Shree Steel Wire Ropes Ltd share Price Today

Incorporated in 1972, Shree Steel Wire Ropes Ltd (SSWRL) is today a blue chip company and a leader in steel wires ropes. Operating from its modern sophisticated state-of-art plant at Khopoli. The Company is engaged in the business of production of Steel Wire Ropes, Strands, Slings, Three Pulley Type Regulating Equipments, Section Insulator Assembly and allied products. It is one of the major supplier to Railways, Port Trusts, ONGC, Oil India, Defence, Steel Plants, Dept. of Atomic Energy, Cold Fields and other major projects. Shree Wire Ropes are in extensive use in general Engineering, Shipping, Fishing, Mining, Oil Well Exploration, Construction, Aerial Application, Deep Sea Exploration and so on. The Company has introduced own Quality Machine Shop to carry out the Machining process of the casted items along with its own physical & chemical testing laboratory. Its current production is over 1000 Kgs per day. Apart from these, it is one of the major supplier for products such as "Stainless Steel Wire Ropes", "Regulating Equipment", "Traction Bond" and "Anticreep Wire Rope" to the Indian Railways. These items are required by the Indian Railways for Electrification of various railway routes throughout India. The Company is engaged in manufacturing of Wire Rope, Wire Rope Allied Products and Railway OHE products as well. Hence, it has replaced new machineries in place of old ones to increase production capacity, meet future demand, bring efficiency and reduce overhead cost. Due to prevailing market conditions, it planned for diversification in their production activity by introducing new items in manufacturing.

Shree Steel Wire Ropes share price as on 17 Jul 2024 is Rs. 38.7. Over the past 6 months, the Shree Steel Wire Ropes share price has decreased by 12.68% and in the last one year, it has increased by 17.49%. The 52-week low for Shree Steel Wire Ropes share price was Rs. 29.5 and 52-week high was Rs. 50.8.