Oriental Rail Infrastructure Limited has bagged a contract from the Integral Coach Factory (ICF), Chennai, Indian Railways.
What Happened: Oriental Rail Infrastructure Limited has clinched a domestic contract for the provision and installation of 16 sets of ‘Seats and Berths’ with hardware for the LWSCN PP coach. The order, valued at ₹1.42 crore, is slated for execution by October 13, 2024.
“Delivery is to be made to Furnishing Depot/ICF, Chennai. Moreover, 90 % of payment to be received against Inspection Certificate issued by the nominated inspection agency as specified in the contract and proof of dispatch/delivery of the material and Balance 10% after receipt, inspection and acceptance of the goods,” the company said in an exchange filing.
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This contract win follows a series of lucrative deals secured by Oriental Rail Infrastructure. Earlier this month, the company won a ₹9.41 crore order from the Modern Coach Factory (MCF), Raebareli, Indian Railways for manufacturing and supplying 164 sets of ‘Seats and Berths' for LHB Non-AC 3-Tier Sleeper (LWSCN) coaches.
Earlier in July 2024, the company’s subsidiary Oriental Foundry Private Limited bagged a massive order worth ₹432.15 crore from the Indian Railways for manufacturing and supplying of 1,200 BVCM (Broad Gauge Bogie Brake Van) Wagons.
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