Please find enclosed the Press Release on orders secured from Bharat Heavy Electricals Limited.
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Awaiting price reaction for this filing.
Simplex Castings Limited has received an order from BHEL Varanasi valued at ₹7.26 crore (₹7,25,72,500) for the supply of fabricated and machined assemblies for an 803 HP Mill used in the power sector. The order covers 10 units each of Mill Side and Liner Assembly, Separator Body Assembly, and Separator Top, all to be manufactured to BHEL's specifications. The company has described this as a 'trial' order and highlighted it as a sign of continued trust from BHEL in its manufacturing capabilities. Management indicated that the company is in advanced discussions with several domestic and international customers who have recently visited its Chhattisgarh facilities, suggesting potential for further order inflows.
The order size of ₹7.26 crore is modest and serves more as a confidence-building win and relationship reinforcement with BHEL rather than a major revenue driver. Investors may view this positively as a potential gateway to larger orders from BHEL and other PSU customers, but the near-term financial impact is limited.