Steel Strips bags Rs 110 cr order from Renault

Steel Strips Wheels bas bagged an export order valued at Rs 110 crore from Renault, France, a leading manufacturer of light commercial vehicles in Europe.

MUMBAI: Steel Strips Wheels bas bagged an export order valued at Rs 110 crore from Renault, France, a leading manufacturer of light commercial vehicles in Europe. The order is for supply of 1 million steel wheel rims over 5 years, and for one of their new vehicles to be produced in Europe.

Steel Strips expects exports to grow over 200 per cent in FY 08-09 and cross 4,25,000 wheels rims. During the quarter ended March 31, 2008, sale of wheels rims increased 24.27 per cent against the quarter ended March 31, 2007.



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