 "Steel Strips Wheels surges on winning export order")
Steel Strips Wheels (SSWL) has surged 10% to Rs 437 on the National Stock Exchange (NSE) after the company announced that it has bagged an export order from Siam Kubota Corp Ltd (SKC) for their new project. The order is for supplying tractor wheel for their Thailand production facility.
“It will be an existing wheel supplied from our Dappar plant which will be carried over for a new Tractor model of Kubota. Mass supplies are expected from Mar 2016,” SSWL said in a statement.
The total expected volume from this program over a period of five years is 220,000 tractor wheels. The order value of the program will be USD 13.5 million, it added.
The stock hit a 52-week high of Rs 449 on the NSE in early morning trade. A combined 567,977 shares changed hands on the counter on the NSE and BSE till 02:34 p.m.
“It will be an existing wheel supplied from our Dappar plant which will be carried over for a new Tractor model of Kubota. Mass supplies are expected from Mar 2016,” SSWL said in a statement.
The total expected volume from this program over a period of five years is 220,000 tractor wheels. The order value of the program will be USD 13.5 million, it added.
The stock hit a 52-week high of Rs 449 on the NSE in early morning trade. A combined 567,977 shares changed hands on the counter on the NSE and BSE till 02:34 p.m.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%