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29 Mar 2018 9:31 AM, Tidings Divya Grover

Steel Strips Wheels to set up Rs.2.2 billion manufacturing facility in Pune

To manufacture steel wheels for commercial vehicles and tractors

Steel Strips Wheels (SSWL) will set up a new manufacturing facility for production of steel wheels for commercial vehicles (CVs) and tractors at Pune. SSWL plans to invest Rs.2.2 billion in the new plant which will be located within close proximity to its customers. About 60 percent of this amount will be funded through external debt and the balance through internal accruals. The company sees opportunity emerging in the commercial vehicle sector post the government’s decision to deregister CVs older than 20 years starting 2020. The concept for the new plant will be finalised over the next three months, the plant is subsequently expected to go on stream within 15-18 months. This will be the fourth plant to be set up to service this category of vehicles.

References
1. https://auto.economictimes.indiatimes.com/news/auto-components/steel-strips-wheels-to-set-up-rs-220-cr-plant-for-cvs-tractor-wheels-at-pune/63509674