Business Update10 Jul 2026, 05:00 pm
Oriental Rail Infrastructure Secures ₹1.62 Cr Order from ICF
AI Summary
Oriental Rail Infrastructure Limited has announced the receipt of a significant order valued at ₹1,62,48,600.00 from Integral Coach Factory (ICF), Chennai, Indian Railways. The order entails the manufacturing, supply, and installation of 15 sets of "one coach set of seats for Second AC Chair Car Coaches". The execution of this order is scheduled to be completed by September 30, 2026. Payment terms include 80% on proof of inspection and provisional receipt, with the remaining 20% of the supply portion plus 100% installation charges payable after acceptance by the consignee.
Key Highlights
- Secured order worth ₹1.62 Cr from Integral Coach Factory, Chennai.
- Order involves manufacturing, supply, and installation of coach seats.
- Execution deadline set for September 30, 2026.
- Payment terms involve phased release upon inspection and installation.
- No promoter interest or related party transaction concerns identified.
Price Impact
More from ORIRAIL