Deals9 Apr 2025, 05:37 pm
Steel Strips Wheels Ltd. Secures Steel Wheels Business Worth USD 5 Million Over 5 Years
AI Summary
Steel Strips Wheels Ltd. (SSWL) has been awarded a significant business deal from a global OEM based in the Southern Hemisphere. The contract, valued at USD 5 Million, will span over 5 years, starting from the business life. The company has begun the development of this program, with series production scheduled from the FY 2026 from the Chennai Plant of the Company. The details of this event are in accordance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and the SEBI Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.
Key Highlights
- SSWL awarded Steel Wheels business valued at USD 5 Million over 5 years
- Business from a global OEM based in the Southern Hemisphere
- Development of the program started with series production scheduled from FY 2026
- Awarded business from an international entity
- Business value from the order is USD 5 million over a business life of 5 years