Steel Strips Wheels to set up Alloy Wheels, Steering Knuckle units in Gujarat
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On the reaction day the stock moved 0.8 pts more than Nifty Microcap 250 and 0.9 pts more than its Auto Components & Equipments peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Steel Strips Wheels board approved new manufacturing units in Gujarat for Alloy Wheels (capacity 7.2 million units per year, capex Rs 300 cr) and Aluminum Steering Knuckle (capacity 0.6 million units per year, capex Rs 120 cr). Total capex about Rs 420 cr, funded via debt or internal accruals, targeted by Q4 FY27. Land leased from wholly owned subsidiary AMW Autocomponent at Rs 45 lakh per month for 11 months, extendable.
Major Rs 420 cr capex signals strong growth push. Short-term pressure possible from capex and debt; longer-term revenue boost expected from FY27.