Oriental Rail Infrastructure Ltd on Thursday (July 11) said its wholly-owned subsidiary, Oriental Foundry Private Ltd has secured an order valued at ₹432.16 crore from Indian Railways.

The order involves the manufacture and supply of 1,200 BVCM-C wagons, as specified by the Railway Board, according to a stock exchange filing.

The contract outlines that 90% of the total cost will be received against an Inspection Certificate issued by the Research Designs and Standards Organisation (RDSO) and proof of dispatch/delivery of the material.

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The remaining 10% will be paid after the receipt, inspection, and acceptance of the goods. The order is expected to be executed by March 31, 2026.

Shares of Oriental Rail Infrastructure Ltd ended at ₹378.55, up by ₹18.00, or 4.99% on the BSE.