
Simplex Castings Secures £11.76 Crore Order from Bharat Heavy Electricals and ₹80.73 Lakh Order from Paharpur Cooling Towers
Simplex Castings Limited, a leading Precision Metallurgy company in India, has announced the receipt of two significant fabrication orders from Bharat Heavy Electricals Limited (BHEL) and Paharpur Cooling Towers Limited. The BHEL order, valued at £11.76 Crores, is for the supply of 1401 MT of Column, Auto Weld, and General Fabrication on a Vendor Material (OVM) basis for the DVC Raghunathpur Projects. The Paharpur Cooling Towers order, worth ₹80.73 Lakhs, is for the fabrication and supply of 90 MT of supporting structures, handrails, and crate fabrication. Both contracts are from reputable domestic entities and do not constitute related party transactions. These orders are expected to positively impact Simplex Castings' business outlook, strengthening their order book and revenue visibility over the next several quarters.
Key Highlights
- Simplex Castings secures a £11.76 Crore order from Bharat Heavy Electricals Limited (BHEL) for the supply of Column, Auto Weld, and General Fabrication
- The BHEL order is for the DVC Raghunathpur Projects with an execution period of 10 months
- Simplex Castings also secures a ₹80.73 Lakh order from Paharpur Cooling Towers Limited for the fabrication and supply of supporting structures, handrails, and crate fabrication
- These orders are from reputable domestic entities and do not constitute related party transactions
- These orders are expected to positively impact Simplex Castings' business outlook, strengthening their order book and revenue visibility over the next several quarters