Steel Strips Wheels Ltd: For good returns
(BSE Code: 513262) (CMP: Rs.1016.85) (FV: Rs.10)
Established in 1985, Steel Strips Wheels Ltd (SSWL) is a part of the Steel Strips group headquartered in Chandigarh. It was promoted by Rajendra Garg. Mr. Dheeraj Garg is the Managing Director. It manufactures single piece steel wheel rims in the range of 10-30 inches for passenger vehicles (PVs), multi-utility vehicles (MUVs), tractors and trucks, off the road (OTR) vehicles as well as 2 and 3-wheelers. It has a technical collaboration with Ring Techs Co. Ltd (a group company of Japan based Sumitomo Metal). It is ISO 14001:2004 and OHSAS 18001:2007 certified and soon SA 8000 and ISO/TS-16949:2002 certifications are likely.
Most of its plants are located near sea ports and clients, which gives it a competitive edge. The capacity of its 3 plants at Dappar is 10.2 million wheels, 6 million wheels at Oragadam and 1.6 million truck wheels at Jamshedpur totalling 17.8 million wheels. Its alloy wheel rim manufacturing facility is located 18 km from Becharaji (Distt. Mehsana, Gujarat) where Maruti Suzuki has put up a car manufacturing facility and ~32 km away from Honda Motor Scooter’s manufacturing facility and ~60 km away from Tata Motor's and Ford's manufacturing facilities. It is ~320 km away from the Adani port, Pipavav port and Kandla port. Its Rs.450 crore expansion for initial capacity of 2.5 million alloy wheel rims a year with paint shop facility started in Q4FY18. Its Gujarat production unit which is coming up near Maruti