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Oriental Rail Infra bags order worth Rs 37.64 crore from Indian Railways

Oct 5, 2023

By: BlinkX Research Team

Oriental Rail Infrastructure Limited stocks in focus today after the intimation of securing orders from Indian Railways.

According to the regulatory filing, the company has secured orders worth Rs 37,64,36,430.88/- from ‘Modern Coach Factory (MCF), Raebareli, Indian Railways’ for manufacturing and supplying of 542 sets of ‘Seat and Berths’, which includes 446 sets for LHB AC 3T coaches and 96 sets for LWSCN coaches.

Further, the above-mentioned order of 446 sets for LHB AC 3T coaches is to be completed/supplied upto December 31, 2024 whereas the order of 96 sets for LWSCN coaches is to be completed/supplied upto February 29, 2024, the company stated to the stocks exchanges in a filing.

On Thursday during morning trading hours, shares of Oriental Rail Infra was trading at Rs94.17 per share higher by 1.84% on the BSE.