Steel Strips in 7.5-mln-euro supply pact with Europe co

Newswire

MUMBAI, Nov 1 (Reuters) - India's Steel Strips Wheels Ltd said on Monday it has entered into a pact with IBAT of Europe to export a minimum of 500,000 steel wheel rims over three years. Supplies will start from Jan 1, 2011, and Steel Strips expects to earn about 7.5 million euros, it said. The exports will cater to the requirement of the European aftermarket for steel wheel rims for passenger cars. (1 euro= 62.13 Indian rupees) (Reporting by Aniruddha Basu; Editing by Rajesh Pandathil)

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