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DGTR recommends for continuation of anti-dumping duty on Chinese steel wheels for five more years The commerce ministry's investigation arm the Directorate General of Trade Remedies (DGTR) has recommended for continuation of anti-dumping duty on Chinese steel wheels for five more years with a view to guarding domestic players against cheap imports. In a notification, the DGTR has said that continuation of the existing duties on the imports of Flat Base Steel Wheels from China would address and mitigate the likelihood of injury to the domestic players. The DGTR has said the authorit...
DGTR recommends for continuation of anti-dumping duty on Chinese steel wheels for five more years
DGTR recommends for continuation of anti-dumping duty on Chinese steel wheels for five more years
Source: Accord Fintech
14/06/2023 3:04:35 PM
Wheels India to invest Rs 200 cr to ramp up production Automobile wheel major Wheels India Ltd has planned a capital expenditure of about Rs 200 crore in FY24, said a top company official. Speaking to reporters, Managing Director Srivats Ram said the company will be investing about Rs 200 crore this year to ramp up wheel production for commercial vehicles, tractors, aluminium wheels and windmills machining segments. Last year, the company's capex was about Rs 143 crore. According to Ram, cast aluminium wheels are looking strong and t...
Wheels India to invest Rs 200 cr to ramp up production
Wheels India to invest Rs 200 cr to ramp up production
Source: IANS
18/05/2023 5:08:23 PM
Wheels India jumps on launching flow form technology in cast alloy wheel Wheels India is currently trading at Rs. 580.95, up by 8.30 points or 1.45% from its previous closing of Rs. 572.65 on the BSE. The scrip opened at Rs. 578.15 and has touched a high and low of Rs. 585.00 and Rs. 578.00 respectively. So far 105 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 763.85 on 18-Jan-2022 and a 52 week low of Rs. 502.00 on 31-Mar-2022. Last one week high and low of the scrip stood at Rs....
Wheels India jumps on launching flow form technology in cast alloy wheel
Wheels India jumps on launching flow form technology in cast alloy wheel
Source: Accord Fintech
17/01/2023 3:20:44 PM
Wheels India starts exports of wheels rolled out with advanced flow form technology Automobile wheel major Wheels India Ltd on Monday said it has begun exports of wheels made with the flow form technology to the US market. The company said the flow form technology involves the application of pressure to the inner barrel of the wheel while spinning and after it has been casted. This process stretches and compresses the aluminum, which increases tensile strength. Wheels India rolls out cast alloy wheels with this technology, the company said. "The Flow Form Techn...
Wheels India starts exports of wheels rolled out with advanced flow form technology
Wheels India starts exports of wheels rolled out with advanced flow form technology
Source: IANS
16/01/2023 12:15:12 PM
Wheels India Q2 net down at Rs 15.14 crore A jump in interest costs, increase in material costs and pressure on the margins, and higher inventory holding due to delayed off take by overseas customers has wheeled down Q2 profit of Wheels India Ltd, a top company official said on Tuesday. Managing Director Srivats Ram also said the company is deferring some of the earlier planned capex and cutting down the inventory level to manage the interest burden. "The Reserve Bank of India (RBI) has been raising the interest rate s (rep...
Wheels India Q2 net down at Rs 15.14 crore
Wheels India Q2 net down at Rs 15.14 crore
Source: IANS
1/11/2022 7:44:23 PM
Wheels India Q4 net profit up 9.08% at Rs 27.86 cr The company reported standalone net profit of Rs 27.86 crore for the quarter ended March 31, 2022 as compared to Rs 25.54 crore in the same period last year, registering a year-on-year growth of 9.08 per cent. Net revenue of the company rose substantially by 29.25 per cent at Rs 1,101.33 crore in January-March quarter of this fiscal as against Rs 852.07 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 31.52 per cent to Rs 1,029.14 c...
Wheels India Q4 net profit up 9.08% at Rs 27.86 cr
Wheels India Q4 net profit up 9.08% at Rs 27.86 cr
Source: Dion Global Solutions Ltd
20/05/2022 4:46:58 PM
Wheels India posts Rs 20.60 crore PAT for Q3 Automotive wheels major Wheels India Ltd on Wednesday said it had closed the third quarter of FY23 with a net profit of Rs 20.60 crore. In a statement issued here, the company said it had closed the Q3 ended 31.12.2021 with a net profit of Rs 20.60 crore up from Rs 12 crore logged during the previous year corresponding period. Revenues for Q3 ended December 31, 2021 went up 57 per cent to Rs 1,007.18 crore as compared to Rs 641.74 crore registered in Q3 ended December 31, 2020. "...
Wheels India posts Rs 20.60 crore PAT for Q3
Wheels India posts Rs 20.60 crore PAT for Q3
Source: IANS
2/02/2022 2:47:55 PM
Wheels India zooms on planning Rs 100 crore capex for wind energy segment Wheels India is currently trading at Rs. 565.35, up by 52.70 points or 10.28% from its previous closing of Rs. 512.65 on the BSE. The scrip opened at Rs. 522.00 and has touched a high and low of Rs. 570.75 and Rs. 518.00 respectively. So far 22806 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 600.00 on 05-Jun-2020 and a 52 week low of Rs. 370.00 on 22-May-2020. Last one week high and low of the scrip stood at...
Wheels India zooms on planning Rs 100 crore capex for wind energy segment
Wheels India zooms on planning Rs 100 crore capex for wind energy segment
Source: Accord Fintech
24/05/2021 2:40:58 PM
Wheels India plans Rs 100 crore capex Automotive major Wheels India Ltd plans to set up a new plant to make components for windmills and also expand the capacity of its cast aluminium wheels production at an outlay of Rs 100 crore this fiscal, said top company official. "A good portion of the Rs. 100 crore capex will go into the wind segment where we will be setting up a new plant in Thervoy Kandigai near Chennai," Managing Director Srivats Ram told reporters here on Friday. "In addition, we will also be inve...
Wheels India plans Rs 100 crore capex
Wheels India plans Rs 100 crore capex
Source: IANS
21/05/2021 5:41:45 PM