Railway stock held by Mukul Agrawal, engaged in manufacturing, and supplying a wide range of railway infra-related products and services in focus upon receiving new work orders worth Rs. 3 Crores from Indian Railways.
Price Action
With a market capitalization of Rs. 1,320 Crores, the shares of Oriental Rail Infrastructure Limited were trading at Rs. 212.55 per equity share, down 3 percent from its previous day’s close price of Rs. 219.65.
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 32 sets of seats and berths with hardware for the LWSCN PP coach for a consideration of Rs. 3.05 Crores and it is to be executed by March 13, 2025.
Recent Work Orders
It recently received work orders worth Rs. 576 Crores from the Railway Board, Indian Railways involving the manufacture and supply of 33 rakes of Flat Multi-Purpose Wagons and 25 sets of seats and berths for the LHB SLR HOG coaches and 5 sets of seats and berths suitable with SS pillars for LHB AC2T coaches.
Followed by received a 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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