Oriental Rail Infrastructure bags order worth Rs 21.9 crore
Oriental Foundry Private Limited, which is a subsidiary of Oriental Rail Infrastructure Ltd has bagged order summing to Rs 21.9 crore. It has also secured an order worth Rs 18.5 crore from Jindal Rail Infrastructure Ltd for manufacturing & supply of train bogies.
Another order has come from Northern Railway, Amritsar amounting to Rs 3.4 crore for the manufacture & supply of ‘coupler’; a mechanical component that connects two bogies.
Oriental Rail Infrastructure is in the business of manufacturing a wide range of products in the railway infrastructure space. It mainly supplies its products to Indian Railways, which include seat & berths, compreg board & allied products, shuttering plates, lavatory doors, etc. They have a solid 50 per cent market share in the seat & berths segment.
At 1.40 pm today, the stock was trading at 57.50 up by 2.59 per cent on BSE. The stock has a 52-week high & low of Rs 61.35 and Rs 30.60, respectively. The stock has a price-to-earnings ratio of 28.22 and a price-to-book ratio of 3.86.