Oriental Rail Infrastructure Secures Rs. 49 Crore Order from ICF
Filing Summary
Oriental Rail Infrastructure Limited has secured an order valued at approximately Rs. 49 Crore from the Integral Coach Factory (ICF), Chennai, under the Indian Railways. The order involves the manufacturing, supply, and installation of 64 sets of coach chairs. The delivery is scheduled for completion by February 8, 2026. Payment terms include 90% upon inspection and provisional receipt, with the remaining 10% and installation charges due post-acceptance. This order does not involve any related party transactions, and no interest from the promoter group is reported.
Oriental Rail Infrastructure Limited has announced the receipt of an order from the Integral Coach Factory (ICF), Chennai, a unit of the Indian Railways. The order, valued at Rs. 4,90,04,928, involves the manufacturing, supply, and installation of 64 sets of one coach set of chairs. The execution of this order is expected to be completed by February 8, 2026.
The payment terms outlined in the order specify that up to 90% of the supply portion will be paid upon presentation of an inspection certificate and a Provisional Physical Receipt Certificate. The remaining 10% of the supply portion, along with 100% of the installation charges, will be paid after the receipt and acceptance of the stores by the consignee, based on the installation certificate issued by the competent authority.
This order has been awarded by a domestic entity, and it does not involve any related party transactions. Furthermore, there is no interest from the promoter or promoter group in the entity that awarded the order. The transaction complies with Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, as well as relevant SEBI circulars.
The Integral Coach Factory is a production unit of the Indian Railways, responsible for manufacturing rail coaches. It plays a significant role in the development and supply of rolling stock for the Indian Railways, focusing on enhancing the quality and efficiency of rail transportation.
Oriental Rail Infrastructure Limited specializes in the manufacturing and supply of railway components and infrastructure. The company focuses on expanding its product offerings and enhancing its capabilities to meet the demands of the railway sector. It aims to strengthen its position in the industry by securing strategic orders and delivering quality products.