The order entails the supply of eight sets of one rake set of seats without seat fixing profiles for Trainset-18, more commonly known as the Vande Bharat Express. Delivery is scheduled for 24 July 2026, with payment terms stipulating 95% upon inspection certification and proof of dispatch, and the remaining 5% upon final acceptance.
This contract marks Oriental Rail Infrastructure's entry into the prestigious Vande Bharat segment, a key initiative by Indian Railways to modernize its train fleet.
Oriental Rail Infrastructure is engaged in the manufacturing and supply of several diversified railway products/items for Indian Railways and other related industries. Its products include seat & berth, recorn, compreg board & articles thereof, furniture & parts, coated upholstery fabric, plywood, phenolic resin & hardner, silicon foam, etc.
The company reported a consolidated net profit of Rs 7.52 crore in Q3 FY25, down 39.9% compared to Rs 12.51 crore in Q3 FY24. Revenue from operations rose 4.3% YoY to Rs 152.82 crore in Q3 FY25.
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