Micro-cap company received an order worth Rs 22.37 crore from Bhilai Engineering Corporation
DSIJ Intelligence-2 / 31 Jul 2025/ Categories: Mindshare, Trending
The stock is up by 95 per cent from its 52-week low of Rs 189.95 per share.
Simplex Castings Ltd. has announced the submission of additional details regarding a significant order received from Bhilai Engineering Corporation Ltd.. This submission, dated July 31, 2025, is in continuation of an earlier announcement on July 28, 2025.
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The order, awarded by Bhilai Engineering Corporation Ltd., is domestic in nature. It involves the supply of industrial castings according to technical specifications and delivery schedules outlined in the order. The terms include standard payment conditions and penalties for delays, with all supplies subject to inspection and quality approval. The execution period for this order is set for within 9 to 12 months from the date of the order. The broad commercial consideration or size of this order is valued at Rs 22.37 Crores, inclusive of applicable taxes and duties, for the manufacture and supply of castings/components. Simplex Castings Ltd. has confirmed that neither their promoter nor any promoter group/group companies have any interest in Bhilai Engineering Corporation Ltd., and the transaction does not fall under related party transactions.
About the Company
Simplex Castings Limited stands as a leading manufacturing organisation in India, boasting a significant global presence. The company operates well-equipped facilities, including a Cast-Iron Foundry, Steel & Alloy Foundry and a Heavy Engineering & Fabrication Plant for equipment building and structural fabrication. Each plant is complemented by modern machining facilities, including a central machine shop with numerous CNC machines, an EPC Division for turnkey projects and a design wing utilising advanced computer-aided tools.
Functioning as a comprehensive one-stop solution, Simplex Castings handles all engineering component manufacturing needs, from castings, forging and fabrication to machining, assembly and equipment building, alongside in-house testing and design capabilities. The company's plants are strategically located in Bhilai and Rajnandgaon, Chhattisgarh, a mineral-rich and heavily industrialised region in central India.
On Tuesday, shares of Simplex Castings Limited plunged 2 per cent lower circuit to Rs 368.25 per share from its previous closing of Rs 375.75 per share. The company has a market cap of Rs 266.34 crore. The stock is up by 95 per cent from its 52-week low of Rs 189.95 per share. The shares of the company have a PE of 18x, an ROE of 34 per cent and an ROCE of 24 per cent.
Disclaimer: The article is for informational purposes only and not investment advice.