Oriental Rail Infra arm secures Rs 432 crore order from Indian Railways
Manufacturing
Jul 12,2024
Oriental Rail Infrastructure said its wholly-owned subsidiary, Oriental Foundry Private Ltd has secured an order valued at Rs 432.16 crore from Indian Railways.
The order involves the manufacture and supply of 1,200 BVCM-C wagons, as specified by the Railway Board, according to a stock exchange filing.
The contract outlines that 90% of the total cost will be received against an Inspection Certificate issued by the Research Designs and Standards Organisation (RDSO) and proof of dispatch/delivery of the material.
The remaining 10% will be paid after the receipt, inspection, and acceptance of the goods. The order is expected to be executed by March 31, 2026.
Company :
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Oriental