Oriental Rail Infrastructure’s subsidiary, Oriental Foundry Pvt Ltd, has received Railway Board approval to operate as a Wagon Leasing Company. The move expands ORIL’s presence from wagon manufacturing into leasing, strengthening its role in India’s freight mobility ecosystem and aligning with the government’s push for modernized rail logistics.
In a significant development for India’s rail logistics sector, Oriental Rail Infrastructure Ltd (ORIL) announced that its wholly-owned subsidiary, Oriental Foundry Private Limited, has received approval from the Railway Board, Ministry of Railways, to register as a Wagon Leasing Company (WLC) under the Indian Railways’ Wagon Leasing Scheme.
Key highlights of the announcement include:
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The approval allows Oriental Foundry to lease railway wagons for operations across the Indian Railways network.
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This marks ORIL’s formal entry into the wagon leasing segment, complementing its existing expertise in wagon manufacturing and rail infrastructure.
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The WLC registration is expected to enhance long-term business visibility, offering recurring revenue streams through leasing contracts.
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Analysts view this as a strategic milestone, strengthening ORIL’s position in the freight mobility value chain and supporting India’s growing demand for efficient rail logistics.
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The move aligns with the government’s push to modernize freight transport, reduce logistics costs, and encourage private participation in rail infrastructure.
This approval positions Oriental Rail Infrastructure to play a pivotal role in India’s evolving rail ecosystem, expanding its footprint from manufacturing into leasing and integrated logistics solutions.
Sources: Oriental Rail Infrastructure Filing, FilingReader News, Rediff MoneyWiz