Production expected to commence by end of Q3 2016
Steel Strips Wheels announced that the Company is setting up a specially designed Hot Rolling Mill at Seraikela, State of Jharkhand, for rolling of profile bars under the backward integration policy of the company. Profile bar is the raw material for the side ring/ lock ring, requiring for the Truck Wheel Rim. Presently, the Company is sourcing the profile bars from outside source. Production is expected to start by end of third quarter 2016. The total cost of setting up the Hot Rolling Mill is approx. Rs 55 crore.Powered by Capital Market - Live News
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