Business Update23 Sept 2026, 02:25 pm
Oriental Rail Infrastructure Secures ₹3.64 Cr Order from ICF
AI Summary
Oriental Rail Infrastructure Limited has announced the receipt of a significant order worth ₹3,63,91,200 from Integral Coach Factory (ICF), Chennai, Indian Railways. The order entails the manufacturing, supply, and installation of 40 sets of "one coach set of chairs". The execution period for this contract is set to conclude by November 08, 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 upon final acceptance.
Key Highlights
- Secured order worth ₹3.64 Crore from Integral Coach Factory (ICF).
- Order involves manufacturing, supply, and installation of coach chairs.
- Execution deadline is November 08, 2026.
- Payment terms involve phased release upon inspection and acceptance.
Price Impact
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