Business

Shares of the Chandigarh-based wheel rim maker - Steel Strips Wheels Limited (SSWL) - gained as much as 3.53 per cent to hit an intraday high of Rs 717.90 on the BSE after it reported exchanges that it has won an order worth Rs 25 crore from US and Europe for 170,000 wheels."SSWL confirms export orders of over 170,000 wheels for US and EU caravan trailer market; US mobile home and US truck trailer market," Steel Strips Wheels said in a stock exchange filing.Steel Strips Wheels will complete execution of these orders by July 21 from its Chennai and Dappar plants, the Chandigarh-based wheel maker said.Orders of similar capacity are anticipated in coming months from similar customer base as businesses continue to recover rapidly, SSWL added.In a separate development, Steel Strips Wheels will board is scheduled to be held on May 7, 2021 to consider and approve the financial results of the company for the quarter and year ended March 31, 2021 and to recommend dividend if any, SSWL informed exchanges.As of 12:53 pm, Steel Strips Wheels Limited shares traded 2.3 per cent higher at Rs 709, outperforming the Sensex which was up 0.43 per cent.





Unlimited Portal Access + Monthly Magazine - 12 issues


Contribute US to Start Broadcasting - It's Voluntary!


ADVERTISE


Merchandise (Peace Series)

 


Adani Group Posts Stellar 2024-25 Performance; EBITDA Hits All-Time High


Indian Economy Remains Resilient Amid Trade Tensions, Policy Uncertainty: RBI Report


Sensex Tanks 720 Points In Early Trade, Nifty Down 220 Points


Sensex Jumps 800 Points, Market Bounce Back On Buying Bank Stocks


India Well-Positioned To Deal With Negative Effects Of US Tariffs: Moody's


Sensex Up 267 Points, Market Bounce Back On Buying In Bank Stocks


Piccadily Becomes The 1st Indian Alcobev Company To Adapt NFC Technology To Combat Counterfeiting


[Business] - Filing Guide And Full List Of Deadlines


Stock Market Opens Flat Amid Mixed Global Cues


Sensex Falls 231 Points, Nifty Downs 49 Points Amid Mixed Global Cues


Adani Defence, Sparton Sign Deal To Make Anti-Submarine Sonobuoys In India


Sensex Jumps 1,000 Points, Nifty Breaches 25,000 After Trading Flat Till Noon


Wholesale Inflation Falls To 0.85% In April


UnitedHealth CEO Andrew Witty Suddenly Steps Down Deepening Crisis


Sensex Up 281 Points As Retail Inflation Drops To 6-Year Low In April


Sensex Slips 1,000 Points A Day After Record Rally, Nifty Down 200 Points


Sensex, Nifty Clock Best Single-Day Rally In 4 Years After Ceasefire Deal


Adani Power Wins Contract To Supply 1,500 MW Electricity To Uttar Pradesh


Midcap Stocks Effects Amid Mixed Global Cues