Oriental Rail Infra shares hit 5% upper circuit on bagging orders worth ₹19.3 cr; check details

Oriental Rail Infrastructure informed the exchanges in a filing on Wednesday that it has received multiple orders worth ₹19.33 crore from Rail Coach Factory (RCF), Kapurthala.

The company has bagged an order for manufacturing supplying 194 Sets of ‘Seats’ for Linke-Hofmann-Busch (LHB) General Seating (GS) coaches of the Indian Railway. The estimated date for completing the order is April 2, 2025.

The company has also bagged an order for manufacturing and supplying 96 sets of ‘Seats and Berths’ for LHB SCN coaches. According to the filing, the order will be executed by July 4, 2025.

Oriental Rail Infrastructure also received an order to manufacture and supply 29 sets of ‘Seats and Berths’ with Mild Steel (MS) corrugated sheet for Linke-Hofmann-Busch (LHB) AC 3 Tier coaches. This order will also be executed by July 4, 2025.

Oriental Rail Infrastructure informed the bourses that 95% of the payment for the three orders will be received against the inspection certificate issued by the nominated inspection agency and proof of dispatch/delivery of the material. The remaining 5% of the payment will be paid after receipt, inspection and acceptance of the goods.

Oriental Rail Infrastructure shares have been on a gaining spree on the BSE, rising 27.59% in a week and 43.8% in the last two weeks. The company's shares have gained 49.8% in the past month.

Oriental Rail Infrastructure Limited (ORIL) is engaged in the manufacturing and supply of a diverse range of components for the Indian Railways and other industries.