Oriental Rail Unit Wagon Order From Indian Railways Hiked To Rs 1,249 Crore

The contract received by Oriental Foundry Pvt., a subsidiary of Oriental Rail Infrastructure Ltd., from the Indian railways has been revised to include 91 more wagons.

The company, which has a market cap of Rs 1,304.72 crore, has received an additional order to manufacture and supply 91 BOXNHL wagons, increasing the contract value to Rs 1,249 crore, the company said in an exchange filing said on Tuesday.

Oriental Foundry had initially secured an order to supply 2,964 BOXNHL wagons, which has now increased to 3,055.

Shares of Oriental Rail Infrastructure closed 2.59% lower at Rs 242.80 apiece, compared to a 0.22% rise in the benchmark BSE Sensex.

Disclaimer: The order value has been revised.