Steel Strips Wheels Limited has informed the Exchange about Capacity addition through setting up new manufacturing units in the state of Gujarat for Alloy Wheels and Aluminum Steering Knuckle, subject to the receipt of necessary statutory and regulatory approvals and clearances, as may be required.

Steel Strips Wheels Limited has announced plans to set up new manufacturing units in Gujarat for producing Alloy Wheels and Aluminum Steering Knuckles. This is a greenfield capacity expansion, meaning entirely new facilities rather than upgrades to existing ones. The project is subject to receiving necessary statutory and regulatory approvals before it can proceed. The expansion diversifies the company into the higher-value alloy wheels segment, which typically commands better margins than traditional steel wheels. No specific investment amount, timeline, or production capacity has been disclosed in this announcement.