Categories: Business

Steel Strips Wheels gets Rs 1.77 crore order from US

Photo: MONEYCONTROL

Steel Strips Wheels bags orders worth USD 237,000 from US

new Delhi. Auto parts company Steel Strips said on Monday that it had received an order from the US for $ 2,37,000 (Rs 1.77 crore). In the information sent to the stock markets, the company said that it has received orders for 30,000 wheels for Keeravan trailer vehicles in the US.

The order will be supplied from the company's Chennai plant in September. Steel Strips Wheels Limited (SSWL) said the order amounted to US $ 2,37,000. In terms of Indian rupees, it sits at around 175 lakh rupees.

The company said that with the market stabilizing, it expects to get more such orders in the coming time. In the past week, the company has received orders of 2,09,000 (Rs 1.56 crore) from the US truck and Kerawan trailer vehicle market. The company has also received other orders of US $ 1.3 million (about Rs 9.76 crore) for 1.16 lakh wheels from the US market.

This post was published on August 10, 2020 2:04 pm

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