Steel Strips Wheels (SSWL), a producer of automobile wheel rims, has bagged its repeat export order from Russian territory. The order will cater to the Russian after-market demand and this order will open up opportunity for SSWL to increase foothold in export markets.

The order is worth 25,000 wheels and will cater to passenger car segment. The wheels will be exported for LADA cars sold in Russia & Europe and will be executed in 2nd quarter 2014-2015 only. This order will become a repeat business going forward and will add volumes to export segment.

Shares of the company gained Rs 12.90, or 4.49%, to trade at Rs 300.50. The total volume of shares traded was 18,955 at the BSE (11.25 a.m., Wednesday).