Oriental Foundry Private Limited, a wholly owned subsidiary of Oriental Rail Infrastructure Limited, has received an order worth Rs. 575.21 crore for the manufacture and supply of 33 rakes of Flat Multi-Purpose (FMP) wagons. The contract, to be executed within 21 months, reinforces the company’s strong presence in the railway manufacturing sector.
Industry Impact & Company Growth:
This order further strengthens Oriental Foundry’s position in the railway sector, showcasing its capability in rolling stock manufacturing. The contract also aligns with the government’s push for increased freight capacity and modernization of rail transport.
Strategic Importance:
With rising demand for high-capacity freight solutions, the contract highlights Oriental Foundry’s technical expertise and ability to meet bulk rolling stock requirements efficiently. The successful execution of this order will contribute to India’s freight transport modernization efforts.
Conclusion:
This Rs. 575.21 crore order reinforces Oriental Foundry’s leadership in rolling stock manufacturing, supporting India’s freight infrastructure expansion. With a 21-month execution timeline, the project reflects the company’s commitment to high-quality, timely deliveries. As freight movement in India evolves, such contracts play a crucial role in strengthening the logistics ecosystem.
Source: Oriental Rail – Press Release | Image Credit (representational): Oriental Foundry
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