Simplex Castings Limited received the EEPC India Special Trophy for Excellence in Exports of High-Technology Products at a regional export awards ceremony held in Bhopal on 30 December 2025, marking a recognition of the company’s sustained overseas sales of specialised engineering products.
The award was conferred at the 41st EEPC India Export Awards for the Western Region. Instituted by EEPC India, the apex body for promoting engineering exports under the Ministry of Commerce and Industry, the Special Trophy recognises consistent exports of high-technology engineering products to markets including Russia, Ukraine, Japan, Taiwan and Italy.
“We have provided some of the best-grade components, leveraging German and Japanese technologies that our teams have mastered over decades of dedication and expertise,” said Sangeeta K Shah, Managing Director of Simplex Castings Limited. “We remain focused on engineering excellence, quality and innovation to deliver value to international customers and support India’s export performance.”
A key historical milestone for the company includes being the first to export Steel Plant Equipment to Russia and entering into a technical tie-up with Tyazhprom to facilitate further projects. Looking forward, the company has strategized to scale its precision castings production to drive domestic and export growth specifically across the water, oil & gas, and chemical sectors.
The export recognition comes as the company undertakes a strategic repositioning branded internally as “Simplex 2.0”. During its second-quarter FY 2025–26 earnings conference call held on 17 November 2025, management outlined plans to transition from a predominantly steel and commodity-focused manufacturer into a diversified engineering partner, with a sharper focus on defence and railway applications. The company reported an 89 percent year-on-year revenue growth for the quarter, describing it as a record performance.
Management said the new strategy prioritises movement up the value chain by supplying sub-systems and assemblies that integrate mechanical and electrical components, rather than limiting offerings to standalone castings. The shift is intended to reduce exposure to commodity-linked cycles and improve margins through participation in specialised, higher-complexity programmes.
In defence manufacturing, Simplex is expanding its naval portfolio with castings for ship components such as A-brackets, P-brackets and stern boss castings. The company has also received trial orders for fabrication and machining of components for the Dhanush artillery gun following engagements with the Gun Carriage Factory in Jabalpur. In railways, it is pursuing both fabricated and cast bogies, with developmental orders in place for fabricated bogies and regulatory clearance processes underway for cast bogies.
The company continues to supply niche industrial equipment for steel plants, including torpedo ladle cars used for transporting liquid metal and coke oven doors. Management indicated that these specialised products remain a stable contributor to the order book.
Financially, Simplex reported quarterly revenue of INR 554 million and highlighted a reduction in total debt from about INR 1.35 billion in 2018 to around INR 500 million currently. The order book stands at approximately INR 600–700 million, with expectations of additional orders from the power sector by December 2025. The company is targeting revenue of INR 2 billion for the current fiscal year from existing facilities, with longer-term growth ambitions significantly higher.
Capital expenditure plans remain focused on incremental investments in equipment and skilled manpower rather than new plants, with management stating that execution capacity, rather than order inflow, will be the key challenge over the next few years.
Simplex Castings Limited is an Indian precision metallurgy company with manufacturing facilities encompassing cast iron foundries and heavy engineering and fabrication plants, supported by machining, design and turnkey project capabilities.
