Oriental Foundry Limited, Wholly Owned Subsidiary has secured an order from Western Railway for Knuckles
Price
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Awaiting price reaction for this filing.
Oriental Foundry Private Limited, a wholly-owned subsidiary of Oriental Rail Infrastructure, has won an order worth Rs. 1,73,55,522.60 (about Rs. 1.74 crore) from Western Railway. The order is for the manufacture and supply of 1,934 Knuckles used in Upgraded High Tensile Centre Buffer Couplers for freight stock wagons. Execution is to be completed by July 31, 2026, with 95% payment against delivery challan and the remaining 5% after acceptance. The order was awarded through Western Railway's E-Tender and is a domestic contract.
This is a small-ticket government (railway) order for the subsidiary and is positive but not transformative. It adds to the order book and reinforces the company's role as a railway components supplier, with limited immediate impact on the stock.