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HomeNewsBusinessStocksOriental Rail Infra locked in upper circuit on orders worth Rs 19.33 crore from Indian Railway

Oriental Rail Infra locked in upper circuit on orders worth Rs 19.33 crore from Indian Railway

Oriental Rail Infrastructure Share Price | Shares have jumped 278 percent in the last nine months, while it has given a massive 560 percent one-year return.

July 11, 2024 / 10:18 IST
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    Oriental Rail Infrastructure share price touched a 52-week high of Rs 378.55 and locked at a 5 percent upper circuit in the early trade on July 11 after the company received an order from Indian Railways.

    At 09:30 am, Oriental Rail Infrastructure was quoting at Rs 378.55, up Rs 18.00, or 4.99 percent, on the BSE.

    There were pending buy orders of 66,586 shares, with no sellers available.

    ".... has secured orders worth Rs 19,33,83,382.04 from Rail Coach Factory (RCF), Kapurthala, Indian Railways," the company said in an exchange filing.

    95 percent of the contract value will be paid upon receipt of an inspection certificate from the nominated agency and proof of dispatch or delivery of the material. The remaining 5 percent will be paid after the goods are received, inspected, and accepted.

    The contract included the manufacturing and supply of 194 sets of ‘Seats’ for LHB GS coaches, 96 sets of ‘Seats and Berths’ for LHB SCN coaches, and 29 sets of ‘Seats and Berths’ with MS corrugated sheets for LHB AC3T coaches.

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    Oriental Rail Infrastructure shares have jumped 278 percent in the last nine months, while it has given a massive 560 percent one-year return.

    Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
    Moneycontrol News
    first published: Jul 11, 2024 10:18 am

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