Simplex Infra inflates as order-book overflows

Simplex Infrastructures was up 4.76% to Rs 393 after the company said it had bagged orders worth Rs 825 crore.

As many as 45,874 shares changed hands in the counter on BSE. Simplex Infrastructures disclosed orders with an aggregate worth of Rs 825 crore, over 50% of which are from overseas.
Infrastructure development companies are going through a purple patch. The government has put development on the fast track, providing greater impetus to companies involved in civil works such as roads, water supply and santitation infrastructure, ports, bridges, flyovers etc.

Since the 1930s, Simplex has proved its competence in civil engineering, catering primarily to the core sector. Incorporated in Calcutta in 1924, as a British-owned firm, Simplex Concrete Piles (India) pioneered the introduction and development of the latest foundation engineering practices in India and south-east Asia.

During the year 1999-2000, the activity in the housing and power sector was slow and the company had to take more infrastructure projects like bridges and port works.