Oriental Rail Infrastructure will hold a meeting of the Board of Directors of the Company on 12 November 2024Powered by Capital Market - Live

Oriental Rail Infrastructure has secured order worth Rs. 1.11 crore from Integral Coach Factory (ICF), Chennai, Indian Railways for supply and installation of 14 sets of chairs for non-ac chair car. Powered by Capital Market - Live

The headline equity indices traded with limited losses in early afternoon trade. The Nifty traded below the 25,000 level. Bank shares declined after advancing in the past trading session. At 12:30 IST, the barometer index, the S&P BSE Sensex was down 182.53 points or 0.23% to 81,420.65. The Nifty 50 index lost 33.55 points or 0.13% to 24,964.90. In the broader market, the S&P BSE Mid-Cap index rose 0.17% and the S&P BSE Small-Cap index added 0.28%. The market breadth was positive. On the BSE, 1,984 shares rose and 1,754 shares fell. A total of 139 shares were unchanged. Derivatives: The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, fell 1.29% to 13.32. The Nifty 31 October 2024 futures were trading at 25,047.00, at a premium of 82.1 points as compared with the spot at 24,964.90. The Nifty option chain for the 31 October 2024 expiry showed maximum Call OI of 52.7 lakh contracts at the 26,000 strike price. Maximum Put OI of 43.3 lakh contracts were seen at 25,000 strike price. Buzzing Index: The Nifty Bank index shed 0.76% to 51,138.35. The index rose 1.03% in the past trading session. ICICI Bank (down 1.54%), IDFC First Bank (down 1.44%), Axis Bank (down 1.2%), AU Small Finance Bank (down 1.13%), Bank of Baroda (down 1.08%), HDFC Bank (down 0.91%), IndusInd Bank (down 0.84%), State Bank of India (down 0.14%), Kotak Mahindra Bank (down 0.02%) edged lower. On the other hand, Federal Bank (up 0.71%) ,Canara Bank (up 0.37%) and Punjab National Bank (up 0.2%) turned up. Stocks in Spotlight : Oriental Rail Infrastructure was locked in 5% upper circuit after the company secured an order worth Rs 1.58 crore from North Eastern Railways (NER) at Gorakhpur, Indian Railways. Ashoka Buildcon added 3.80% after the company announced that it has been declared as the lowest (L-1) bidder by Brihanmumbai Municipal Corporation (BMC) for a project worth Rs 918 crore. Bondada Engineering advanced 2.50% after the company said that it has received letter of award (LoA) from Maharashtra State Power Generation Company (MAHAGENCO) for bulk work orders aggregating to Rs 1,132.25 crore. Powered by Capital Market - Live

The project entails manufacturing and supply of vinyl coated upholstery fabric (artificial leather) for AC coaches (13,653 meters) and non-AC coaches (90,316 meters) respectively. The cost of this project is Rs 1.58 crore and it is to be executed by 30 May 2025. The firm stated that entire payment will be received against receipt, inspection and acceptance of the material by the consignee at destination. Oriental Rail Infrastructure is engaged in manufacturing, buying and selling of all type recron, seat & bearth, compreg boards and also trading of timber woods and all its products. The company operates only in one segment i.e Indian Railway products. The company's consolidated net profit grew 7.7% to Rs 5.86 crore on 32.6% jump in net sales to Rs 123.06 crore in Q1 FY25 over Q1 FY24.Powered by Capital Market - Live

Oriental Rail Infrastructure has secured order worth Rs. 1.58 crore from North Eastern Railways (NER) , Gorakhpur, Indian Railways for supply of Vinyl Coated Upholstery Fabric (Artificial Leather) for AC coaches (13653 Meters) and Non-AC coaches (90316 Meters) respectively. Powered by Capital Market - Live

The project entails manufacturing and supplying of 112 sets of seats and berths for LHB GS coaches. The cost of the project is Rs 6.91 crore and it is to be executed by 31 March 2025. The firm stated that delivery is to be made to MCF, Furnishing Depot. Further, 100% of payment will be received against receipt, inspection and acceptance of the material by the consignee at destination. Oriental Rail Infrastructure is engaged in manufacturing, buying and selling of all type recron, seat & bearth, compreg boards and also trading of timber woods and all its products. The company operates only in one segment i.e Indian Railway products. The company's consolidated net profit grew 7.7% to Rs 5.86 crore on 32.6% jump in net sales to Rs 123.06 crore in Q1 FY25 over Q1 FY24.Powered by Capital Market - Live

Oriental Rail Infrastructure has secured order worth Rs. 6.91 crore from 'Modern Coach Factory (MCF), Raebareli, Indian Railways' for manufacture and supply of 112 sets of seats and berths for LHB GS coaches. Powered by Capital Market - Live

Oriental Rail Infrastructure has secured order worth Rs 3.67 crore from Western Railways (WR), Mahalaxmi, Indian Railways. The order is for supply and fitment of stainless steel 3-seater/ 2-seater seat in Siemens type coaches. Powered by Capital Market - Live

Oriental Rail Infrastructure has secured an order of Rs 1.10 crore from Modern Coach Factory (MCF), Raebareli, Indian Railway for manufacture and supply of 14 sets of seats and berths for LHB AC3T Economy coaches.Powered by Capital Market - Live

The project entails supply and installation of 16 sets of seats and berths with hardwares for LWSCN PP coach. The cost of the project is Rs 1,42,95,936 and it is to be executed within 13 October 2024. The company said that the delivery is to be made to Furnishing Depot/ICF, Chennai. Further, 90% of payment to be received against Inspection Certificate issued by the nominated inspection agency as specified in the contract and proof of dispatch/delivery of the material and balance 10 % after receipt, inspection and acceptance of the goods, it added. Oriental Rail Infrastructure is engaged in manufacturing, buying and selling of all type recron, seat & bearth, compreg boards and also trading of timber woods and all its products. The company operates only in one segment i.e Indian Railway products. As on 31 March 2019, the company had 1 wholly owned subsidiary, namely Oriental Foundry. The company's consolidated net profit grew 7.7% to Rs 5.86 crore on 32.6% jump in net sales to Rs 123.06 crore in Q1 FY25 over Q1 FY24. Powered by Capital Market - Live