Categories: Business

Steel strips wheels received 4.29 lakh euro order from EU

Photo: BARRETTSTEEL.

Steel Strips Wheels bags orders worth EUR 429,000 from EU

New Delhi Vehicle parts company Steel Strips Wheels Ltd said on Monday that it has received orders from the European Union (EU) trailer vehicle market for EUR 4,29,000 (about Rs 3.75 crore) for 70,000 wheels.

In regulatory information sent to the stock markets, the company said that it has received a new order of 4,29,000 euros from Europe. The company has said that it has received an export order of 70 thousand wheels from the European Union trailer vehicle market. The order is to be completed by the company in September and October. The production will take place at the company's Chennai plant.

The company has said that it expects to get similar orders in the coming days. Markets are now moving towards normalcy. This will help in increasing production activities at the company's Chennai Steel Wheels plant.

This post was published on July 27, 2020 3:32 pm

Content Team

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