Steel Strips Wheels Approves Rs1,400 Crore Aurangabad Greenfield Manufacturing Facility

Q2 standalone revenue Rs1,929.9 crore up 61% YoY, PAT Rs118.8 crore up 208%; H1 revenue Rs3,439.7 crore, PAT Rs190.3 crore. Dividend Rs1.50, record Oct 30. Approved Rs1,400 crore Aurangabad greenfield over 60 months for alloy, steel and hot-stamping via debt and accruals. Context: first hot-stamping foray beyond wheels.