Oriental Foundry Pvt Ltd applies for Wagon Leasing Company registration

Oriental Rail Infrastructure Ltd's Wholly Owned Subsidiary, Oriental Foundry Private Limited, has formally submitted its application to the Railway Board for registration as a Wagon Leasing Company (WLC) under the Wagon Leasing Scheme of Indian Railways.

This development marks a significant step forward in the Company's strategic roadmap to enter and scale within the high-growth logistics and rail transportation ecosystem. The WLC opportunity is expected to enhance our long-term business visibility and strengthen our presence in the freight mobility value chain.

The Company remains committed to exploring avenues that can unlock sustainable growth, operational synergies, and long-term value creation for its stakeholders through its subsidiary-led initiatives.

Shares of Oriental Rail Infrastructure Ltd was last trading in BSE at Rs. 136.15 as compared to the previous close of Rs. 144.50. The total number of shares traded during the day was 55296 in over 880 trades.

The stock hit an intraday high of Rs. 145.85 and intraday low of 132.80. The net turnover during the day was Rs. 7581042.00.

Source : Equity Bulls

Keywords

OrientalRailInfrastructure INE457G01029 OrientalFoundry WagonLeasingCompany Registration