Deals8 Mar 2025, 12:03 am
Oriental Rail Infrastructure Secures First Vande Bharat Order Worth Rs. 42 Crore from Rail Coach Factory, Kapurthala
AI Summary
Oriental Rail Infrastructure Ltd (ORIL), formerly known as Oriental Veneer Products Limited, has entered the 'Vande Bharat' segment and secured its first order worth Rs. 42,89,14,008.64 from Rail Coach Factory (RCF), Kapurthala, Indian Railways. The order is for the supply of 8 sets of one rake set of 'Seats' without seat fixing profile for Trainset-18 (Vande Bharat). Delivery will be made to the Furnishing Depot, with 95% of the payment to be received against the Inspection Certificate issued by the specified inspection agency and proof of dispatch/delivery of the material. The balance 5% will be paid after receipt, inspection, and acceptance of the goods.
Key Highlights
- Oriental Rail Infrastructure Ltd secures first Vande Bharat order worth Rs. 42 Crore
- Order from Rail Coach Factory, Kapurthala, Indian Railways for the supply of 8 sets of one rake set of 'Seats'
- Delivery to be made to the Furnishing Depot
- Payment structure involves 95% against Inspection Certificate and proof of dispatch/delivery, balance 5% after receipt, inspection, and acceptance of goods
- Oriental Rail Infrastructure Ltd expands into the Vande Bharat segment