Simplex Castings receives order from BHEL

Simplex Castings Limited has received an order worth Rs ₹7.26 Cr. from Bharat Heavy Electricals Limited, Varanasi.

The order is for Mill Side and Liner Assembly - 803 HP Mill, Separator Body Assembly - 803 HP Mill, and Separator Top - fabricated and machined items.

The work shall be completed within 7 months from the issue of work or purchase order.

This order reflects the continued trust of BHEL in the manufacturing capabilities of Simplex Castings and reinforces the company's position as a reliable supplier of high-quality castings and heavy engineering components to leading public sector enterprises in India.

Mr. Ketan Shah, Promoter, Chairman and Executive Director said: "This order further strengthens our long-standing relationship with BHEL and reflects their continued trust in our manufacturing capabilities and product quality. The order gives us immense confidence in the quality and reliability of our heavy fabrication capabilities. We are fully committed to delivering this engagement with the same consistency and just-in-time precision that our customers have come to expect. We view this as the foundation of a potentially large and enduring partnership. In parallel, Simplex is currently in advanced discussions with several prospective customers, both domestic and international, a number of whom have recently conducted on-site visits to the Company's manufacturing facilities in Chattisgarh. We believe that these engagements have the potential to translate into substantial order inflows in the near to medium term."

Shares of SIMPLEX CASTINGS LTD. was last trading in BSE at Rs. 433.95 as compared to the previous close of Rs. 441.15. The total number of shares traded during the day was 14966 in over 118 trades.

The stock hit an intraday high of Rs. 447.85 and intraday low of 427.50. The net turnover during the day was Rs. 6597185.00.

Source : Equity Bulls

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