Simplex Castings Ltd bags first order worth Rs 20 Million for TsNIIchermet

Simplex Castings Ltd bags first order worth Rs 20 Million for TsNIIchermet

Mumbai, April 30, 2024: Simplex Castings Ltd., a premier manufacturer of castings and engineering solutions has been selected as the preferred manufacturing partner for TsNIIchermet (Russia).

Simplex Castings Limited and ADJ Engineering have been selected by I.P Bardin TsNIIchermet (Russia) as partners for their designed metallurgical equipment for Indian and Russian Steel plants. Simplex Castings Limited will be responsible for manufacturing of equipment designed and developed by TsNIIchermet. The initial order is worth Rs 20 million.

Commenting on the development Ketan Shah, Chairman, said, “At Simplex we are delighted to get the first order from Chermet under the cooperation agreement. This agreement will open doors for Simplex to supply Chermet designed equipment to Indian and Russian Steel plants. Chermet is a premier Russian Central Research Institute for Iron and Steel Industry and the cooperation agreement between ADJ Engineering, Chermet and Simplex is a significant step in charting the future growth of our company. We are confident of delivering top notch quality equipment and ensuring further breakthroughs with this partnership.”