In a significant development, Oriental Rail Infrastructure Limited has secured a Rs. 5.87 Crore contract from the Integral Coach Factory (ICF), Chennai, which is part of the Indian Railways. The contract pertains to the supply and installation of 44 sets of seats and berths with hardware for the LWS PP Coach. This order comes as part of ICF's efforts to enhance the comfort and design of its coaches, which are widely used in the Indian railway system.

Under the terms of the contract, the company will be required to deliver the goods to the Furnishing Depot at ICF, Chennai. Notably, the payment structure for the order is divided into two parts: 90% of the payment will be made after the inspection certificate is issued by the nominated inspection agency and after proof of dispatch or delivery of materials is provided. The remaining 10% will be released after the goods are inspected and accepted by ICF.

The timeline for completing the order is set to February 22, 2025, which indicates the company’s capacity to deliver the order within a strict deadline. The nature of the contract and the substantial value reflect the company's strong position in the rail infrastructure sector, and the order adds to its ongoing efforts to contribute to India's railway modernization.

The contract is purely a domestic order awarded by a government entity, and there is no involvement from the company’s promoters or group companies in the awarding entity. Moreover, the transaction does not fall under related party transactions, confirming that the deal is conducted at "arm's length".

This significant order marks another milestone for Oriental Rail Infrastructure in its growth journey, solidifying its reputation as a trusted supplier to Indian Railways. The company’s ongoing commitment to delivering quality and timely solutions aligns with the country’s long-term infrastructure development goals, especially in the rail sector.

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