Oriental Rail Infrastructure Limited disclosed an amendment to its existing wagon supply contract through its wholly-owned subsidiary Oriental Foundry Private Limited with the Ministry of Railways (Railway Board), Indian Railways.
The Railway Board has increased the order quantity of BOXNS Wagons from 1,200 units to 1,560 units, representing an addition of 360 BOXNS Wagons. The amendment maintains all original terms and conditions of the contract.
Oriental Foundry Private Limited has secured an amended order for the manufacture and supply of 1,560 BOXNS Wagons with a total contract value of ₹630,61,39,008 (Rupees Six Hundred Thirty Crore Sixty-One Lakh Thirty-Nine Thousand and Eight Only), inclusive of GST. This revised quantity is referred to as the "Amended Quantity" in the disclosure.
Contract Details
- Awarding Entity: Ministry of Railways (Railway Board), Indian Railways
- Significant Terms: 90% of total cost to be received against Inspection Certificate issued by RDSO as specified in the contract and proof of dispatch/delivery of material; Balance 10% after receipt, inspection and acceptance of goods
- Entity Type: Domestic Entity
- Nature of Contract: Manufacturing and Supply of 1,560 BOXNS Wagons
- Market Scope: Domestic
- Delivery Period: The delivery period for the additional quantity of 360 BOXNS Wagons shall be up to June 11, 2027
- Contract Value: ₹630,61,39,008/- (Rupees Six Hundred Thirty Crore Sixty-One Lakhs Thirty-Nine Thousand Eight Only) inclusive of GST
- Promoter Interest: No interest by promoter/promoter group/group companies in the entity awarding the order
- Related Party Transaction: The order does not fall within related party transactions