Steel Strips Wheels Ltd (SSWL) has secured another prestigious export order from BMW. This order covers supplies of about 46,OOO steel wheels, which would be supplied to BMW’s Leipzig (Germany) plant from SSWL’s Chennai plant from next financial year. “SWL has been in strong business relationship with BMW for eight years and this business reflects their level of trust and commitment in SSWL. This business will help SSWL strengthen its position in the challenging EU steel wheels market”, it said in a statement to the stock exchanges. Shares of SSWL gained 1.67 per cent at ₹984.60 on the BSE.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.