Oriental Rail Infrastructure Limited on December 23 informed stock exchanges that its wholly owned subsidiary, Oriental Foundry Private Limited, has secured an order worth Rs 9.26 crore from South East Central Railway, a zone of Indian Railways.
According to the regulatory filing, the order involves the manufacture and supply of 2,460 units of upgraded high-capacity draft gear for BOXNHL and BCNHL wagons. The contract has been awarded through an e-tender floated by Indian Railways and will be executed on a domestic basis.
The company said the payment terms provide for 100% payment against online CRN, offering visibility on cash flows. The execution timeline for the order is set until October 31, 2026.
Oriental Rail Infrastructure clarified that neither the promoter nor the promoter group has any interest in the entity awarding the contract. The company also confirmed that the order does not fall under related party transactions.
The development adds to the company’s order book in the railways segment and reflects continued demand for wagon components from Indian Railways, as per the disclosure filed under Regulation 30 of the SEBI Listing Regulations.
