Simplex Castings gains 5% on order win from Ministry of Railways

Moneycontrol BureauShares of Simplex Castings rose more than 5 percent intraday Monday as it has bagged an order from Ministry of Railways.The company has bagged order worth Rs 18 crore from Ministry of Railways (Railway Board) for manufacture & supply of cast steel bogies for CONCOR's Container flat wagons.This order will be add-on to the performance of the company in financial year 2016-17.Earlier in the this month, the company had received an order from Mazagon Dock Shipbuilders worth of Rs 22 crore and order of Rs 8 crore from Jindal Rail Infrastructure.At 09:22 hrs Simplex Castings was quoting at Rs 112, up Rs 4.65, or 4.33 percent. It has touched a 52-week high of Rs 113 on the BSE.Posted by Rakesh Patil