Receipt of order from Railway Board, Ministry of Railways, Government of India by Oriental Foundry Private Limited, a Wholly-Owned Subsidiary of the Company.
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's wholly-owned subsidiary Oriental Foundry Private Limited has secured an order worth Rs. 60,87,45,948.70 (~Rs. 60.87 Crores) from the Railway Board, Ministry of Railways, Government of India. The order is for manufacture and supply of 1,05,000 Constant Side Bearers (CCSB) for BG Bogie Wagons under tender No. 2025RSI1742TC. Execution timeline is 18 months from the date of the purchase order. Payment terms are 90% against inspection and dispatch, with the balance 10% after acceptance. This is a domestic order with no related-party interest involved.
This is a sizeable order from a government entity that strengthens the order book and provides revenue visibility over the next 18 months. Positive for the stock as it confirms continued business from Indian Railways through the subsidiary route.