Oriental Rail Infrastructure Ltd Wins Rs 1.57 Crore Contract for Coach Components from Indian Railways
Oriental Rail Infrastructure Limited has secured a substantial domestic order worth Rs 1,57,36,863.50 from the Rail Coach Factory (RCF) of Indian Railways. The contract involves the manufacturing, supply, and installation of specialized components for LHB GS coaches.The order, totaling Rs 1,57,36,863.50 (Rupees One Crore Fifty-Seven Lakh Thirty-Six Thousand Eight Hundred Sixty-Three and Paise Fifty only), is for the supply of 25 sets of 'one set of seats & berths for LHB GS coaches' to the Rail Coach Factory, Kapurthala.
Under the contract, Oriental Rail Infrastructure Limited must execute the supply by September 28, 2026.
Key Transaction Details
The agreement incorporates specific financial terms governing the payment structure. The payment is structured in two phases: 95% of the contract value will be released upon the submission of an inspection certificate issued by a nominated inspection agency, accompanied by proof of dispatch or delivery to the consignee. The remaining 5% payment will be released after the physical receipt, inspection, and final acceptance of the goods by the consignee.The transaction is categorized as a domestic contract with no identified conflict of interest or related party transaction between Oriental Rail Infrastructure Limited and the awarding entity.
A summary of the material contract details is provided below:
| Detail | Description |
|---|---|
| Contract Value | Rs. 1,57,36,863.50 |
| Awarding Entity | Rail Coach Factory, Kapurthala, Indian Railways |
| Nature of Work | Manufacturing, Supply and installation of 25 sets of 'one set of seats & berths for LHB GS coaches' |
| Contract Type | Domestic |
| Execution Deadline | September 28, 2026 |
| Payment Terms | 95% upon submission of inspection certificate; 5% upon final acceptance of goods |
Stock Price Movement
As of 11:17, Oriental Rail Infrastructure Ltd shares are dipping slightly to ₹138.00, marking a -0.07% drop for the day. The stock has seen movement through its intraday range, dipping to a low of ₹132.00 while touching a high of ₹138.10.Source:
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