Oriental Rail Infrastructure jumps on securing order worth Rs 1.11 crore
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Oriental Rail Infrastructure is currently trading at Rs. 232.90, up by 5.75 points or 2.53% from its previous closing of Rs. 227.15 on the BSE.
The scrip opened at Rs. 236.00 and has touched a high and low of Rs. 236.00 and Rs. 225.00 respectively. So far 22550 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 445.00 on 19-Jul-2024 and a 52 week low of Rs. 110.40 on 17-Nov-2023.
Last one week high and low of the scrip stood at Rs. 255.70 and Rs. 225.00 respectively. The current market cap of the company is Rs. 1425.85 crore.
The promoters holding in the company stood at 54.81%, while Institutions and Non-Institutions held 0.33% and 44.86% respectively.
Oriental Rail Infrastructure has secured order worth Rs 1.11 crore from Integral Coach Factory (ICF), Chennai, Indian Railways for Supply and Installation of 14 sets of chairs for Non-AC chair car.
Delivery is to be made to Furnishing Depot/ICF, Chennai. Further, 90 % of payment to be received against Inspection Certificate issued by the nominated inspection agency as specified in the contract and proof of dispatch/delivery of the material and Balance 10 % after receipt, inspection and acceptance of the goods. The said order is expected to be completed by May 31, 2025.
Oriental Rail Infrastructure is engaged in the manufacture and distribution of wood-based decorative products.
