Oriental Rail Infra arm secures orders worth Rs219.59 mn; Stock gains over 2.5%

Oriental Foundry has received orders worth Rs185.16 mn from ‘Jindal Rail Infrastructure Limited’ and Rs34.44 mn from ‘Northern Railway, Amritsar’.

July 16, 2021 2:09 IST India Infoline News Service

Oriental Foundry Private Limited, Wholly-Owned Subsidiary (WOS) Company of Oriental Rail Infrastructure Limited has secured orders worth Rs219.59 Million.

The order has been received worth Rs185.16 Million from ‘Jindal Rail Infrastructure Limited’ for manufacturing and supplying “Bogie” and Rs34.44 Million from ‘Northern Railway, Amritsar” for manufacturing and supplying ‘Coupler’, the company said in a filing on Friday.

At around 2.11 PM, Oriental Rail Infrastructure Limited was trading at Rs57.50 per piece up Rs1.45 or 2.59% on the BSE. The stock touched a day's high of Rs58.50 per piece on Friday.

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