Oriental Rail Infrastructure Limited, a leading supplier of railway components, has recently secured a significant order from Integral Coach Factory (ICF), Chennai, a unit of Indian Railways. The order, valued at ₹1,42,95,936 (One Crore Forty-Two Lakh Ninety-Five Thousand Nine Hundred Thirty-Six only), marks a notable achievement for Oriental Rail and underscores its growing role in supporting India's expansive railway network.

The order is specifically for the supply and installation of 16 sets of seats and berths, complete with hardware, intended for LWSCN PP coaches. These are modern passenger coaches designed for long-distance travel, equipped with enhanced seating and sleeping arrangements for passenger comfort. The contract further solidifies Oriental Rail’s reputation for delivering high-quality products that meet the strict standards set by Indian Railways.

The order comes with a set of well-defined terms and conditions. The delivery is to be made to the Furnishing Depot at ICF, Chennai, by October 13, 2024. Oriental Rail will receive 90% of the payment upon issuance of an Inspection Certificate by the nominated inspection agency, along with proof of dispatch or delivery. The remaining 10% will be paid after the goods are inspected and accepted by the receiving authority.

This contract with ICF is part of a larger strategy by Indian Railways to upgrade its passenger coaches, ensuring that commuters experience enhanced comfort during their journeys. The LWSCN PP coaches are integral to Indian Railways' mission of providing efficient and comfortable travel solutions to millions of passengers across the country.

It is important to note that this is a domestic order, awarded by a domestic entity, namely Integral Coach Factory. There is no involvement of related parties, and the transaction does not fall under related party dealings. Furthermore, the promoters or promoter group of Oriental Rail Infrastructure have no direct interest in the awarding entity, ensuring that the transaction is conducted at arm's length and is completely transparent.

This latest contract adds to Oriental Rail’s already impressive portfolio, which includes the manufacture and supply of various components such as seats, berths, and other critical hardware used in Indian Railways' rolling stock. With the Indian Railways pushing forward with numerous modernization projects, the demand for such components is expected to grow significantly in the coming years.

As Oriental Rail Infrastructure prepares to fulfill this order, it reaffirms its commitment to delivering quality products on time, furthering its relationship with Indian Railways. The successful execution of this project is expected to open doors for future contracts, positioning the company as a reliable partner in the country’s railway infrastructure growth.

This is a major milestone for Oriental Rail, and stakeholders will be keeping a close eye on the company's ongoing projects and future collaborations. Given the scale of Indian Railways' modernization efforts, Oriental Rail stands to benefit from additional contracts in the near future, helping the company expand its footprint in the Indian railway sector.

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