Oriental Rail Infrastructure Limited has been awarded a supply and installation contract worth ₹1,50,37,920 by the Integral Coach Factory (ICF), Chennai, a key unit of Indian Railways.
The scope of the contract includes the supply and installation of 18 sets of one coach set of seats and berth components for LWSCWAC/EOG coaches. The company is required to execute the order by 21st June 2025, making it a time-sensitive project.
The delivery is designated to the Furnishing Depot at ICF Chennai. Under the terms of the contract, 90% of the payment for the supply portion will be made upon submission of the inspection certificate and Provisional Physical Receipt Certificate.
The remaining 10% of the supply amount, along with 100% of the installation charges, will be paid after the consignee confirms acceptance based on an installation certificate issued by the competent authority.
Oriental Rail Infrastructure Ltd is involved in the manufacturing, purchase, and sale of various products including Recron, seats and berths, compreg boards, as well as the trading of timber wood and its related products.
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On April 22, 2025, Oriental Rail Infrastructure share price opened at ₹183.00, up from its previous close of ₹177.80. At 9:35 AM, the share price of Oriental Rail Infrastructure was trading at ₹186.65, up by 4.98% on the BSE.
This order reinforces Oriental Rail Infrastructure’s ongoing role in enhancing Indian Railways’ passenger coach facilities. Timely execution and adherence to quality standards in this order could further strengthen the company’s credibility as a reliable supplier in the rail infrastructure segment.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
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Published on: Apr 22, 2025, 9:41 AM IST
Nikitha Devi
Nikitha is a content creator with 6+ years of experience in the financial domain. Specialising in personal finance, investments, and market insights, Nikitha simplifies complex financial topics, making them accessible to readers.
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