Oriental Rail Infrastructure Secures Order Worth Rs 1.62 Crore from Indian Railways
Oriental Rail Infrastructure Ltd has secured a contract worth Rs 1,62,48,600.00 from Integral Coach Factory (ICF), Chennai, Indian Railways. The order involves the manufacturing, supply, and installation of specialized coach seating units for the railway operator.The contract confirms that Oriental Rail Infrastructure will be responsible for the manufacture, supply, and installation of 15 sets of 'one coach set of seats for Second AC Chair Car Coaches.' This domestic order was awarded by a domestic entity.
A key component of the agreement involves the payment structure and execution timeline. The delivery is stipulated to ICF, and the payment terms dictate that up to 80% of the supply portion will be made upon provision of an inspection certificate and Provisional Physical Receipt Certificate. The remaining balance payment of 20%, along with all installation charges, will be released after the stores are received and accepted by the consignee based on the final installation certificate issued by a competent authority.
The order is scheduled to be executed by September 30, 2026.
Key details regarding the contract are presented below:
| Detail | Specification |
|---|---|
| Awarding Entity | Integral Coach Factory (ICF), Chennai, Indian Railways |
| Order Value | Rs 1,62,48,600.00 |
| Nature of Work | Manufacturing, supply and installation of 15 sets of 'one coach set of seats for Second AC Chair Car Coaches' |
| Entity Type | Domestic Entity |
| Contract Timeline | September 30, 2026 |
Oriental Rail Infrastructure confirmed that the awarding entity does not have any promoter group interest, nor would the transaction fall under related party transactions.
Stock Price Movement
Oriental Rail Infrastructure Ltd shares closed lower today, settling at ₹116.65, after declining 0.09%. The stock traded within a range during the day, hitting a low of ₹116.20 but peaking at an intraday high of ₹120.00.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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.