Categories: Business

SSWL gets $ 1 million contract from US, will supply 1.19 lakh wheels


SSWL bags new orders worth over USD 1 mn from US

new Delhi. Auto component manufacturer Steel Strips Wheels Limited said on Monday that it had received a new order of $ 1 million to supply 1.19 lakh wheels for the US caravan trailer market.

Steel Strips Wheels Limited said in a regulatory information that the order will be started to be completed from the company's Chennai plant from August. It says that this is the largest order ever received from a single customer.

The company said in its statement that the order is an indication that business activity has resumed in the US and Europe after the recession caused by the corona virus epidemic and the situation has started to normalize again.

The company has said that after this order, production in Chennai plant will be further increased. The company said that it expects to get new orders from more customers as the market stabilizes. SSW recently won a long-term order of Rs 3750 crore through the Domestic Customer Supply Program.

This post was published on July 6, 2020 1:09 pm

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