Synopsis:
Oriental Rail Infrastructure’s subsidiary, OFPL, received a Letter of Acceptance from the Ministry of Railways for supplying Constant Side Bearers (CCSB), and the order is valued at approximately ₹ 60 crores.
The shares of the Railway company, specializing in manufacturing, supplying, and trading products for the Indian Railways and other industries, jumped 4 percent upon receiving a Letter of Acceptance from the Ministry of Railways, Government of India
With a market capitalization of Rs. 1,163.96 crores on Friday, the shares of Oriental Rail Infrastructure Ltd jumped by 3.8 percent, reaching a high of Rs. 182.65 per share compared to its previous closing price of Rs. 175.80 per share.
Oriental Rail Infrastructure Ltd, engaged in manufacturing, supplying, and trading products for the Indian Railways and other industries, through its wholly owned subsidiary, Oriental Foundry Private Limited (OFPL), has received a Letter of Acceptance (LoA) from the Ministry of Railways, Government of India.
The order is for the manufacture and supply of Constant Side Bearers (CCSB) for Broad Gauge (BG) Bogie Wagons. The order, valued at approximately Rs. 60 crores, comes from a tender issued by the Railways.
OFPL has fulfilled a key requirement by submitting the necessary bank guarantee, and the formal purchase order is expected to be issued soon. The company will provide further updates once the official order is received, including details about the contract value and other important terms. This announcement is made for the information and records of stakeholders.
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Financials & Others
The company’s revenue declined by 4.1 percent from Rs. 123.06 crore to Rs. 117.90 crore in Q1FY25-26. Meanwhile, the Net profit rose from Rs. 5.86 crore to Rs. 5.87 crore during the same period.
Oriental Rail Infrastructure Ltd (ORIL) is a prominent Indian manufacturer specializing in railway components. Established with a focus on innovation and quality, ORIL has become a trusted supplier for the Indian Railways. The company offers a diverse range of products, including seats and berths, compreg boards, silicon foam blocks, shuttering plates, and lavatory doors.
The company, with a legacy of 30 years, is engaged in the manufacturing and supply of various products for major industries, including Indian Railways. It holds a 50% market share in several items related to seats and berths, and its seats are used across all types of railway coaches.
Its wholly owned subsidiary, Oriental Foundry Pvt. Ltd. (OFPL), manufactures heavy engineering equipment such as railway rolling stock. Both companies are aligned with the “Make in India” Swadeshi movement, emphasizing indigenous manufacturing and self-reliance.
The company has a set of marquee clients such as BHEL, Jindal Rail Infrastructure, Titagarh Railways, BEML, CONCOR, Amtek, Modern Industries, JMC Projects India Ltd, Hindustan Fiberglass Works, and many more.
Written by Sridhar J
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