Rs 1,349.65 Crore Order Book: Rail Infrastructure Company Bags New Order Worth Rs 5,87,21,520 From Indian Railways

The stock gave multibagger returns of 275 per cent in just 2 years and a whopping 18,000 per cent since its listing in 2005.

Oriental Rail Infrastructure Limited has secured an order worth Rs 5,87,21,520 from Integral Coach Factory (ICF), Chennai, a domestic entity. The order entails the supply and installation of 44 sets of Seats and Berths with hardware for the LWS PP Coach. Delivery is to be made to Furnishing Depot/ICF, Chennai. Payment terms stipulate 90% upon inspection certificate issuance and proof of dispatch/delivery, and the remaining 10 per cent after goods receipt, inspection, and acceptance. The order is to be executed by February 22, 2025.

Earlier, secured an order worth Rs. 5,18,34,709.60 from Modern Coach Factory (MCF), Raebareli, Indian Railways, for the manufacturing and supply of 25 LHB Non-AC Second Class Deendayalu (LWSDD) Coaches on a turnkey basis. A domestic entity awarded the order. Delivery is to be made to the MCF Raebareli Furnishing Depot. Payment terms include 70% upon material receipt and acceptance by the Deputy Chief Mechanical Engineer (D/Fur) and the remaining 30 per cen0074 after successful coach completion. The order is to be executed by August 20, 2025.

About the Company

Oriental Rail Infrastructure Ltd (BSE Scrip Code: 531859) is engaged in the manufacturing, buying, and selling of all types of recron, seat & berth and compreg boards and is also engaged in trading timber woods and all its products. The company has a market cap of over Rs 2,000 crore. The company reported positive 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 1,349.65 crore.

According to quarterly results, the company reported net sales of Rs 186 crore and a net profit of Rs 10 crore in Q2FY25 while in its annual results, the company reported net sales of Rs 526 crore and a net profit of Rs 30 crore in FY24.

As of September 2024, an ace investor, Mukul Agrawal owns a 5.53 per cent stake in the company. The stock gave multibagger returns of 275 per cent in just 2 years and a whopping 18,000 per cent since its listing in 2005. 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.