Simplex Infra bags Rs630cr order in Middle-East

Mumbai: Engineering firm Simplex Infrastructure today said it has bagged a ₹ 630-crore order in the Middle East.

In a filing to the Bombay Stock Exchange Simplex said it has bagged the order for construction of a twin-tower complex in Dubai, which would add to its overseas revenue.

“This project would provide impetus to us in further capitalising on the emerging prospects in the national and international markets," Simplex Infrastructure Director Amitabh Das Mundhra said.

“With the business growing at over 50%, we expect about 25% revenue from overseas operations,“ he added.

Earlier, the company had secured another order worth Rs587 crore for building a residential tower in Dubai, the filing added.

Shares of the company were trading at Rs404.10, down 1.20% in the late afternoon trade on the BSE.

Milestone Alert!
Livemint tops charts as the fastest growing news website in the world 🌏 Click here to know more.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!