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Corporate
Simplex Infra bags Rs 630-cr order in Middle-East

MUMBAI: Engineering firm Simplex Infrastructure on Wednesday said it has bagged Rs 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, Mr Amitabh Das Mundhra said.

With the business growing at over 50 per cent, we expect about 25 per cent revenue from overseas operations,'' he added.

Earlier, the company had secured another order worth Rs 587 crore for building a residential tower in Dubai, the filing added.

Shares of the company were trading at Rs 404.10, down 1.20 per cent in the late afternoon trade on the BSE. - PTI

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