Steel Strips Wheels surges 6% on export order from Renault Brazil
The company said it has bagged an export order worth of Euro 5.8 million (approx. Rs 41 crore) from Renault Brazil.
 "Steel Strips Wheels surges 6% on export order from Renault Brazil")
Steel Strips Wheels Limited (SSWL) has moved higher by 6% to Rs 351 on BSE after the company announced that it has bagged an export order worth of Euro 5.8 million (approx. Rs 41 crore) from Renault Brazil.
“The order value is worth of Euro 5.8 million for a total supply of 760,000 wheels,” SSWL today said in a filing with the BSE
This order will cater to both domestic and exports requirement for Renault Global and strengthens the exports dominance of SSWL with Renault Global, it added.
The stock opened at Rs 329 and touched high of Rs 359 on BSE. Till 1237 hours, a combined 56,796 shares changed hands as against an average sub 25,000 shares that were traded daily in past two weeks on BSE and NSE.
“The order value is worth of Euro 5.8 million for a total supply of 760,000 wheels,” SSWL today said in a filing with the BSE
This order will cater to both domestic and exports requirement for Renault Global and strengthens the exports dominance of SSWL with Renault Global, it added.
The stock opened at Rs 329 and touched high of Rs 359 on BSE. Till 1237 hours, a combined 56,796 shares changed hands as against an average sub 25,000 shares that were traded daily in past two weeks on BSE and NSE.