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Nifty ends above 5300, gain over 2% this weekFebruary 03 2012 16:25
SSWL secures European order for wheel rims
MUMBAI (makemystocks): Steel wheel rims maker, Steel Strips Wheels Ltd (SSWL) (BOM:513262) has informed BSE that it has bagged a fresh order in the winter wheels segment in Europe from a German Company.
The order is for approximately 4,000 wheels with a very good potential for repeat business. SSWL would earn foreign exchange to the extent of Euros 45,000 with this initial order, the company said in a statement today.
This German company belongs to the CLN Group of Italy, which also owns Magnetto wheels (MW). MW is Europe's leading steel wheel producer MW has been in touch with SSWL to strengthen this relationship, it said.
The SSWL stocks made smart gains on the BSE today at Rs.257.10 up 5.8% in the morning trades.
The order is for approximately 4,000 wheels with a very good potential for repeat business. SSWL would earn foreign exchange to the extent of Euros 45,000 with this initial order, the company said in a statement today.
This German company belongs to the CLN Group of Italy, which also owns Magnetto wheels (MW). MW is Europe's leading steel wheel producer MW has been in touch with SSWL to strengthen this relationship, it said.
The SSWL stocks made smart gains on the BSE today at Rs.257.10 up 5.8% in the morning trades.
