Steel Strips Gets 5000 Wheel Order From Europe

Steel Strips Wheels on Wednesday informed that it has bagged another exports order for supply of steel wheels for Europe.

According to the BSE filing, the total order covers supplies of over 5000 wheels amounting to approx. Euro 60,000.

The company on Monday reported a net profit of Rs 20.74 crore for the quarter ended March 31, 2017, as against Rs 18.48 crore in the same quarter of the previous year.

The board of directors at its meeting held on May 29, 2017, has recommended a final dividend of Rs 3 per fully paid up equity share of Rs. 10 each, subject to the approval or shareholders.

Steel Strips Wheels Limited is engaged in the manufacturing of steel wheel rims catering to different segments of the automobile industry.

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