STEEL STRIPS WHEELS LTD.-$ - 513262 - Pre-Payment Of Debt
In continuation to our letter dated 09.03.2022, we are pleased to inform you that the company has further prepaid the long term debt of Rs. 35.76 Crore thereby making the total prepayment of Rs. 97.03 Crore till date and after this pre-payment along with normal repayments for the period, the company's Long term debt is reduced to Rs. 405.96 Crore. The Company is working to further pre-pay the long term loans within the current month, so as to be on course to achieve the targeted financial leverage of sub 2 times on total debt (Long Term/Short Term) basis.23-03-2022