Simplex Infrastructures has secured order worth Rs.580 crore for construction of ICTT Kochi Phase 1A terminal from Dubai Port World (DPW). The order is to be executed in two and half years and revenues from the project should start with in one month according to the company’s press release.
Simplex Infrastructures, has a healthy order book worth Rs. 8000 crore. The company continues to improve quarter on quarter margins and also these recent orders bagged by the company will also be healthy in terms of both topline and bottomline margins of the company.
Stock price of Simplex Infrastructures Limited closed at Rs. 601 down 1.93 percent on the NSE .
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