Steel Strips Wheels Limited has informed the Exchange about Bagging/Receiving of orders/contracts
SSWL · price
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Awaiting price reaction for this filing.
Steel Strips Wheels has secured nominations (orders) for steel wheel business from two leading European OEMs for vehicle programs to be produced in the European Union and South America. The combined business value is close to INR 300 Crores, to be executed over 5 years. Series supplies are expected to start from early CY2027, manufactured at the company's Chennai plant. The company stated it expects more business from global OEMs in the coming months, which complements its strategy of reducing dependency on the US market and expanding presence in the EU and South America.
This is a significant export order win that diversifies SSWL's revenue base geographically and reduces reliance on the US market. The 5-year supply window provides strong revenue visibility, though execution risk remains as supplies only start from CY2027.