Simplex Castings Receives RDSO Approval, Expanding Opportunities in Cast Steel Bogies

Simplex Castings Limited (BSE: 513472), India's leading precision metallurgy and casting solutions company, has received approval from the Research Designs & Standards Organisation (RDSO), Ministry of Indian Railways, for prototype testing of Cast Steel CASNUB Bogie and its critical components for railway wagon applications.

The approval has been granted under RDSO's fresh registration process for multiple railway bogie components, including Cast Steel Side Frames, Cast Steel Bolsters, Centre Pivot Assemblies, and CASNUB 22HS/22HS(M) & 22RFT Bogies. The prototype testing will be carried out in accordance with RDSO specifications and quality requirements.

The Indian Railways ecosystem continues to present significant long-term opportunities for the company driven by modernization of trains, freight corridor expansion, and increasing demand for advanced wagon components. This approval positions Simplex Castings to tap into the expanding domestic railway market and bid for Railway tenders. The company looks forward to leveraging its established position as one of the legacy players, having historically held a 60- 70% market share in cast bogies.

The company's marketing team is actively tracking and bidding on relevant tenders, and the manufacturing facility is currently undergoing capital expenditure to support bogie production at scale. The Railway business is expected to be a core revenue contributor for the company going forward, with the potential to generate ₹50 Crore in revenue by the end of this financial year, and upwards of ₹100 Crore in revenue by the end of next financial year.

Commenting on the development, Mr. Ketan Shah, Chairman and Executive Director said: stated: "Receiving RDSO approval is an important milestone for the Company and reflects the strength of our legacy in Bogie manufacturing and quality systems. Over the years, we have consistently strengthened our position in the engineering and railway components space through a strong focus on quality, execution, and customer trust. The railway sector, with this approval, presents a significant long-term opportunity, supported by increasing investments in infrastructure and freight mobility, and we believe this approval will help us further scale our participation in this segment. We built this company on the back of our railway business, and we are now rebuilding that chapter with the same focus on quality and execution that defined us earlier."

Shares of SIMPLEX CASTINGS LTD. was last trading in BSE at Rs. 485.30 as compared to the previous close of Rs. 459.20. The total number of shares traded during the day was 99306 in over 883 trades.

The stock hit an intraday high of Rs. 494.00 and intraday low of 450.50. The net turnover during the day was Rs. 47585810.00.

Source : Equity Bulls

Keywords

SIMPLEXCASTINGS INE658D01011 RDSOApproval CastSteelBogies