Steel Strips Wheels Limited (SSWL) informed the exchanges on Wednesday regarding the receipt of new orders from US.
The company said that it has received export orders amounting to $450K or Rs3.3cr from its market base in United States.
The orders are to be executed in early 2021 during the months of January and February. Company's Chennai plant will be taking care of the order's execution, company added.
Orders of similar capacity are anticipated by the company from the same customer base as businesses have picked up speed.
SSWL expects greater than 40% yoy growth in 2020-21, it added in the regulatory filing.
SSWL was trading at Rs522.80 per piece up by Rs5.8 or 1.12% on the BSE, at around 10.49 am.