Oriental Rail Infrastructure Limited has secured a new order worth ₹1.62 crore from the Integral Coach Factory (ICF), Chennai, Indian Railways. The contract involves the manufacturing, supply, and installation of 15 sets of seats for Second AC Chair Car Coaches. This domestic order is expected to be executed by September 30, 2026.

The company disclosed this development in a filing submitted to BSE Limited on July 10, 2026, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The order value is specified as Rs. 1,62,48,600.00.

Order Details

The agreement outlines specific payment terms linked to the delivery and installation milestones. Up to 80% of the payment for the supply portion will be released upon the presentation of the inspection certificate and Provisional Physical Receipt Certificate. The remaining 20% of the supply payment, along with 100% of the installation charges, will be paid after the consignee accepts the stores based on the installation certificate issued by the competent authority.

The filing confirmed that neither the promoter group nor group companies hold any interest in the entity awarding the order. Furthermore, the transaction does not fall within related party transactions.

Oriental Rail Infrastructure Limited has incorporated ABOR Projects LLP as a joint venture with A B Composites Private Limited to strengthen its presence in the railways sector. The company holds a 49% stake in the newly formed entity, while A B Composites holds the remaining 51%. The Certificate of Incorporation was received from the Ministry of Corporate Affairs on July 02, 2026.

The joint venture has been established to undertake turnkey projects for railway coach refurbishment and other allied activities. This strategic investment is expected to diversify the company's business portfolio and support long-term revenue growth. The entity is yet to commence its business operations.

Oriental Rail Infrastructure will subscribe to a 49% partnership interest in the LLP by way of capital contribution aggregating to Rs. 4,90,000. The consideration involves an initial capital subscription in cash. Mr. Saleh N Mithiborwala, Whole-Time Director & Chief Financial Officer of the company, is the authorized representative on behalf of Oriental Rail Infrastructure in the LLP.

Key Details of ABOR Projects LLP

The incorporation does not fall within related party transactions, though the partners will be related parties of the company. The acquisition is being undertaken on an arm's length basis. No specific governmental or regulatory approvals were required for the incorporation.