Steel Strips Wheels bags orders worth EUR 1,78,000 from EU, US

<p style="text-align: center;"><img title="1594962414125502.png" alt="9.png" src="/ueditor/php/upload/image/20200717/1594962414125502.png"/></p><p>Auto component maker&nbsp;Steel Strips Wheels&nbsp;on Monday said it has received orders worth Euro 1,78,000 (Rs 1.51 crore) from&nbsp;the European Union&nbsp;(EU) and the US.<br/><br/>In a regulatory filing, Steel Strips Wheels Ltd (SSWL) said it has received &quot;new orders for truck and caravan trailer market from the EU and the USA. The order comprises of almost 16,000&nbsp;steel wheels&nbsp;to be executed in the month of August from its Chennai plant&quot;.<br/><br/>&quot;The revenue thus generated would be a total of Euro 1,78,000. With these repetitive orders and projections from the customers, SSWL is on its way to achieve 25 per cent year-on-year growth in 2020-21 in the export segment,&quot; the company added.<br/><br/>Last week, Steel Strips Wheels Ltd had received orders worth USD 140,000 (around Rs 1.05 crore) along with maiden order for alloy wheels from the EU market.<br/><br/>It had also bagged orders worth USD 1 million for over 1.19 lakh wheels for the US caravan trailer market.</p>