Steel Strips Wheels shares rose 3% after the company secured a significant export order worth €15 million from a top European OEM. The contract spans six years, with supplies set to begin by the end of 2026. This deal aligns with the company’s strategy to strengthen its presence in the European and US OEM markets.
The new order positions Steel Strips Wheels for further growth, with expectations of additional business opportunities from global OEMs in the coming months. This contract marks a key step in the company’s global expansion plans.
Steel Strips Wheels shares opened at ₹200.05 and reached a high of ₹206.99 and a low of ₹197.05 today. The stock has a 52-week high of ₹289.50 and a low of ₹188.85, reflecting a significant range over the past year.
As of 12:37 pm, Steel Strips Wheels shares were trading 3.55% higher at Rs 206.49 on the NSE.
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