Railway stock held by Mukul Agrawal, engaged in manufacturing, and supplying a wide range of railway infra-related products and services jumped upto 5 percent in the day’s trade upon receiving a new work order worth Rs. 3.94 Crores from Indian Railways.
Price Action
With a market capitalization of Rs. 1,410 Crores, the shares of Oriental Rail Infrastructure Limited were trading at Rs. 227 per equity share, up 3 percent from its previous day’s close price of Rs. 221.20.
What Happened
Oriental Rail Infrastructure Limited has received a new work order from Integral Coach Factory (ICF), Chennai, Indian Railways, for the supply and installation of 1,063 Nos of 3-seater complete stainless steel EMU/3 PH Coaches, for a consideration of Rs. 3.94 Crores and it is to be executed by January 31, 2026.
About the Company
Oriental Rail Infrastructure Limited is engaged in manufacturing, buying, and selling all types of Recron, Seat & Berth, and Compreg Boards, as well as trading timber woods and all its products. The Company’s products are used in various applications, including railways, automotive, consumer, and industrial engineering industries.
Ace Investor Investment
Ace Investor Mukul Mahavir Agrawal holds a 5.27 percent stake in the company, which consists of 34 Lakh Equity shares. He made a fresh position in the company in March 2024, by acquiring a 5.53 percent stake consisting of 34 Lakh equity shares.
Financials and Ratios
Its revenue from operations grew by 62 percent from Rs.115.34 Crores in Q2FY24 to Rs. 187.37 Crores in Q2FY25, accompanied by profits of Rs. 7.69 Crores to Rs. 10.46 Crores.
Written by: Bharath K.S
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