Steel Strips Wheels Limited Secures €15 Million Steel Wheel Order from European OEM
Steel Strips Wheels Limited (SSWL) has been nominated for a significant steel wheel business by a leading European original equipment manufacturer (OEM).
Key Highlights of the Order:
- Business Value: Approximately €15 million.
- Duration: The order will be executed over six years.
- Series Supplies Start: By the end of 2026.
- Type: Export order for international execution.
- No Related Party Involvement: Neither promoters, promoter groups, nor group companies have any interest in the European OEM, and the transaction does not qualify as a related party transaction.
This nomination aligns with SSWL’s strategic focus on expanding its footprint in the European and US OEM markets. The company views this order as an opportunity to strengthen its presence in the global steel wheel industry and enhance its international operations.
SSWL anticipates additional business opportunities from global OEMs in the near future, further supporting its growth ambitions and market expansion strategy.
