 "Steel Strips Wheels extends gain on winning exports orders")
Shares of Steel Strips Wheels Limited (SSWL) were trading higher by 3% at Rs 347 on BSE in early morning trade, extending its previous day’s 9% rally, after the company said it has bagged an exports order from Renault Russia and European aftermarket.
The company has bagged an exports order from Renault’s Moscow, Russia Plant. The vehicles would be sold in Russia, Ukraine and other CEIR countries, SSWL said in a statement.
Currently, the company is supplying wheels to Renault's plant in India, Romania & South America. Supplies of these wheels would start by early 2016, it added.
In addition to this, the company has also bagged orders from European aftermarkets and wheels to be supplied in this March 2015. The company will start full supplies to the new European customer for entire next financial year. The order value is Euro 2,00,000.
The stock opened at Rs 338 and touched a high of Rs 348 on BSE. A combined 8,284 shares changed hands on the counter till 0921 hours on BSE and NSE.
The company has bagged an exports order from Renault’s Moscow, Russia Plant. The vehicles would be sold in Russia, Ukraine and other CEIR countries, SSWL said in a statement.
Currently, the company is supplying wheels to Renault's plant in India, Romania & South America. Supplies of these wheels would start by early 2016, it added.
In addition to this, the company has also bagged orders from European aftermarkets and wheels to be supplied in this March 2015. The company will start full supplies to the new European customer for entire next financial year. The order value is Euro 2,00,000.
The stock opened at Rs 338 and touched a high of Rs 348 on BSE. A combined 8,284 shares changed hands on the counter till 0921 hours on BSE and NSE.
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