Adv
LANGUAGES
English
Hindi
Spanish
French
German
Chinese_Simplified
Chinese_Traditional
Japanese
Russian
Arabic
Portuguese
Bengali
Italian
Dutch
Greek
Korean
Turkish
Vietnamese
Hebrew
Polish
Ukrainian
Indonesian
Thai
Swedish
Romanian
Hungarian
Czech
Finnish
Danish
Filipino
Malay
Swahili
Tamil
Telugu
Gujarati
Marathi
Kannada
Malayalam
Punjabi
Urdu
07 JUNE 2026 AL CIRCLE

Steel Strips Wheels advances aluminium project as expansion plans gather pace

EDITED BY : NILANJANA BANERJEE 2MINS READ

Aluminium Alloy Wheel

Stock image for referential purposes only

Steel Strips Wheels has placed its aluminium wheel and aluminium knuckle project at the centre of its next growth phase, with construction and commissioning activities progressing at its Bhuj facility in Gujarat, India. The company is investing around INR 5 billion (USD 52.4 million) in the project, which will add an annual capacity of 1.2 million aluminium wheels and 1.1 million knuckles. 

{alcircleadd}

The expansion plan is part of a broader strategy to solidify the company's position in the platform of higher-value automotive components while reinforcing demand growth from both conventional and electric vehicle (EV) manufacturers. The new facilities are expected to achieve utilisation levels of 70 per cent or more around FY28.

Explore the relevance of red mud in the sustainable aluminium industry in A Comprehensive Analysis of Bauxite Residue (Red Mud): Sustainability, Resource Recovery and Strategic Recommendations  

Upon achieving full utilisation, the facility is projected to generate annual revenue of INR 7 (USD 73.4 million) to INR 8 billion (USD 83.86 million). Trial production is expected to begin in October 2026 and continue through January 2027.

Along with the aluminium investment, Steel Strips Wheels reported a strong FY26 performance and outlined an optimistic outlook for FY27. The company is targeting EBITDA of around INR 6.5 billion (USD 68.14 million), backed by export recovery, improvement in capacity utilisation, as well as steady growth recorded in the EV segment.

The company’s export revenue is expected to rebound to around INR 6 billion (USD 62.9 million) in FY27, while EV-related business, particularly in scooters and three-wheelers, is projected to expand by 25-40 per cent.

Eyeing future growth potential, Steel Strips Wheels is also pursuing brownfield capacity additions and operational upgrades across its manufacturing network.  

Participate in our upcoming e-Magazine - Mine to Market: ALuminium Producers & Manufacturers 2026

Google footer banner


Adv
Adv
Adv
Adv
Adv
Adv
Adv
EDITED BY : NILANJANA BANERJEE 2MINS READ

Responses

Adv
Adv
Adv
Loading...
Adv
Adv
Adv
Loading...
Reports VIEW ALL
Loading...
Loading...
Business Leads VIEW ON AL BIZ
Loading...
Adv
Adv
Would you like to be
featured with us?
Loading...

AL Circle: Aluminium Ecosystem App

A proud
ASI member
© 2026 AL Circle. All rights reserved. AL Circle is not responsible for content from external sources.