Simplex Castings Ltd announced a fresh order worth ₹225 million, boosting investor sentiment. The order strengthens its position in India’s steel and fabrication industry, following recent contracts from BHEL. Shares showed positive traction in early trading, reflecting confidence in the company’s expanding order book.
Simplex Castings Ltd (BSE: SIMPLEXCAS) traded at ₹481.30, up 1% intraday, reversing a recent 3.5% weekly decline.
Market Context: The new order adds to a string of contracts, including a ₹117.6 million order from BHEL in November 2025, signaling sustained demand for its specialized castings and fabrication solutions.
Business Highlights
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Order Value: ₹225 million (approx. USD 2.7 million).
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Sector Impact: Reinforces Simplex’s role in India’s infrastructure and steel supply chain.
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Operational Strength: The company continues to expand production capacity and efficiency, aligning with India’s industrial growth and green energy ambitions.
Key Takeaways
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Fresh ₹225 million order boosts confidence.
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Stock shows recovery after recent declines.
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Growing order pipeline strengthens long-term outlook.
Sources: Reuters, MarketScreener, Economic Times