Mukul Agrawal’s portfolio stock with Rs 1,500 crore order book: This rail infrastructure company bags new orders worth Rs 12,79,86,280.91 from Indian Railways
The stock gave multibagger returns of over 100 per cent in just 3 months and a whopping 400 per cent in 1 year.
Oriental Rail Infrastructure Ltd informed that the company has secured orders worth Rs. 12,79,86,280.91 from Integral Coach Factory (ICF), Chennai, Indian Railways. The order includes manufacturing and supplying 208 sets of seat and berths for LWACCN coaches.
Earlier, the company secured an order worth Rs 55,77,37,686 from THDC India Limited (a Central PSU under the ownership of National Thermal Power Corporation Limited (NTPC), Ministry of Power other than Indian Railways). The order includes the manufacture and supply of 122 (two Rake) BOXNHL wagons and 02 brake vans. The order will be completed by January 24, 2025.
Oriental Rail Infrastructure Ltd (BSE Scrip Code: 531859) is engaged in the manufacturing, buying, and selling of all types of recron, seat & berth, compreg boards and is also engaged in trading timber woods and all its products. The company has a market cap of over Rs 1,400 crore.
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The company reported amazing numbers in its Quarterly Results and annual results. Additionally, Oriental Rail Infrastructure announced that the company along with its subsidiary company (Oriental Foundry Private Ltd) has total orders in hand of approx. Rs 1,500 crore.
The company is seeking shareholder approval to issue 75 lakh convertible warrants to the promoter at Rs 169 each, equivalent to the same number of equity shares. This follows the board's earlier decision to raise Rs 215 crore through various means, including issuing 50.56 lakh new shares to non-promoters at Rs 169 each, and ace investor Mukul Mahavir Agrawal's purchase of 34 lakh shares for Rs 57.46 crore.
The stock gave multibagger returns of over 100 per cent in just 3 months and a whopping 400 per cent in 1 year. Investors should keep an eye on this rail infrastructure stock under the radar.
Disclaimer: The article is for informational purposes only and not investment advice.
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