Rs 1,729.41 crore order book: This multibagger railway stock bags a major order worth Rs 1249.09 crore from Indian Railways!

Shares of the company gained more than 200 per cent in the last six months.

Oriental Rail Infrastructure Limited (ORIL) has secured an increased order for BOXNHL wagons from the Ministry of Railways (Indian Railways). The original order of 2,964 wagons has been revised to 3,055, representing an increase of 91 units. The total contract value for these wagons remains on the same terms and conditions, reaching Rs. 1,249 crores. This additional order requires delivery by August 31, 2024.

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Recently, Oriental Rail has also received a separate order worth Rs. 12.79 crore from Integral Coach Factory (ICF), Chennai, a subsidiary of Indian Railways. This order involves manufacturing and supplying 208 sets of seats and berths for LWACCN coaches. The delivery deadline for this project is December 24, 2024. Both these contracts position Oriental Rail as a key supplier for Indian Railways' rolling stock needs.

Oriental Rail Infrastructure Limited (ORIL) is engaged in the manufacturing and selling of all types of seats & berths, compreg boards, retention tanks and, also the company is engaged in the trading of timber woods and all its products. The company caters to domestic markets.

ORIL is one of the Preferred Part I vendors of Indian Railways, the major consumer of ORIL’s products. Shares of Oriental Rail Infrastructure Limited have given multibagger returns during the last three years of more than 400 per cent. Roughly, the company has an order book of Rs 1,729.41 crore.

The stock has shown tremendous growth and investors should keep a close eye on this stock.

Disclaimer: The article is for informational purposes only and not investment advice.