Oriental Rail Infrastructure Ltd — Important, 22-08-2025: Company Update
22-08-2025 | 11:51 am
22-08-2025 | 11:51 am
Oriental Rail Infrastructure's wholly-owned subsidiary, Oriental Foundry Private Limited, has secured a Letter of Acceptance from the Ministry of Railways. This LoA is for the manufacture and supply of Constant Side Bearers (CCSB) for BG Bogie Wagons, valued at approximately Rs. 60 Cr. The subsidiary has completed a key condition by submitting the necessary bank guarantee. Investors can expect a formal order to follow, which is a positive sign for future operational revenue and the company's market position in railway components. Further updates will be provided upon the order's finalization.
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