Simplex Castings soars 20% on order from Indian Railways

The company received an order worth Rs 54 crore from Diesel Locomotive Works, owned by Indian Railways

Electrosteel’s casting plant in West Bengal

Simplex Castings was locked in 20% upper circuit at Rs 61.95, also its 52-week high on the BSE, after the company announced that it has received an order worth around Rs 54 crore from Diesel Locomotive Works (DLW), owned by Indian Railways. The order will be executed by the company in the next three quarters.

This worthy order will be add-on to performance of the company in current financial year. The above mentioned order is approximately 31% of total turnover of the company in previous financial year 2014-15, it added.

Till about 64,000 shares changed hands and there were pending buy orders for 7,455 shares on the BSE.