Oriental Rail Infrastructure has officially received Railway Board approval for its wholly owned subsidiary Oriental Foundry Private Limited to operate as a Wagon Leasing Company (WLC) under the Wagon Leasing Scheme of Indian Railways. The company announced this significant regulatory milestone through a formal communication to BSE Limited under Regulation 30 of SEBI Listing Regulations.

Official Railway Board Approval

The Ministry of Railways, Railway Board, has granted registration to Oriental Foundry Private Limited as a Wagon Leasing Company, enabling it to offer railway wagons on lease for operations on the Indian Railways network. This approval follows the subsidiary's application submitted in December 2025 for registration under the Wagon Leasing Scheme.

Strategic Business Expansion

The WLC registration represents a strategic expansion for Oriental Rail Infrastructure into the wagon leasing segment, complementing its existing capabilities in wagon manufacturing. This development is expected to enhance the company's long-term business visibility and strengthen its position in the freight mobility value chain through comprehensive service offerings.

Market Positioning and Value Creation

The approval enables Oriental Rail Infrastructure to establish a stronger presence across the wagon building, leasing, and rail logistics ecosystem. The company anticipates that this diversification will create operational synergies and contribute to long-term value creation for stakeholders by offering integrated solutions in the railway infrastructure sector.

Oriental Rail Infrastructure Limited has secured a substantial order from Indian Railways, marking a significant business development for the company. The order, valued at ₹49.00 crores, was awarded by Integral Coach Factory (ICF), Chennai, and represents a major contract in the railway infrastructure sector.

Order Details and Specifications

The comprehensive contract encompasses manufacturing, supply and installation services for railway infrastructure components. The order details are as follows:

Payment Structure and Terms

The contract features a structured payment mechanism. The payment terms include:

• 90% of the supply portion payable upon proof of inspection certificates and Provisional Physical Receipt Certificate
• Remaining 10% of the supply portion and 100% installation charges released after receipt and acceptance of stores by the consignee, based on installation certificates issued by competent authority

Regulatory Compliance

Oriental Rail Infrastructure Limited disclosed this order receipt in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure follows SEBI circulars:

• SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024
• SEBI/HO/CFD/CFD-PoD-2/P/CIR/2025/25 dated February 25, 2025

This ensures transparency in material contract announcements.

Business Impact

This domestic order strengthens Oriental Rail Infrastructure's position in the railway sector. The company confirmed that:

• No related party transactions are involved in the contract
• Promoters, promoter groups, or group companies have no interest in the awarding entity, ensuring arms-length transaction compliance