Please find enclosed the Press Release on Receipt of Significant MoD Orders from Mazagon Dock Shipbuilders.
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Awaiting price reaction for this filing.
Simplex Castings has won a ₹4.30 crore order from the Ministry of Defence, routed through Mazagon Dock Shipbuilders (MDL), to supply critical propulsion-system castings for six 7,500 DWT Multi-Purpose Vessels (Yard Nos. 21001–21006). The scope covers Stern Boss Castings, Forward Stern Tube Castings, Test Coupons and complete design-linked documentation, with delivery expected within 6–8 months. The components require DNV-approved certification and meet stringent naval specifications, placing them in the premium, higher-margin category versus standard castings. Management has described the order as a breakthrough in the company's Defence Casting portfolio and indicated expectations of recurring, larger orders as India accelerates naval modernization and shipbuilding programs.
Positive sentiment driver: gives near-term revenue visibility from a marquee defence PSU client and validates Simplex's entry into higher-margin naval castings. While the absolute order size is modest, the strategic positioning as an approved defence supplier could unlock larger repeat orders, potentially supporting a re-rating of the stock.