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Hot Pursuit News

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(13 Mar 2024, 10:23)

Oriental Rail Infra arm bags order worth Rs 1,249 cr from Indian Railways

Oriental Rail Infrastructure announced that its wholly owned subsidiary, Oriental Foundry has received an order from Ministry of Railways, Indian Railways to manufacture and supply 3,055 BOXNHL Wagons worth Rs 1,249 crore.

Ministry of Railways (Railway Board), Indian Railways has increased the order quantity of BOXNHL Wagons from 2,964 Nos. to 3,055 Nos. BOXNHL Wagons (Addition of 91 Nos. BOXNHL Wagons) on the same terms and conditions.

Further, Oriental Foundry, a wholly owned subsidiary of the company, after taking into consideration of previously mentioned additional 91 Nos BOXNHL Wagons, has secured order having total contract value of Rs 1,249 crore for manufacturing and supply of 3,055 BOXNHL wagons (which includes additional 91 Nos Boxnhl wagons) from Indian Railways. Delivery period of the increase quantity would be till August 31, 2024.

As per terms and conditions, 90 % of total cost to be received against inspection certificate issued by the RDSO as specified in the contract and proof of d...

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