23-Oct-2026 11:57:53
STEEL STRIPS WHEELS: APPROVES ₹1,400 CR GREENFIELD MANUFACTURING FACILITY IN MAHARASHTRA
• Major Capex: Approved ₹1,400 Cr investment for a new greenfield manufacturing facility at Chhatrapati Sambhajinagar, Maharashtra • Alloy Wheels: ₹815 Cr investment for manufacturing capacity of 25 lakh units annually • Steel Wheels: ₹410 Cr investment for 16 lakh units annually, targeting Passenger Vehicles and Off-the-Road (OTR) segments • Hot Stamping: ₹175 Cr investment for structural body parts of passenger vehicles, with capacity of 13 lakh strokes annually • Execution Timeline: Project expected to be completed within 60 months, subject to regulatory approvals • Funding: Expansion to be financed through a combination of debt and internal accruals • Growth Strategy: Aims to meet rising automotive demand, expand manufacturing capabilities and strengthen product diversification
STEEL STRIPS WHEELS LTD.