Oriental Foundry Private Limited, a Wholly Owned Subsidiary has secured an order from Southern Railway.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Oriental Rail Infrastructure Ltd's wholly-owned subsidiary, Oriental Foundry Private Limited, has won an order worth Rs. 2,93,86,602 (about Rs. 2.94 crore) from Southern Railway, Indian Railways. The order is for the manufacture and supply of 826 units of Coupler Body with Shank Wear Plate under Southern Railway's E-Tender No. 44250275. The order is domestic, to be executed by September 30, 2026. Payment terms are 95% against inspection certificate and the remaining 5% after receipt and acceptance by the consignee. The company has confirmed there is no promoter or related party interest in the awarding entity.
The order strengthens the subsidiary's order book and provides revenue visibility into FY27, but at ~Rs. 2.94 crore it is a modest-sized contract. Stock reaction will depend on how this compares to the company's overall revenue base, and investors should watch for further order wins to build conviction.