Rs 1,500 crore order book and 450 per cent multibagger returns: Mukul Agrawal-backed rail infrastructure stock bags new order worth Rs 1,92,22,200 from Indian Railways!
Shares of the company have gained more than 30 per cent in the last six months.
Oriental Rail Infrastructure Limited has secured a Rs. 1.92 crore order from Modern Coach Factory (MCF), Raebareli, for the supply of 30 sets of seats and berths for LWSCN coaches. The order mandates delivery to MCF's furnishing depot and stipulates 100 per cent payment upon inspection and acceptance of the material. This domestic order is scheduled for completion by September 29, 2024.
Recently, the company 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. 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. Ace investor Mukul Agrawal has 5.53 per cent stake in the company.
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Oriental Rail Infrastructure Ltd 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. 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 stock has also delivered multibagger returns of more than 450 per cent in the last one year.
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.
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