Steel Strips Wheels touches roof on getting nod to set up greenfield manufacturing facility in Maharashtra
Steel Strips Wheels is currently locked at its upper circuit limit of Rs. 469.70, up by 78.25 points or 19.99% from its previous closing of Rs. 391.45 on the BSE.
The scrip opened at Rs. 385.15 and has touched a high and low of Rs. 469.70 and Rs. 380.00 respectively. So far 1309890 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 469.70 on 23-Oct-2026 and a 52 week low of Rs. 169.00 on 30-Mar-2026.
Last one week high and low of the scrip stood at Rs. 469.70 and Rs. 380.00 respectively. The current market cap of the company is Rs. 7059.63 crore.
The promoters holding in the company stood at 61.21%, while Institutions and Non-Institutions held 9.74% and 29.04% respectively.
Steel Strips Wheels (SSWL) has received approval for the proposal for setting up of state-of-the-art greenfield manufacturing facility at Chhatrapati Sambhajinagar (Aurangabad), Maharashtra for the manufacturing of Alloy wheels, Steel Wheels for Passenger Vehicles & OTR, and Hot Stamping Line, subject to grant of requisite approvals and clearances. The estimated total project outlay is expected to be Rs 1400 crore spread over an estimated time period of 60 months. The Board of Directors of the company at their meeting held on October 23, 2026 has considered and approved the same.
