Oriental Rail Infrastructure Secures Contract Worth Rs 3,36,30,000 from Modern Coach Factory
Oriental Rail Infrastructure Limited has secured a contract valued at Rs 3,36,30,000.00 from Modern Coach Factory (MCF), Raebareli, Indian Railways. This domestic works contract involves the in-house manufacturing of seat and berth sets for LWS(DDG) coaches.The order signifies a business agreement where Oriental Rail Infrastructure will execute specified railway works at rates defined in the contract schedule. The contract dictates that payment will be made by the Railway based on satisfactory execution and certification of the work, with final settlement occurring upon completion.
Key details regarding the contract are as follows:
| Detail | Specification |
|---|---|
| Awarding Entity | Modern Coach Factory (MCF), Raebareli, Indian Railways |
| Contract Value | Rs 3,36,30,000.00 |
| Nature of Work | Works contract for the in-house manufacturing of 50 sets of seat and berth for LWS(DDG) coaches |
| Type of Entity | Domestic |
| Execution Deadline | March 02, 2027 |
The contract involves no relationship between the promoter group and the awarding entity, nor is the order classified as a related party transaction. This agreement ensures that Oriental Rail Infrastructure will deliver the required components under the stipulated terms and conditions to MCF.
Stock Price Movement
Shares of Oriental Rail Infrastructure Ltd today slipped by 3.16% to settle at ₹108.90 in post-market trading. The stock witnessed intraday volatility, trading between a low of ₹107.60 and a high of ₹114.00.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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