Steel Strips Wheels Ltd (SSWL) has been award an exports order to supply high speed trailer (caravan) steel wheels for the European trailer market worth Rs 1.1 crore (Euro 148,000), as per the company filing to Bombay Stock Exchange.
Order comprises of supplying about 28,000 wheels in the next 8 months from SSWL’s Chennai plant.
The business is in expansion mode as it registers its highest-ever monthly volume sale in March of 1.22 million units, up 10% from 1.11 million units in the same period last year. In terms of value, the net turnover was Rs 115.08 crore in March 2016 against Rs 105.8 crore in March 2015, recording a growth of 9%.