Steel Strips Wheel receives Rs 110 cr order from Renault

Mumbai, Apr 2: Steel Strips Wheels (SSW) Ltd has won a Rs 110 crore order from leading French automaker Renault for supply of one million steel wheel rims for one of its new vehicles. The order is to be executed during the next five years, the company said in a release here today.

Steel Strips wheels expect its exports to jump by over 200 per cent in the new fiscal with the unit volume estimated at 425,000. During the quarter ended March 31, 2008, the Company has registered a growth of 24.27 per cent in sales of wheels rims as against the sale in the quarter ended March 31, 2007.

UNI