Upper Circuit Alert & Rs 1,349.65 Crore Order Book: Rail Infrastructure Company Bags New Order Worth Rs 1,61,21,160 From Indian Railways
The stock gave multibagger returns of 190 per cent in just 2 years and a whopping 8,000 per cent since its listing in 2005.
On Thursday, shares of Oriental Rail Infrastructure Ltd hit a 5 per cent upper circuit to Rs 154.50 per share from its previous closing of Rs 147.15 per share. The stock’s 52-week high is Rs 445 per share, while its 52-week low is Rs 137.20 per share.
Oriental Rail Infrastructure Limited has announced a significant order acquisition from North Western Railways, Ajmer, a division of Indian Railways, valued at Rs 1,61,21,160.00. This domestic order entails the supply of 66 sets of PU Foam as Cushion Material for retrofitting berths and seats, with delivery required by September 6, 2026. Payment terms specify 95% upon inspection certificate and proof of dispatch and the remaining 5% after receipt and acceptance of the goods by North Western Railways, Ajmer.
Earlier, the company secured a domestic order valued at Rs 1,63,54,800 from Integral Coach Factory (ICF), Chennai, Indian Railways, for the supply and installation of 5 sets of one coach set of Chair Car Seats for Train Set MC, TC, MC2 Coaches. Delivery is to be made to Furnishing Depot/ICF, Chennai, by May 4, 2025, with full payment contingent upon receipt, inspection, and acceptance of the goods by the consignee.
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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.
As of December 2024, an ace investor, Mukul Agrawal, owns a 5.27 per cent stake in the company. The stock gave multibagger returns of 190 per cent in just 2 years and a whopping 8,000 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.