The shares of this heavy engineering equipment manufacturer gained up to 4 percent after the company’s subsidiary secured an order worth Rs 55.77 crore from THDC India Limited
Railway stock jumps 4% after it secures an order worth ₹ 55.77 Cr from THDC India Ltd
With a market capitalization of Rs 1,363.75 crore, the shares of Oriental Rail Infrastructure Ltd were trading at Rs 253.00 per share, increasing around 2.89 percent as compared to the previous closing of Rs 245.90 apiece.
According to the company filing, Oriental Foundry Private Limited, a Wholly Owned Subsidiary of Oriental Rail Infrastructure Ltd has secured an order worth Rs 55.77 crore for the Manufacture and Supply of 122 (Two Rake) BOXNHL Wagons and 02 Brake Vans from THDC India Limited.
Oriental Rail Infrastructure Ltd’s revenue rose by 96 percent, from Rs 58.29 crore in Q2FY23 to Rs 114.77 crore in Q2FY24. During the same period, net profit grew by 40 percent, from Rs 5.50 crore to Rs 7.69 crore.
OFPL has established two new production plants: the Bogie spring facility in Kutch, Gujarat, and the Bogie and Coupler plant in Chopadava. It also increased Wagon’s production capacity at its plant in Lakadiya, Gujarat. The new Bogie spring facility produces springs for bogies and has an annual capacity of 2,80,800 units.
The capability of the wagon plant increased the existing manufacturing capacity of up to 2,400 wagons per year. This capacity growth presented a big opportunity for its Foundry department, which helped to close the gap in the Indian Railways’ Wagon supply.
Oriental Foundry Private Limited (OFPL), a subsidiary of ORIL, has boosted its revenue to Rs 19,768.36 lakhs. The firm secured orders for wagons for Indian Railways in fiscal year 2022-23.
The stock gave a 294.01 percent return in six months and a 312.73 percent return in a year. If an investor invests Rs 1 lakh in the company would be worth Rs 4.12 lakhs in a year.
Oriental Rail Infrastructure Ltd manufactures, buys, and sells all varieties of Recron, Seat & Berth, and Compreg Boards, as well as trades forest woods and their products.
Oriental Rail Infrastructure Ltd” appears to be a hypothetical or specific company name related to rail infrastructure. Without further context, it’s challenging to provide detailed information about this company. However, I can offer some general information about rail infrastructure companies.
Rail infrastructure companies typically specialize in the construction, maintenance, and management of various aspects of railway networks.
This can include tracks, bridges, tunnels, signaling systems, stations, and other related infrastructure. They may also be involved in providing services such as consulting, project management, and technology solutions for rail projects.
These companies often play a crucial role in the development and expansion of railway networks, both domestically and internationally. They may work on projects commissioned by governments, transportation authorities, or private sector entities.
If you have specific questions about Oriental Rail Infrastructure Ltd or rail infrastructure companies in general, feel free to ask for more information.
Oriental Rail Infrastructure Ltd, like other rail infrastructure companies, would likely be involved in various aspects of railway development and management. This could encompass activities such as:
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Construction:
Building new railway lines, tracks, bridges, tunnels, and other infrastructure components necessary for a functioning railway network. This involves coordinating with engineers, architects, construction workers, and other stakeholders to ensure projects are completed efficiently and safely.
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Maintenance:
Regular upkeep and repair of existing railway infrastructure to ensure it remains safe and operational. This includes activities such as track maintenance, bridge inspections, and signal system repairs. Preventative maintenance is crucial to minimize disruptions and ensure the longevity of the railway network.
key points :
- Modernization: Upgrading outdated infrastructure and implementing new technologies to improve efficiency, safety, and passenger experience. This could involve installing modern signaling systems, implementing automated train control systems, or upgrading stations and terminals to accommodate growing passenger volumes.
- Consulting and Project Management: Providing consulting services to governments, transportation authorities, and private companies on railway projects. This might include feasibility studies, cost estimation, route planning, and project management services to ensure successful project implementation.
- Environmental and Social Responsibility: Adhering to environmental regulations and implementing sustainable practices in railway construction and operations. This could involve minimizing environmental impact, mitigating noise and air pollution, and promoting community engagement and social responsibility initiatives.
- International Expansion: Expanding operations beyond domestic markets by participating in railway projects in other countries. This could involve partnerships with local firms, navigating regulatory frameworks in foreign markets, and adapting to cultural and logistical challenges unique to each region.
Overall, companies like Oriental Rail Infrastructure Ltd play a vital role in the development and maintenance of railway infrastructure, contributing to economic growth, connectivity, and sustainable transportation solution.
