Simplex Castings Limited, in collaboration with a consortium of organizations, is pioneering a revolutionary initiative to establish India's first green hydrogen-powered Direct Reduced Iron (DRI) plant. This project, with a production capacity of 40 tons per day, is in line with India's National Green Hydrogen Mission and the sustainability objectives of the Ministry of Steel and the Ministry of New and Renewable Energy. By incorporating green hydrogen as the primary reducing agent, the project aims to significantly cut carbon emissions and produce only water as a byproduct. The venture, costing approximately Rs 230 crore, has received substantial government support, emphasizing India's dedication to green hydrogen technology. Besides environmental advantages, the project is set to boost economic growth, create job opportunities, and enhance local supply chains, positioning India as a pioneer in sustainable steel production. Simplex Castings Ltd., a renowned manufacturer of various castings, including SG Iron and Steel, operates two advanced manufacturing units in Bhilai and Tedsara. With a market cap of Rs 231 crore, the company has seen a remarkable multifold increase in stock returns. The initiative not only underlines the company's commitment to sustainability but also presents a scalable model for the industry's future. Investors are advised to monitor this micro-cap stock for potential growth opportunities.