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Steel Strip Wheels Sswl

SSW to invest Rs 138 cr in AMW Autocomponent, part of insolvency resolution

Steel Strips Wheels Ltd (SSWL) will invest Rs 138 crore in AMW Autocomponent Ltd as part of an insolvency resolution plan. The company's board has decided on the plan after the Ahmedabad Bench of the National Company Law Tribunal gave its nod for its resolution plan for AMW Autocomponent, a regulatory filing said on Tuesday. "SSWL shall infuse Rs 138.15 crore into AMW Autocomponent Limited(AACL) through a mix of equity and debt as per the resolution plan approved by NCLT Ahmedabad," it said. The amount will be utilised as full and final settlement of financial creditors, operational creditors, workmen/employees and other creditors of AACL, and will be treated as full discharge of SSWL's obligation under the approved resolution plan, it added. SSWL is into designing and manufacturing automotive wheels, both under the steel & alloy categories.

SSW to invest Rs 138 cr in AMW Autocomponent, part of insolvency resolution
Updated On : 09 Jan 2024 | 4:45 PM IST

Steel Strips hits new high, up 5% on record net turnover in September

SSWL expects a sharp pull back of export demand with alloy exports being the key factor for Financial year 2023-24.

Steel Strips hits new high, up 5% on record net turnover in September
Updated On : 03 Oct 2023 | 1:50 PM IST

Steel Strips Wheels hits record high, surges 9% on healthy growth outlook

SSWL is looking to expand its presence in alloy wheel with global passenger car segment customer

Steel Strips Wheels hits record high, surges 9% on healthy growth outlook
Updated On : 26 Jun 2023 | 11:29 AM IST

This auto ancillary company's stock has zoomed 132% in two months

Shares of Steel Strips Wheels were locked in the 5 per cent upper circuit band at Rs 1,788.40 on the BSE today

This auto ancillary company's stock has zoomed 132% in two months
Updated On : 25 Aug 2021 | 11:46 AM IST

Steel Strips Wheels freezes at 5% upper circuit on stock split plan

The primary motive of a stock split is to make shares seem more affordable to small investors.

Steel Strips Wheels freezes at 5% upper circuit on stock split plan
Updated On : 17 Aug 2021 | 3:07 PM IST

Steel Strips Wheels soars 25% in 2 days on bagging orders worth Rs 113 cr

In past one month, the stock of SSWL has rallied 81 per cent, as compared to a marginal 0.26 per cent rise in the S&P BSE Sensex

Steel Strips Wheels soars 25% in 2 days on bagging orders worth Rs 113 cr
Updated On : 14 Jul 2021 | 10:35 AM IST

Steel Strips Wheels extends gain after highest-ever monthly sales in Feb

The stock hit a 52-week high of Rs 774, up 9% in intra-day trade today, and has rallied 22% thus far in March

Steel Strips Wheels extends gain after highest-ever monthly sales in Feb
Updated On : 09 Mar 2021 | 3:21 PM IST

Steel Strips Wheels bags manufacturing orders worth $2,09,000 for US market

Company says it has bagged 'export' orders for over 6,000 wheels for the US truck and caravan trailer market

Steel Strips Wheels bags manufacturing orders worth $2,09,000 for US market
Updated On : 06 Aug 2020 | 12:27 PM IST

Steel Strips Wheels extends rally on export order for 6000 truck wheels

The hit record high of Rs 1,100, up 15% after the company said it is in advanced stage of discussions to finalize long term contracts with multiple European customers.

Steel Strips Wheels extends rally on export order for 6000 truck wheels
Updated On : 01 Dec 2017 | 11:11 AM IST