Oriental Rail Infrastructure touches the roof on securing order worth Rs 1.58 crore
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Oriental Rail Infrastructure is locked its upper circuit limit at Rs. 284.75, up by 13.55 points or 5.00% from its previous closing of Rs. 271.20 on the BSE.
The scrip opened at Rs. 280.00 and has touched a high and low of Rs. 284.75 and Rs. 279.95 respectively. So far 42504 shares were traded on the counter.
The BSE group 'T' 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. 103.94 on 12-Oct-2023.
Last one week high and low of the scrip stood at Rs. 284.75 and Rs. 248.00 respectively. The current market cap of the company is Rs. 1750.05 crore.
The promoters holding in the company stood at 54.81%, while Institutions and Non-Institutions held 0.33% and 44.87% respectively.
Oriental Rail Infrastructure has secured order worth Rs 1.58 crore from North Eastern Railways (NER), Gorakhpur, Indian Railways for manufacturing and supply of Vinyl Coated Upholstery Fabric (Artificial Leather) for AC coaches (13653 Meters) and Non-AC coaches (90316 Meters) respectively. Further, 100% of payment to be received against receipt, inspection and acceptance of the material by the consignee at destination. The said order is expected to be completed by May 30, 2025.
Oriental Rail Infrastructure is engaged in the manufacture and distribution of wood-based decorative products.
