Steel Strips bags order from Piaggio & C.S.p.A

Submitted by Himanshu Thakur on Thu, 12/11/2008 - 19:25

Steel Strips & Wheels Limited (SSWL), a part of the Steel Strips Group has received an export order from Piaggio & C.S.p.A, one of the leading two-wheeler, three-wheeler and light vehicle manufacturer from Italy.

The order is for the supply of 46,000 wheel rims for their light commercial vehicle - Porter / Quargo model. The order is valued at Rs 2.4 crore per annum.

Steel Strips Wheels is part of the Steel Strips group, and other firms in the group include Steel Strips, Steel Strips & Tubes, SA Builders and Indian Acrylics.

Patiala-based SSWL, manufactures and sells single piece steel wheel rims for scooters, passenger cars, utility vehicles, and tractors in India. The company also exports its products to Europe and North America.

The scrip of SSWL has finally settled the day at Rs 52 on BSE, up 1.46% compared to previous close of Rs 51.45.


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