Steel Strips Wheels has received a long term contract from one of Europe’s leading trailer manufacturer.
This contract has a potential to reach 60,000 wheels per year with an approximate value of INR 220m (US$4.4m) per year.
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Supplies will start from October from the company’s Jamshedpur plant.
The company is also in discussions with other OEMs in the same industry for similar volumes which will also start flowing in the current quarter.
