Simplex Infra - Plans To Foray Into Power Sector

Simplex To Grow Through Power And Oil Drilling

Simplex Infrastructures, one of the top-five infrastructure solutions providers in the country, plans to foray into power transmission EPC business in India and abroad. For this, it is looking for a joint venture with established companies in the field.

“We are talking to a few players in India and abroad to join us as technical partners to form a joint venture. We are working on the construction of about five power plants in India and are bidding for the contracts of about 20-25 power plants coming up in India and abroad. Power and oil drilling will be a major area of growth for us in future,” said Amitabh Mundhra, director, Simplex Infrastructures.

Indian manufacturers such as RPG group-promoted KEC International and Kalpatharu are already among the largest transmission EPC players in the world.

The Rs 1,712 crore Simplex has an order book worth over Rs 7,000 crore, with over 25 per cent of the projects coming from the industrial infrastructure sector. The company was hopeful of achieving a turnover of Rs 5,000 crore by 2010, said Mundhra.

The eight-decade-old Simplex, with the heritage of executing the works of the Supreme Court and the Howrah bridge, had forayed into oil drilling a few months ago by bagging a $22 million contract from Oil India. Amitabh Mundra said the company had bought an oil rig from China with an investment of Rs 50 crore and would soon start drilling in Assam and Orissa. Soon, the company plans to bid for more drilling projects in India and abroad and add more rigs to emerge as a major Indian player in this field.

Currently, Simplex is executing refinery projects in Qatar, and four others in India, including a major contract for Reliance’s Jamnagar refinery.

Recently, Simplex also bagged the civil works for the liquified natural gas (LNG) terminal at Dahej. Works on the two-year project worth Rs 200 crore had taken off a few days ago, he said.

The Rs 300 crore civil work for the Kudamkulam nuclear power project is on schedule and will be completed by December.

A 500X2 mw, coal-based power plant in Raigad in Maharashtra, promoted by the Jindal group, a 660X2 mw coal-based power plant in Orissa by Vedanta Resources and a Rs 180 crore hydroelectric project awarded by National Hydroelectric Power Corporation (NHPC) are among the major power projects executed by Simplex.

Source : Business Standard

Simplex Infra - Order Book Set To Swell

Simplex Infra Expecting Huge Order

According to sources, Simplex Infrastructure may be gearing up to bag another Rs 1000 crore from West Asia. The order may be for a housing project. Simplex Infra will execute the order in two to three years.

Simplex Infra management had tendered for few other orders, but refused to divulge details. The company's current order book is at about Rs 7,000 crore.

Simplex Infra had recently bagged a Rs 1,000 crore order from two overseas companies. But they are eyeing a fresh order of the same size in the Middle East. Sources say they are in the final stages of negotiation.

This order will contibute to about 12-15% of their current order book size of Rs 7,000 crore. Housing projects contibute around 28-29% of Simplex Infra's revenues. Operating profit margins are expected to be better than normal, around 12-13%. And it is expected to be a paid contract and not BOT.

If this order is executed, the revenues coming from the Middle East will go up from 30% to 35%. The rationale behind this could be that, the company is slowy trying to reduce revenues that come in from the government side from 60% to 50%. This could also be a precursor to more projects from the Middle East.

If this order comes through, the total kitty of Simplex Infra will go to Rs 8,000 crore.

Disclaimer: This is source-based information and has not been provided to the stock-exchanges.

Source : Moneycontrol.com

Simplex Infra - Bags Order

Simplex Infra Bags Rs 708cr Worth Of Cumulative Orders

Simplex Infrastructures Ltd., one of India’s leading infrastructure solutions providers, today announced bagging cumulative orders worth Rs. 708.4 crores towards civil and structural work for cement plant, hotels, ports, approach jetty, flyovers and bridges spread across the country and also in the middle east.

Commenting on this, Mr. Amitabh Das Mundhra, Director, Simplex Infrastructures Ltd. said, “We have begun the year on a healthy & positive note and we have been able to bag Rs.708 Cr. worth of cumulative projects between Jan- March-2007. We being awarded projects across the infrastructure verticals speaks about our project management and executional capabilities.”

The order book exceeds Rs. 6000 Crore. The notable projects bagged include reconstruction of Mattancherry Wharf at Cochin Port Trust, main berth and construction of approach jetty at Dahej in the marine sector. Also, the projects bagged from Dalmia Cement, Grasim Industries, and Bina Refinery are for the civil and structural work.

Source : Moneycontrol.com

Simplex Infra - Simply Superb

Simplex Infra - Net Profit Margin Increases From 2.9% To 4.1%

The third quarter Net Profit of Simplex Infrastructures Ltd. has spurted 57% to Rs. 17.3 Cr. from Rs. 11 Cr. on the back of a 69% jump in the operating profits (EBITDA) Rs. 48.6 Cr. from Rs. 28.7 Cr. during the same quarter last year. the Operating Margins (EBITDA) have improved to 11.4% from 7.7% and the net profit margins to 4.1% from 2.9%.

While the Q3 turnover increased 14% from Rs. 375 Cr. to Rs. 426 Cr., the nine month turnover has grown 21% to Rs. 1145 Cr. from Rs. 949 Cr. and the order backlog as on 31st Dec 2006 is about Rs. 5500 Cr. Considering the present trend of pick up in the momentum of work-execution the company maintain the sales growth target of 35% during the current financial year.

Commenting on the robust financial performance, Mr. BD Mundhra, Chairman and Managing Director, Simplex Infrastructures Ltd. said, “We have begun this quarter, on a positive and a healthy note, and are bullish about the forthcoming quarters as well. The company’s revenue growth is attributed to its healthy order book, which stands at Rs. 5700 Crore.”

“We are buoyant about overseas markets and are targeting 30% of the turnover from project exports. With our vast experience in handling large scale infrastructure projects, we are going to set new benchmarks in the coming quarters as well.” He further added.

The company has presence in diverse Infrastructure sectors and is planning to bid for BOT/Annuity projects in roads & highways, power transmission, ports, hydro, railways and water supply. Simplex infrastructures is also targeting turnkey, EPC, O&M projects in metal, cement, oil and gas pipelines.

Simplex Infra - Bags Orders Worth Rs. 825 Crores

Simplex Infra - To Build AHMARA GRAND PLAZA

Simplex Infrastructures Ltd., one of India’s leading infrastructure company announced that it has bagged projects worth Rs.825 Crores from the overseas and Indian market towards construction of industrial structures and piling, malls, long distance water intake and delivery systems and multistoried buildings and towers.

Over 50% of the order consists of overseas projects that include construction of The AHMARA GRAND PLAZA- a 50 floor luxury residential tower at Qatar on a complete EPC contract basis. The project order stands at Rs. 470 cr.

According to Mr. Amitabh Das Mundhra, Director, Simplex Infrastructures Ltd, “These projects are very significant projects for Simplex consolidating the company’s diversification plans. We are looking at increasing our order book position, which currently stands at Rs 5600cr (approx), not just quantitatively but qualitatively. These projects, speaks about our project management and executional capabilities and will further help us to secure other orders across all the verticals. ”

Simplex Infra - Bags Delhi Metro Rail Project

Simplex Infra Bags Rs 212 cr Contract From DMRC

Simplex Infrastructures Ltd today said it has bagged a contract worth Rs 212.11 crore from Delhi Metro Rail Corporation Ltd for construction works.

The contract entails Part Design and Construction of viaduct and structural work of Three Elevated Stations (Chattarpur, Ghitorni and Arjangarh) on Qutub Minar - Gurgaon Corridor of Delhi MRTS Project of Phase II.

Simplex Infrastructures' focus is on construction projects in segments like piling, thermal power projects and in marine construction projects. The company has an order-book of over Rs 5,000 crore, which is more than three times its FY 2006 revenue of Rs 1,342.80 crore. Simplex Infrastructures, whose overseas presence is mostly confined to West Asia, now eyes North Africa, South East and Central Asia. Overseas operations currently account for 15% of the company's order-book and 10% of revenues.

Its overseas projects at hand include the 23-km Dubai Metro project, and a project to construct roads and bridges in Sri Lanka. Simplex already has a permanent joint venture in Bahrain. Recently, the company decided to diversify into real estate development – in both commercial and residential properties. The company proposes to form a joint venture with the West Bengal Housing Board for real estate development projects.

Simplex Infrastructure reported 21.2% fall in net profit (due to seasonality of its business) for Q2 September 2006 to Rs 7.06 crore (Rs 8.96 crore). Operating revenue rose 29.8% to Rs 356.30 crore (Rs 274.50 crore). Shares of the company were trading at Rs 390.70, up 8.77 per cent at the BSE.