Railway Order Worth ₹3.16 Crore: ORIL Subsidiary Wins New Contract from Northern Railways

A new railway order worth ₹3.16 crore has been received by Oriental Foundry Pvt. Ltd. It is a wholly owned subsidiary of Oriental Rail Infrastructure Limited (ORIL) and operates in the railway infrastructure sector. The new order involves the manufacture and supply of high-tensile components used in freight wagons.

Key Details of Oriental Foundry’s Railway Order Worth ₹3.16 Crore

Under this latest railway order, Oriental Foundry will manufacture and supply 1,416 upgraded high-tensile centre buffer couplers. These are essential components that help connect freight wagons securely and ensure smooth train operations.

Is This Railway Order Worth ₹3.16 Crore A Related Party Transaction? 

Oriental Rail Infrastructure has confirmed that this railway order worth ₹3.16 crore involves no related party transactions. Additionally, neither the promoter group nor any affiliated company has any stake in Northern Railways. The contract includes clear and structured payment terms:

• 95% payment will be released against a Receipted Challan and Inspection Certificate.
• The remaining 5% will be made after submission of a Receipt Note.

Oriental Foundry Share Price Performance 

While the Oriental Foundry share price has declined 43.24% over the past year, it has still delivered an impressive 283.45% return over five years, indicating long-term resilience. This fresh contract adds strength to Oriental Foundry’s order book and reinforces ORIL’s standing as a dependable partner in India’s railway modernisation efforts.

As Indian Railways continues investing in safety, efficiency, and technology upgrades, suppliers like Oriental Rail Infrastructure are well-positioned to capture future opportunities.

Read more: Govt Tightens Quality Control Rules to Improve Railway Equipment Grade By 10x.

Conclusion

The railway order worth ₹3.16 crore from Northern Railways marks another milestone for Oriental Foundry Pvt. Ltd. The clear disclosure of payment terms by the company aligns with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The new contract will boost Oriental Foundry order book and expand their presence in the railway component supply chain.

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