Stocks

Steel Strips gains 8.5% on new export orders

Internet Desk | Updated on June 16, 2020 Published on June 16, 2020

The shares of Steel Strips Wheels gained as much as 8.5 per cent on Tuesday to Rs 394.80

Earlier, Steel Strips Wheels Ltd announced it had bagged exports orders for over 36,000 wheels for EU caravan and truck trailer market to be executed in July and August from its Chennai plant. The value of the new business is worth 2.21 lakh Euros.

With these new orders, the company has kick-started operations in the EU and US - a step towards normalisation after the global pandemic of Covid-19.

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Published on June 16, 2020
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