The order is valued at 1.38 lakh Euros. The order will be executed from the company’s Chennai plant in the month of September.

Steel Strips Wheels (SSWL) has informed the exchanges of securing export orders for close to 20,000 wheels for the Caravan Trailer Market in the European Union.

The order is valued at 1.38 lakh Euros and the order will be executed from the company’s Chennai plant in the month of September.

SSWL has bagged firm export orders for close to 20,000 wheels for EU Caravan Trailer Market to be executed in the month of Sept from its Chennai plant. Similar orders are expected in times to come from other regular customers as the market regains normalcy, SSWL said in the filing.

This will support further ramping up of production at Chennai steel wheels’ plant, according to the company’s exchange filing.

The stock ended at Rs419.80 down by Rs2.5 or 0.59% from its previous closing of Rs422.30 on the BSE.

The scrip opened at Rs426.65 and touched a high and low of Rs435 and Rs416.60 respectively.