Oriental Rail Infrastructure Secures Rs. 1.57 Crore Order from RCF
Filing Summary
Oriental Rail Infrastructure Ltd has received an order valued at Rs. 1,57,36,864 from the Rail Coach Factory, Kapurthala, Indian Railways. The order involves the manufacturing, supply, and installation of 25 sets of seats and berths for LHB GS coaches. The delivery is scheduled for completion by September 28, 2026. Payment terms include 95% upon submission of an inspection certificate and proof of dispatch, with the remaining 5% upon acceptance by the consignee. This order is not a related party transaction, and no interest from promoters is involved.
Oriental Rail Infrastructure Ltd has announced the receipt of an order from the Rail Coach Factory (RCF), Kapurthala, Indian Railways. The order, valued at Rs. 1,57,36,864, was disclosed in compliance with Regulation 30 of the SEBI Listing Regulations. The order pertains to the manufacturing, supply, and installation of 25 sets of seats and berths for LHB GS coaches.
The significant terms of the contract specify that delivery is to be completed by September 28, 2026. Payment terms include the release of 95% of the contract value upon submission of the inspection certificate issued by the nominated inspection agency, along with proof of dispatch or delivery to the consignee. The remaining 5% will be paid after the receipt, inspection, and acceptance of the goods by the consignee.
The order has been awarded by a domestic entity, and it is confirmed that neither the promoters nor the promoter group have any interest in the entity awarding the contract. Additionally, this transaction does not fall under related party transactions.
The Rail Coach Factory, Kapurthala, is a unit of the Indian Railways responsible for manufacturing rail coaches. It plays a crucial role in the production and supply of various types of coaches for the Indian Railways network.
Oriental Rail Infrastructure Ltd specializes in providing infrastructure solutions for the rail industry. The company focuses on manufacturing and supplying components for rail coaches, aiming to support the modernization and expansion of railway infrastructure. Its strategic priorities include enhancing production capabilities and expanding its product offerings to meet the evolving needs of the rail sector.