Steel Strips to set up new wheel rims plant

Steel Strips to set up new wheel rims plant

Indian Steel Strips Wheels Ltd is planning to set up a steel wheel rims manufacturing plant with an annual capacity of 3 million. The company is going to invest around Rupee 900 million ($19.7 million) for the project, which will be built on 20 acres of land in Hosur near Bangalore. The wheel rims will be used in passenger cars and multipurpose vehicles.