Steel Strips Wheels gets order from Audi worth $38 million
Moneylife Digital Team 09 July 2010

Auto parts and equipment maker Steel Strips Wheels Ltd (SSWL) said it received an export order from the German car maker Audi. The awarded business has a potential of export worth over $38 million over five years period, SSWL said in a regulatory filing. The Chandigarh-based company said it expects to start supplies in the first quarter of 2011.

On Friday, SSWL shares closed 9.9% higher at Rs196 on the Bombay Stock Exchange, while the Sensex ended at 1% up at 17,833 points.

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