STEEL STRIPS WHEELS LTD.-$ - 513262 - SSWL Receives New Orders For Over EUR 715000 (Rs 6.40 Crs) From Europe
SSWL confirms export orders of nearly 99,000 wheels for the EU market, to be executed in the period of 3 months, starting Jan'21 from its Chennai plant. Orders of similar capacity are anticipated from the same customer base as businesses have picked up speed. The company is on way to cross 40 percent growth in its exports this year. STEEL STRIPS WHEELS LTD.-$ - 513262 - SSWL Posts 27 % Turnover Growth YOY, In November 2020
SSWL achieved November 2020 total wheel rim sales of 13.00 Lacs Vs 12.52 Lacs in November 2019 representing a growth of 4% YoY. SSWL has achieved gross turnover of Rs 193.10 Crs in November 2020 V 151.89 Crs in November 2019, there by recording a growth of 27 % and achieved Net turnover of Rs.158.95 Crs in November 2020 Vs Rs.125.46 Crs in November 2019, recording a growth of 27 %. The export segment can offer further upside to sales numbers but is facing headwinds of supply chain issues pertaining to container availability and it is expected to improve going into next quarter. Production capability remains at above 95% in all plants and we expect this to be maintained going ahead into Q4 of FY 20-21. Alloy Wheel sales Grew by 437% YOY Exports sales Grew by 57% YOY Segment wise Breakup of growth Segment October Growth (YoY) Exports +57% Passenger Car +8% Tractor +35% Truck +1% 2 & 3 Wheelers -40% Overall +4%
Steel Strips Wheels shares up 4% on export orders
The share touched its 52-week high of Rs 784 and 52-week low of Rs 317.35 on December 26, 2019 and May 20, 2020, respectively. STEEL STRIPS WHEELS LTD.-$ - 513262 - SSWL Receives New Orders For Over USD 878K (Rs 6.5 Crs) From US & Europe
SSWL confirms export orders of nearly 62,000 wheels for US & EU market, to be executed in the month of Jan & Feb from its Chennai plant. Orders of similar capacity are anticipated from the same customer base as businesses have picked up speed. STEEL STRIPS WHEELS LTD.-$ - 513262 - SSWL Receives New Orders For Over USD 778K (Rs 5.8 Crores) From US & Europe
SSWL confirms export orders of nearly 57,000 wheels for US & EU trailer market, to be executed in the month of December from its Chennai plant. Orders of similar capacity are anticipated from the same customer base as businesses have picked up speed. STEEL STRIPS WHEELS LTD.-$ - 513262 - Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
This is to inform you that the Allotment Committee of the Board of Directors of the Company in their meeting held today i.e. on Tuesday the 10th day of November, 2020 allotted 19750 Equity shares Rs.10/- each for cash, at an exercise price of Rs. 200/- per share to the employees of the Company who have exercised their stock options under Steel Strips Wheels Ltd. - Employee Stock Option Scheme, 2016 (ESOS 2016). These shares shall rank pari passu with the existing equity shares of the Company in all respects. With the said allotment, the Issued and Paid up Capital of the Company increased from Rs. 155897200/- to Rs.156094700/- comprising 15609470 equity shares of Rs. 10/- each. Kindly take the same on your records please. STEEL STRIPS WHEELS LTD.-$ - 513262 - Intimation Regarding Appointment Of Sh. Siddharth Bansal As An Additional Director (Non-Executive Independent Director) On The Board Of The Company.
We wish to inform you that the Board of Directors of the Company through Circular Resolution has appointed Sh. Siddharth Bansal as an Additional Director (Non-Executive Independent Director) on the Board of the Company to hold office w.e.f 09.11.2020 till the conclusion of the next Annual General Meeting. Relevant disclosure under Regulation 30 of SEBI Listing Regulations read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 09, 2015 concerning newly appointed director of the company is enclosed. Kindly take the same on your records please. STEEL STRIPS WHEELS LTD.-$ - 513262 - SSWL Receives New Orders For Over USD 2.2Mn/ Rs 16.40 Crs.
SSWL confirms export orders of nearly 238,000 wheels from the US, to be executed in the months of Dec'20- Feb'21 from its Chennai plant. STEEL STRIPS WHEELS LTD.-$ - 513262 - SSWL Receives New Orders For Over USD 0.94 Mln From US
SSWL has bagged firm exports orders for over 11,000 wheels, from a new US customer, to be executed in December 2020 from its Chennai plant. This marks start of a new business with one of the largest players in US market. This new business relationship is expected to realize annual business of close to USD 10 Mln in CY2021 which would be one of the largest businesses to be executed from SSWL Chennai plant. Above will support in maintaining full capacity production at Chennai steel wheels plant. STEEL STRIPS WHEELS LTD.-$ - 513262 - Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations"), we wish to inform you that a meeting of Allotment committee of the Board of Directors of the company is scheduled to be held on Tuesday the 10th day of November, 2020, to consider the allotment of equity shares to the employees of the company who have chosen to exercise their options under the prevailing "Steel Strips Wheels Limited- Employee Stock Option Scheme, 2016" (ESOS 2016) scheme of the Company. Kindly take the above information on your records please.