Deals22 Aug 2025, 11:55 am
Oriental Rail Infrastructure Subsidiary Receives LoA for Constant Side Bearers Supply Worth Rs. 60 Crores
AI Summary
Oriental Rail Infrastructure Ltd. is pleased to announce that its material wholly owned unlisted subsidiary, M/s. Oriental Foundry Private Limited (OFPL), has received a Letter of Acceptance (LoA) from the Ministry of Railways, Government of India for the manufacture and supply of Constant Side Bearers (CCSB) for BG Bogie Wagons. The order is valued at approximately Rs. 60 crores. OFPL has fulfilled a key condition precedent by submitting the required bank guarantee, and awaits the formal order issuance by the authority.
Key Highlights
- Oriental Rail Infrastructure subsidiary, Oriental Foundry Private Limited (OFPL), received LoA from Ministry of Railways, Government of India.
- The LoA is for the manufacture and supply of Constant Side Bearers (CCSB) for BG Bogie Wagons.
- The order is valued at approximately Rs. 60 crores.
- OFPL has submitted the required bank guarantee as per LoA terms.
- The formal order is expected to be issued by the authority in due course.