INSUBCONTINENT EXCLUSIVE:
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.
