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Simplex Castings has received RDSO (Research Designs & Standards Organisation) approval for prototype testing of Cast Steel CASNUB Bogies and components including side frames, bolsters, and centre pivot assemblies for railway wagons. This marks the company's return to its core railway business. The company historically held 60-70% market share in cast bogies and is targeting ₹50 crore revenue from railway business this financial year, rising to ₹100+ crore next year. Manufacturing facilities are undergoing capital expenditure to scale bogie production.
Positive for shareholders — the RDSO approval enables the company to bid on railway tenders and positions it to capture a significant share of the growing domestic railway components market, with clear revenue guidance provided.