Oriental Rail Infra hits the roof after bagging Rs 1.61-cr order from North Western Railways
As per the terms of the contract, 95% of the payment will be made upon the issuance of an inspection certificate by the nominated inspection agency, along with proof of dispatch or delivery of the material. The remaining 5% will be paid after the receipt, inspection, and acceptance of the goods.
The total order value stood at Rs 1,61,21,160 and the project is scheduled to be completed by 6 September 2026.
Oriental Rail Infrastructure is engaged in manufacturing, buying, and selling of all types of recron, seat & bearth, compreg boards, etc. The company operates only in one segment, i.e., Indian Railway products.
The company reported a consolidated net profit of Rs 7.52 crore in Q3 FY25, down 39.9% compared to Rs 12.51 crore in Q3 FY24. Revenue from operations rose 4.3% YoY to Rs 152.82 crore in Q3 FY25.