Steel Strength: Simplex Castings Bags ₹62 Crore in New Deals

Simplex Castings Limited (BSE: 513472), a leading Indian precision metallurgy and casting solutions company, has announced a series of order wins in March 2026, taking its cumulative order pipeline to ₹61.98 crore.

The key orders include ₹23.13 crore from SMS Group and ₹13.02 crore from ThyssenKrupp Group for coke oven doors, along with ₹7.23 crore from BHEL Varanasi for heavy fabrication. In addition, the company secured smaller orders worth ₹18.6 crore across fabrication and casting segments.

These contracts, largely at the trial or qualification stage with high-value clients, are expected to open avenues for larger and higher-margin opportunities. The company noted that consistent execution and delivery performance on these initial orders could lead to repeat business from major global steel players.

Simplex Castings, recognized as a global leader in coke oven door manufacturing, also highlighted that upcoming large-scale project announcements by steel producers are likely to generate further order inflows, strengthening its growth pipeline.

Commenting on the development, Ketan Shah, Chairman and Executive Director, said the wins reflect not only the value addition to the order book but also the strong credibility of its customer base. He added that partnerships with reputed organizations such as BHEL and ThyssenKrupp reinforce the company’s engineering capabilities, reliability, and standing in the global steel industry. He also noted that March has traditionally been a strong month for order conversions and that the current momentum, coupled with relationships built with leading clients, positions the company for sustained future growth.

News by Rahul Yelligetti.