Oriental Veneer arm secures highest ever single value

Oriental Veneer Products Limited's wholly-owned subsidiary has won new order worth Rs. 152.31 crore from the Indian Railways. 
  
The company informed that its subsidiary Oriental Foundry Private Limited, in which it has a 100 per cent stake, has bagged an order from the Indian Railways for manufacturing and supplying wagons. The value of the order is about Rs. 152.31 crore. This is also one of the highest ever single value order bagged by the company. 
  
Oriental Veneer Products is promoted by Mithiborwala group which is involved and engaged in the manufacture of wood-based resin impregnated densified laminated boards. The company has a market cap of Rs. 323 crore on BSE. The stock recently touched its 52-week high of Rs. 72.80, while its 52-week low was at Rs. 37 per share. 
  

At 14.25 hours, the stock traded at Rs. 59.05 per share on BSE, while the Sensex showed downtrend of 1.79 per cent at 35034 level.