Shares of Oriental Rail Infrastructure surged to hit the upper circuit of ₹249.60 (+4.98%) as of 9:15 AM on Tuesday after the company’s subsidiary, Oriental Foundry, secured a significant order worth ₹575.21 crore. The order is for the manufacturing and supply of 33 rakes of flat multi-purpose wagons (FMP) against the Railway Board’s e-Tender No. 2024RSl9548TC.
This development highlights Oriental Rail Infrastructure’s robust position in the railway supply sector, with the order being a substantial addition to its pipeline. The stock opened at ₹249.50 and reached a high of ₹249.60 (upper circuit), with a low of ₹249.00 and a volume of 12,671 shares. The company’s 52-week high stands at ₹445.00, while the 52-week low is ₹218.00.
The order reinforces the company’s growth trajectory in railway manufacturing and strengthens its relationship with Indian Railways.
Disclaimer: The above information is for informational purposes only and does not constitute financial advice. Investors are advised to consult their financial advisors before making any investment decisions.
