Oriental Rail Secures Rs. 4.77 Crore Order from Central Railways

Oriental Rail Infrastructure Ltd has announced the receipt of an order from Central Railways, CSMT Mumbai, Indian Railways. The order is valued at Rs. 4,77,09,931 and pertains to the supply of RDSO-approved vinyl coated upholstery fabric, commonly known as artificial leather, for Central Railway coaching stock. The order is to be executed by January 22, 2027.

The payment terms outlined in the contract include two options. The first option allows for 100% payment upon inspection, delivery, acceptance of stores, and issuance of the CRN. The second option provides for 95% payment on delivery against an inspection certificate and duly acknowledged E-way challan, with the remaining 5% payable after acceptance of stores and issuance of the CRN.

The order has been awarded by a domestic entity, and it does not constitute a related party transaction. There is no interest from the promoter or promoter group in the entity awarding the contract. The transaction complies with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as well as relevant SEBI circulars.

Central Railways is a zone of Indian Railways, headquartered at Chhatrapati Shivaji Maharaj Terminus in Mumbai. It is one of the oldest zones of Indian Railways and plays a crucial role in the rail transport system of India, focusing on passenger and freight services.

Oriental Rail Infrastructure Ltd specializes in the manufacturing and supply of railway components and materials. The company focuses on expanding its product offerings and enhancing its supply capabilities to meet the demands of the railway sector. Its strategic priorities include strengthening its market position and ensuring timely delivery of high-quality products to its clients.