Oriental Rail Infrastructure Limited's wholly-owned subsidiary, Oriental Foundry Private Limited, has clinched a significant order from Northern Railway, marking a positive development in the railway infrastructure sector. The contract, valued at Rs. 3.16 crore, involves the manufacturing and supply of crucial components for freight wagons.

Order Details

Contract Specifics

The order, secured through an e-tender process (Tender No. 09262117), requires Oriental Foundry to manufacture and supply 1,416 Upgraded High Tensile Centre Buffer Couplers for freight stock wagons. These components play a crucial role in the coupling mechanism of freight wagons, ensuring secure and efficient train operations.

Payment Terms

The contract includes a structured payment plan:

• 95% payment against Receipted Challan and Inspection Certificate
• Remaining 5% payment against Receipt Note

Corporate Governance

In line with transparency requirements, Oriental Rail Infrastructure Limited has confirmed that this contract does not involve any related party transactions. Additionally, the company has stated that neither the promoter group nor any group companies have any interest in Northern Railway, the entity awarding the contract.

Market Implications

This order represents a positive development for Oriental Foundry Private Limited and its parent company, Oriental Rail Infrastructure Limited. It not only contributes to their order book but also strengthens their position in the railway infrastructure supply chain.

The timely disclosure of this information, in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, demonstrates the company's commitment to corporate governance and transparency, which is likely to be viewed positively by investors and stakeholders.

As the Indian Railways continues its modernization efforts, companies like Oriental Rail Infrastructure Limited and its subsidiaries stand to benefit from the increased demand for high-quality railway components. This contract serves as a testament to the company's capabilities in meeting the stringent requirements of the Indian Railways.

Oriental Rail Infrastructure Limited has clinched a significant contract worth ₹4.43 crore from the Modern Coach Factory (MCF) of Indian Railways, marking a notable achievement for the company in the railway infrastructure sector.

Contract Details

The order, valued at ₹4,43,49,120.00, involves the manufacturing and supply of 72 sets of seats and berths for LWSCN coaches. This development underscores Oriental Rail Infrastructure's growing presence in the railway equipment manufacturing industry.

Key Points of the Contract

• Client: Modern Coach Factory (MCF), Lalganj - Raebareli, Indian Railways
• Nature of Order: Domestic
• Execution Timeline: The contract is to be executed by June 05, 2026
• Payment Terms: 95% payment against inspection certificate and proof of delivery, with the remaining 5% upon acceptance of goods by the consignee

Significance for Oriental Rail Infrastructure

This contract win is a testament to Oriental Rail Infrastructure's capabilities in meeting the stringent requirements of Indian Railways. It not only adds to the company's order book but also strengthens its position as a key supplier in the railway sector.

Market Implications

The securing of this contract could potentially have positive implications for Oriental Rail Infrastructure's financial performance in the coming quarters. It demonstrates the company's ability to compete effectively for government contracts in the railway infrastructure space.

Disclosure and Compliance

In compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Oriental Rail Infrastructure has duly informed the BSE Limited about this contract. The company has confirmed that the contract does not fall under related party transactions and that no promoter or group companies have any interest in MCF.

This order from Indian Railways' Modern Coach Factory represents a significant opportunity for Oriental Rail Infrastructure to contribute to the ongoing modernization of India's railway infrastructure while potentially boosting its own growth trajectory.