SSSteel Strips Wheels513262Capex expansion plan

Board approves proposal for greenfield wheels plant in Maharashtra with hot stamping line

Board approved a proposal for a greenfield plant at Chhatrapati Sambhajinagar, Maharashtra — alloy and steel wheels capacity plus a hot stamping line for passenger vehicles, subject to approvals.

By ScoutQuest · Fri 23 Oct 2026, 12:35 PM IST · 2 min read

Interim Dividend

Rs.1.50 per equity share of face value Rs.1

Q2 Revenue from Operations

Rs 1,92,992.15 lakh

Greenfield Plant

Chhatrapati Sambhajinagar, Maharashtra — alloy and steel wheels capacity plus a hot stamping line for passenger vehicles

The main announcement

• The board approved a proposal to set up a greenfield manufacturing facility at Chhatrapati Sambhajinagar, Maharashtra.
• The plan covers an addition to alloy wheel capacity and steel wheel capacity.
• It also brings a new product line, a hot stamping line, which the update describes as being for passenger vehicles.
• The proposal is subject to grant of requisite approvals, so this is a board-level approval of a plan rather than a plant in operation.

Dividend and other board decisions

• An interim dividend of Rs.1.50 per equity share of face value Rs.1 each has been declared.
• A record date has been fixed for deciding which shareholders are eligible for that dividend.
• Shri Pranav Tarn has been appointed Vice-President (Finance & Accounts).
• The company's arrangement to take premises on leasehold basis from AMW Autocomponent Limited has been allowed to be extended for up to 5 years commencing 26.11.2026, extendable from time to time as required, on the same terms and conditions as previously approved.

Quarter and half year in numbers (consolidated, amounts as printed in Rs lakh)

• Revenue from operations: 1,92,992.15 for the quarter ended 30 September 2026 and 3,43,973.94 for the half year.
• Profit before tax: 15,618.74 for the quarter and 24,947.05 for the half year.
• Profit after tax: 11,694.67 for the quarter and 18,639.81 for the half year.
• Paid-up equity share capital stands at 1,572.65 lakh, with shares of face value Rs.1 each.

How to read it

• For a wheel maker, a new plant together with a hot stamping line points to a wider product range and more capacity, and the intent covers both alloy and steel wheels.
• The benefit to revenue would come only once the facility is built and production starts, and the proposal is conditional on approvals being granted.
• The Rs.1.50 interim dividend is a separate cash payout to shareholders and has a record date attached for eligibility.
• The lease extension gives continuity of premises from AMW Autocomponent Limited for up to 5 years starting 26.11.2026.
• Things a shareholder may track next: progress on approvals and construction at the new site, start of production, and updates on how the expansion is funded.

Takeaway: the update combines an expansion proposal, a dividend and a set of results in one board meeting, so it can be read as a growth-and-return package, with the expansion still at the approval stage.

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