Receipt of award by Oriental Foundry Private Limited, wholly-owned subsidiary of the Company.
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Oriental Rail Infrastructure's wholly-owned subsidiary Oriental Foundry Private Limited has secured an order worth Rs. 1.10 crore from North Western Railway (part of Indian Railways). The order is for manufacturing and supplying 1,230 knuckles used in Upgraded High Tensile Centre Buffer Couplers for freight stock wagons. The contract is domestic, must be executed by November 30, 2026, and payment terms are 95% against receipted challan with the remaining 5% against Receipt Note. The order was awarded via North Western Railway's E-Tender No. 37253043.
The order adds to the order book of the subsidiary but is relatively small in value (around Rs. 1.10 crore), so direct impact on Oriental Rail Infrastructure's stock is likely limited. It does, however, reinforce the company's position as a supplier to Indian Railways, which is a positive qualitative signal.