Oriental Foundry Private Limited, a wholly-owned subsidiary of Oriental Rail Infrastructure, has secured a substantial order exceeding ₹485 crore for the production and delivery of 1,200 BOXNS Wagons from Indian Railways.
The recent contract was awarded following an e-Tender process initiated by Indian Railways. As per the terms, Oriental Foundry is tasked with manufacturing and supplying the specified number of BOXNS Wagons. The payment structure entails 90% of the total cost upon the issuance of an Inspection Certificate by the RDSO, aligned with the contract’s specifications, and proof of dispatch or delivery. The remaining 10% will be settled after the goods undergo receipt, inspection, and acceptance. The period of order execution is December 31, 2025.
The stock witnessed a significant uptick of 4.46% on the BSE, reaching ₹166.45 in response to this positive development.
Oriental Rail Infrastructure Limited, previously identified as Oriental Veneer Products Limited (‘ORIL’), is a three-decade-old enterprise involved in producing and providing various products for Indian Railways and diverse industries. Established in 1991, the company initiated its operations by creating veneer and railway products. Notably, it was officially listed on the Bombay Stock Exchange (BSE) on July 24, 1996.
