Simplex Castings' Order Book Surpasses ₹130 Crore, Driven by Strong Demand in Steel and Power Sectors
Simplex Castings Limited, a leading precision metallurgy and casting solutions provider, has reported robust operational performance for the first quarter of FY27. The company's order book currently exceeds ₹130 crore, signaling strong revenue visibility into the upcoming quarters.The sustained demand from India's steel and power sectors is bolstering Simplex Castings’ pipeline. The order book, which stands at more than ₹130 crore, reflects the company's capabilities in undertaking technically complex and quality-intensive projects, with execution periods generally set for 4 to 6 months.
Simplex Castings holds a significant position as the official Fabrication Partner for Steel Authority of India Limited (SAIL). This partnership highlights the company’s operational capability within the country's largest steel producer organization.
The firm continues to secure recurring orders from both domestic and global clientele, including SMS group, Hindustan Zinc, Thyssenkrupp, and BHEL. As investment and capacity additions gain momentum across the Indian steel and power sectors, Simplex Castings is strategically positioned to participate in large-scale projects demanding specialized engineering, fabrication, and manufacturing expertise.
Ketan Shah, Chairman and Executive Director of Simplex Castings, commented on the developments, stating that the strong revenue growth recorded during Q1 FY27, combined with an order book surpassing ₹130 crore, reflects the improving scale and execution capabilities of the company. He added that the association with SAIL as its Fabrication Partner and the continuous receipt of recurring orders from reputed domestic and global customers instil confidence regarding future opportunities. The management remains focused on securing advanced and larger orders from both the steel and power sectors while maintaining strict operational efficiency.
Simplex Castings Limited, which operates as an MSME Unit, possesses manufacturing facilities encompassing a Cast Iron Foundry and a Heavy Engineering & Fabrication Plant. These plants are supported by modern machining facilities, including a central machine shop equipped with numerous CNC machines, alongside an EPC Division dedicated to turnkey projects and a Design wing featuring state-of-theart tools.
Stock Price Movement
At the close of trade today, shares of Simplex Castings Ltd settled at ₹538.00, registering a decline of 0.41%. The stock experienced volatility during the day, trading between a low of ₹532.10 and an intraday high of ₹547.00.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.