Oriental Rail Infrastructure touches the roof as its arm secures order worth Rs 432 crore
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Oriental Rail Infrastructure is currently trading at its upper limit of Rs. 397.45, up by 18.90 points or 4.99% from its previous closing of Rs. 378.55 on the BSE.
The scrip opened at Rs. 397.45 and has touched a high and low of Rs. 397.45 and Rs. 397.45 respectively. So far 39528 shares were traded on the counter.
The BSE group 'T' stock of face value Rs. 1 has touched a 52 week high of Rs. 397.45 on 12-Jul-2024 and a 52 week low of Rs. 53.15 on 13-Jul-2023.
Last one week high and low of the scrip stood at Rs. 397.45 and Rs. 327.05 respectively. The current market cap of the company is Rs. 2442.69 crore.
The promoters holding in the company stood at 54.81%, while Institutions and Non-Institutions held 0.02% and 45.17% respectively.
Oriental Rail Infrastructure’s Wholly Owned Subsidiary -- Oriental Foundry has secured order worth Rs 432 crore from Railway Board, Indian Railways. The order is for manufacturing and supplying of 1,200 BVCM-C Wagons.
The 90% of total cost will be received against Inspection Certificate issued by the RDSO as specified in the contract and proof of dispatch/delivery of the material and Balance 10% after receipt, inspection and acceptance of the goods.
Oriental Rail Infrastructure is engaged in the manufacture and distribution of wood-based decorative products.
