Rs 1,500 crore order book: Mukul Agrawal-backed rail infrastructure company bags new order worth Rs 4,32,15,97,524 from Indian Railways
The stock gave multibagger returns of 575 per cent in just 1 year and a whopping 6,500 per cent in a decade.
On Friday, shares of Oriental Rail Infrastructure Ltd were locked in a 5 per cent upper circuit to Rs 397.45 per share from its previous closing of Rs 378.55 per share. The stock also made a fresh new 52-week high of Rs 397.45 per share while its 52-week low is Rs 53.15 per share.
Oriental Rail Infrastructure Ltd has announced that its wholly-owned subsidiary, Oriental Foundry Private Limited, has successfully secured a domestic order worth Rs 4,32,15,97,524 from the Railway Board, Indian Railways, for the manufacturing and supply of 1,200 BVCM-C Wagons. This order was awarded against e-Tender No. 2024RSI9542TC. The contract stipulates that 90 per cent of the total cost will be disbursed upon the issuance of an Inspection Certificate by RDSO and verification of material dispatch/delivery, with the remaining 10 per cent payable after final goods inspection and acceptance. The entire order is to be executed by March 31, 2026.
Earlier, the company secured a domestic order worth Rs 19,33,83,382.04 from Rail Coach Factory (RCF), Kapurthala, Indian Railways, to manufacture and supply 194 sets of seats for LHB GS coaches by April 02, 2025, 96 sets of seats and berths for LHB SCN coaches by July 04, 2025, and 29 sets of seats and berths with MS corrugated sheet for LHB AC3T coaches by July 04, 2025. The order stipulates delivery to RCF's Furnishing Depot and payment terms of 95% against an inspection certificate from a nominated agency and proof of dispatch/delivery, with the remaining 5% payable upon inspection and acceptance of the goods.
DSIJ’s ‘Micro Marvel' service recommends micro-cap stocks with the potential to grow multifold in long run. If this interests you, do download the service details here.
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 2,400 crore. 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.
As of June 2024, an ace investor, Mukul Agrawal owns a 5.53 per cent stake in the company. The stock gave multibagger returns of 575 per cent in just 1 year and a whopping 6,500 per cent in a decade. 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.
Also Read: Turnaround story in this multibagger aerospace & defence stock with 31,500 per cent returns; Hit upper circuit & PAT jumps over 1,700 per cent