Please find enclosed the Press Release on orders secured from Bharat Heavy Electricals Ltd. and Paharpur Cooling Towers Ltd.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Simplex Castings has won two new fabrication orders worth a combined ₹12.57 Crores. The first is from Bharat Heavy Electricals Ltd (BHEL), Trichy, valued at ₹11.76 Crores for supplying 1,401 metric tonnes of column, auto weld, and general fabrication work for the DVC Raghunathpur Projects, to be completed in 10 months. The second is from Paharpur Cooling Towers Ltd worth ₹80.73 Lakhs for 90 metric tonnes of supporting structures and handrails, to be delivered in 3 months. Both are domestic orders and not related-party transactions. Management says the wins strengthen the order book and revenue visibility for upcoming quarters.
Positive for the stock in the short term — the BHEL order is sizeable for a small-cap company and adds meaningful revenue visibility, though execution over 10 months means the benefit will be spread out. Watch for follow-up order flow from marquee clients as signalled by management.