Register to Subscribe



Home arrow News arrow Business News arrow Steel Strips Wheels receives Rs110.00 Crores Export Order from Renault
Steel Strips Wheels receives Rs110.00 Crores Export Order from Renault Print E-mail
Written by Vijay   
Tuesday, 08 April 2008
Steel Strips Wheels Ltd has informed BSE that Renault, France, one of the largest manufacturer of cars in Europe and the leading manufacturer of light commercial vehicles, has given an export order to the Company for supply of approx 1 million Steel Wheel Rims over 5 years, valued at approx Rs 110.00 Crores.

This export order is for one of their new vehicles to be produced in Europe.

The Company expects its EXPORTS to grow over 200% in FY 08-09 and hopes to cross Export of 4,25,000 Wheels Rims in FY 08-09.

During the quarter ended March 31, 2008, the Company has registered grow 24.27% in sales of Wheels Rims as against the sale of wheels rims in the quarter ended March 31, 2007.

Steel Strips Wheels Ltd has informed BSE that the Company has achieved highest ever Production of 5.56 Lacs wheel rims during the month of March, 2008 as against 4.27 Lacs during March, 2007 recording a growth of 30.20%.

The Company has also achieved highest ever sales of 5.53 Lacs wheel rims during the month of March, 2008 as against 4.23 lacs wheel rims during the month of March, 2007 recording a growth of 30.73%.

 
Related news
More recent
Earlier on
< Prev   Next >

Sponsors

Mazak - The world's largest machine tool builder
JYOTI - India's most dynamic machine builder
TaeguTec - Cost effective tooling solutions
Advertisement

<< SHARE

Social

AD

Subscribe

Subscribe to MACHINIST by Email

Search

 
RSS 1.0
© 2019 MACHINIST
This site is best viewed with Firefox 2.0 or higher at a minimum screen resolution of 1024x768