Oriental Foundry secures Rs 2.9 crore order from Southern Railway
Oriental Rail Infrastructure’s subsidiary, Oriental Foundry, has secured an order worth Rs 2.9 crore from Southern Railway, Indian Railways. The order is for the supply and manufacture of 826 units of coupler body with shank wear plate.
About the order
As per the company’s exchange filing, the total value of the order is Rs 2,93,86,602.00 (Rupees Two Crore Ninety-Three Lakh Eighty-Six Thousand Six Hundred Two only), and 95% of the payment will be made against the inspection certificate. The remaining balance of 5% will be made after the receipt, inspection, and acceptance of the goods is done by the consignee.
