Oriental Rail Infrastructure Bolsters Hold on Subsidiary with ₹300 Million Share Purchase

Oriental Rail Infrastructure Ltd (ORIL) has formally declared its intention to purchase 2.7 million shares of its fully-owned subsidiary, Oriental Foundry Private Limited, at ₹111 per share. This strategic purchase, pegged at around ₹300 million, once again strengthens ORIL's hold on the wagon-making arm.

Highlights:

Purchase of 2.7 million shares at ₹111 per share

Total investment of ₹300 million

Enhances ORIL's strength in the railway infrastructure segment

Comes on the back of recent ₹575 crore wagon manufacturing order from Indian Railways

The acquisition follows Oriental Foundry's recent major order wins, such as a ₹575 crore contract for flat multipurpose wagons during January 2025. The acquisition is likely to help ORIL's ability to leverage the rising demand for railway infrastructure in India.

With a strong order book of ₹1,349.65 crore and strategic investment in its subsidiary, ORIL is well set to become an integral part of India's railway modernization plans.

Sources: BSE Filing, Angel One, DSIJ, March 25, 2025