Jul-2018 16:17
more...
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer