In view of the increased demand of alloy wheel rims, the company has decided to set up an alloy wheel manufacturing facility at Mehsana in Gujarat with an initial capacity of 1.5 million alloy wheel rims, Steel Strips Wheels said in a regulatory filing.
The company had reported a net profit of Rs 4.26 crore in the corresponding quarter of FY14, SSWL said in a regulatory filing. However, the company's total income from operations declined to Rs 293.9 crore, from Rs 302.6 crore in the same quarter of 2013-14.
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Steel Strips Infrastructures has reported a standalone sales turnover of Rs 0.89 crore and a net loss of Rs 0.15 crore for the quarter ended Jun '13
Steel Strips Infrastructures has reported a sales turnover of Rs 1.42 crore and a net profit of Rs 0.12 crore for the quarter ended Sep '12
Steel Strips board has okayed allotment of 7.3 lakh shares at Rs 300 per share via preferential basis, reports CNBC-TV18.
In an interview to CNBC-TV18, Dheeraj Garg, managing director of Steel Strips Wheels says, the company’s top-line will grow by close to 60% this year. “We should see a strong double digit growth going forward in the next three-five years,” he adds.
Steel Strips Infrastructures has reported a sales turnover of Rs 0.69 crore and a net profit of Rs 0.06 crore for the quarter ended Dec '10