Steel Strips Wheels (SSWL), a producer of automobile wheel rims, has bagged an export order from ALCAR. The order will cater to the after-market demand. The order is worth 30,000 wheels and will cater to passenger car segment. The order will serve the EU & Russian market. SSWL is expecting this order to be a repeat order and will add volumes to existing sales going forward.
SSWL is constantly looking to address global after market demand given the size of the market. With this order the effort target after market segment will get a boost and gain momentum.
Shares of the company gained Rs 6.90 or 2.50%, to trade at Rs 282.70. The total volume of shares traded was 24,658 at the BSE (12.07 p.m., Monday).