Oriental Rail share locked in upper circuit on order win worth Rs 19.33 crore from Indian Railway

Oriental Rail Infrastructure’s stocks jumped to a new all-time high of ₹379 per share after winning a huge contract from Indian Railways.

The company secured a huge order for ₹19.33 crore, according to an exchange filing on Wednesday. 194 sets of seats for LHB GS coaches, 96 sets of seats and berths for LHB SCN coaches and 29 sets of seats and berths with MS corrugated sheet for LHB AC3T coaches are to be manufactured and supplied by Rail Coach Factory (RCF), Kapurthala, Indian Railways. These orders are expected to be delivered within the next 11 months.

With a 32-year history, the firm specializes in manufacturing and delivering a wide range of goods for the Indian railways as well as other sectors.

Established on July 25, 2014, Oriental Foundry Private Limited (OFPL), a fully owned subsidiary, is a leading manufacturer of heavy engineering equipment, including railway rolling stock, which includes wagons, bogies, couplers and draft gears.

Disclaimer: The information provided in this article is for informational purposes only and should not be considered as financial advice. The data and figures presented are based on publicly available information and may be subject to change. Before making any investment decisions, it is recommended to conduct thorough research, consult with financial advisors, and consider your individual investment goals and risk tolerance. The author and publisher of this article do not assume any responsibility for any investment decisions made based on the information provided.