Oriental Rail Infrastructure's stock surged by 5 per cent, reaching Rs 154.50, following the announcement of a new order from North Western Railways, Ajmer, under Indian Railways. The order, valued at Rs 10.61 million, involves supplying 66 sets of PU foam cushions for the retrofitment of berths and seats. The materials will be delivered to North Western Railways, Ajmer, as part of the agreement.

According to the contract terms, 95 per cent of the payment will be processed upon the issuance of an inspection certificate by the designated inspection agency, along with proof of dispatch or delivery. The remaining 5 per cent will be released after the receipt, inspection, and acceptance of the supplied goods. The total order value stands at Rs 1,61,21,160, and the project is scheduled for completion by September 6, 2026.

Oriental Rail Infrastructure specializes in manufacturing and trading products such as recron, seat and berth materials, and compreg boards, operating exclusively within the Indian Railway sector.

Financially, the company reported a consolidated net profit of Rs 70.52 million in Q3 FY25, marking a 39.9 per cent decline from Rs 120.51 million in Q3 FY24. However, revenue from operations grew by 4.3 per cent year-on-year, reaching Rs 1.52 billion in Q3 FY25.

News source: Business Standard