Steel Strips Wheels eyes Rs 700cr topline next year

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Steel Strips Wheels eyes Rs 700cr topline next year

In an interview with CNBC-TV18, Dheeraj Garg, MD, Steel Strips Wheels, spoke about the latest happenings in his company and sector.

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Excerpts from Midcap Radar on CNBC-TV18 Watch the full show » ALSO READ See latest News about Steel Strips Wh See previous management interviews See what other Experts & Brokerages are saying about Steel Strips Wh Steel Strips Wh BSE | NSE 10/02/12 Are Mutual Funds betting on Steel Strips Wh?

In an interview with CNBC-TV18, Dheeraj Garg, MD, Steel Strips Wheels , spoke about the latest happenings in his company and sector.

Here is a verbatim transcript of the exclusive interview with Dheeraj Garg on CNBC-TV18. Also watch the accompanying video.

Q: Your Jamshedpur plant is to come on stream, take us what it will mean in terms of revenues next year as also in terms of interest cost and margins?

A: The Jamshedpur project, we are expecting a dry run in April 2010 and a complete start up in July 2010. This facility would be the largest steel wheel facility for truck wheels. The beauty of this project is that it is near Tata Motors and near Tata Steel , so we will get steel very close to us and the customer very near to us. So that would be a big advantage to the company's top-line.

We expect the topline of the company to be about Rs 700 crore next year and the wheel business from trucks would contribute to maybe about Rs 250 crore next year.

Other than that we are contributing a lot in the passenger car market which is growing about 35% for us this year and next year we expect about 40% growth, given the fact that our exports in the car business is also ramping up very nicely.

Another big growth area for us is the tractor wheel business, the tractor industry is doing very well and we are gearing up market share in this segment from our competitor. So all in all, the tractor, truck and the car business is looking very-very good for us.