Execution of MoU and submission of bid by Oriental Foundry Private Limited, the Wholly-Owned Subsidiary of the Oriental Rail Infrastructure Limited
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Oriental Rail Infrastructure's wholly-owned subsidiary, Oriental Foundry Private Limited, has signed a MoU with Hum Industrial Technology, Inc., USA, to bid jointly for an RDSO Smart Wagon tender for the 'Bearing & Wheel Health Monitoring Module' project (346 units) floated by the Ministry of Railways. Oriental Foundry is the lead JV member (51% stake) and Hum Industrial is the non-lead member (49%). The bid was submitted on April 30, 2026. If awarded, the project will be executed through a dedicated Indian JV entity called 'Hum Oriental Systems Private Limited'.
This announcement signals the company's expansion into smart railway monitoring technology via an international JV. While the tender outcome remains uncertain, the partnership with a US technology firm could be seen positively by investors as it diversifies the company's business profile.