Steel Strips Wheels has prepaid the term debt of Rs 35.54 crore as on date and after this pre-payment along with normal repayments for the period, the company's long term debt is reduced to Rs 469.74 crore.
The company is working to further pre-pay the long term loans within the current month, so as to be on course to achieve the targeted financial leverage of sub 2 times on total debt (long term / short term basis).
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