Receipt of Letter of Acceptance (LoA) for supply of Constant Side Bearers (CCSB) for BG Bogie Wagons
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Awaiting price reaction for this filing.
Oriental Rail Infrastructure Ltd's wholly owned subsidiary, Oriental Foundry Private Limited (OFPL), has received a Letter of Acceptance from the Ministry of Railways, Government of India. The order is for the manufacture and supply of Constant Side Bearers (CCSB) for BG Bogie Wagons, valued at approximately Rs. 60 crores. The subsidiary has already submitted the required bank guarantee, fulfilling a key condition. The formal purchase order is expected to be issued by the Railways in due course.
This is a positive development as it adds a Rs. 60 crore order to the order book from a government customer, providing revenue visibility. The stock may see a positive reaction, though the formal contract is still pending and actual revenue recognition will depend on execution timelines.