Oriental Rail Infrastructure touches the roof on securing orders worth Rs 19.33 crore
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Oriental Rail Infrastructure is currently trading at its upper limit of Rs. 378.55, up by 18.00 points or 4.99% from its previous closing of Rs. 360.55 on the BSE.
The scrip opened at Rs. 378.55 and has touched a high and low of Rs. 378.55 and Rs. 372.55 respectively. So far 174106 shares were traded on the counter.
The BSE group 'T' stock of face value Rs. 1 has touched a 52 week high of Rs. 378.55 on 11-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. 378.55 and Rs. 302.20 respectively. The current market cap of the company is Rs. 2326.53 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 has secured orders worth Rs 19.33 crore from ‘Rail Coach Factory (RCF), Kapurthala, Indian Railways’. The orders are for manufacturing and supplying of 194 Sets of ‘Seats’ for LHB GS coaches; 96 Sets of ‘Seats and Berths’ for LHB SCN coaches; and 29 sets of ‘Seats and Berths’ with MS corrugated sheet for LHB AC3T coaches.
Delivery is to be made to RCF: Furnishing Depot. Further, 95% of payment will 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 5% after receipt, inspection and acceptance of the goods.
Oriental Rail Infrastructure is engaged in the manufacture and distribution of wood-based decorative products.
