Simplex Castings Secures ₹117.6 Million Order from BHEL

Simplex Castings Ltd announced that it has secured a ₹117.6 million order from Bharat Heavy Electricals Ltd (BHEL), one of India’s largest engineering and manufacturing firms. The order highlights Simplex’s expertise in producing high-quality castings for heavy industrial applications and underscores its growing role in India’s infrastructure and energy projects.  

Key Highlights

- Order Value: ₹117.6 million, enhancing near-term revenue visibility.  

- Client: Bharat Heavy Electricals Ltd (BHEL), a leading public sector engineering giant.  

- Scope: Supply of specialized castings for heavy engineering and power sector requirements.  

- Strategic Impact: Strengthens Simplex’s long-standing relationship with BHEL and positions the company for future collaborations.  

- Industry Context: Demand for heavy castings is rising with India’s focus on infrastructure, energy, and industrial expansion.  

- Investor Sentiment: The order is expected to improve confidence in Simplex’s order book and growth trajectory.  

This development reinforces Simplex Castings’ reputation as a trusted supplier in India’s industrial ecosystem, while also highlighting the company’s ability to secure large-scale contracts from marquee clients.  

Sources: Reuters, Bloomberg, National Stock Exchange filings