Breaking News

You are here » Indian-Commodity  :  Corporate  :  SSWL bags maiden exports order for new Truck wheels plant

31-Oct2017

SSWL bags maiden exports order for new Truck wheels plant

Steel Strips Wheels (SSWL) has bagged maiden exports order for its Truck wheels plant in Chennai. Total order size is 30,000 truck wheels to be supplied over next 12 months from Chennai Truck plant. The company is chasing similar large orders in European territory and expecting to close more final order in December 2017.

This will mark the company's entry in the high potential Truck and Trailer wheels market in EU. SSWL expects to increase its presence in this market in the coming months given the brand new Chennai plant established keeping the lucrative Exports market.

SSWL is a part of the Steel Strips Group, headquartered in Chandigarh. It is engaged in the manufacturing of single piece steel wheel rims in the range of 10 to 30 inches for scooters, passenger cars, utility vehicles and tractors.


Related News

View all news

DCB Bank reports 25% rise in Q2 net profit

DCB Bank has reported results for second quarter ended September 30, 2018.The Bank has reported 24.69% rise in its net profit at Rs 73.44 crore for the quarter under review as compared to Rs 58.90 crore......

Persistent Systems, Partners HealthCare launch new center of excellence

Partners HealthCare in collaboration with Persistent Systems has formed a new center of excellence - Partners HealthCare Pivot Labs that aims to disrupt the delivery of healthcare to enhance the patient......

IndiGo makes Hong Kong as its 15th international destination

InterGlobe Aviation (IndiGo) has made Hong Kong as its 15th international destination. The airline to operate its daily non-stop flight between Hong Kong and Bangalore effective December 11, 2018. As part......

Top News

View all news

IRB Infrastructure's arm achieves financial closure for Vadodara-Mumbai Expressway project

IRB Infrastructure Developers' Wholly-owned Subsidiary (SPV) -- VK1 Expressway has achieved financial closure for the project of construction of eight lane Vadodara Kim Expressway from Km 355.00 to Km......

Havells India reports 4% rise in Q2 net profit

Havells India has reported results for second quarter ended September 30, 2018.The company has reported 4.44% rise in its net profit at Rs 178.62 crore for the quarter under review as compared to Rs 171.02......

Mphasis reports 37% rise in Q2 consolidated net profit

Mphasis has reported results for second quarter ended September 30, 2018.The company has reported a rise of 9.42% in its net profit of Rs 188.94 crore for the quarter under review as compared to Rs 172.67......