Steel Strips Wheels Limited or SSWL informed the exchanges on Thursday regarding the receipt of a new order.
It confirmed export orders of nearly 99,000 wheels for the EU market, in a regulatory filing.
The order is to be exxecuted in the period of 3 months, starting January 2021 from its Chennai plant.
The company said that it expects orders of similar capacity from the same customer base as businesses have picked up speed.
It further added that the company is onway to cross 40% growth in its exports this year.
SSWL was trading at Rs512.30 per piece up by Rs8 or 1.59% on the BSE, at around 12.00pm.