Simplex Castings has received an approval to raise funds for an amount not exceeding of Rs 40 crore by way of issue of convertible equity warrants on preferential basis to Non-promoters of the company. The Board of Directors of the company at its meeting held on February 10, 2018, approved the same.
Simplex Castings a Simplex Group company is engaged in manufacturing of engineering castings in various grades for core industrial sector like steel, power, railroad equipment, mining, cement, defence, sugar and other specialized areas in as cast, machined and in assembled condition.
