Oriental Foundry Pvt Ltd receives approval for registration as Wagon Leasing Company

Oriental Rail Infrastructure Ltd's Wholly Owned Subsidiary, Oriental Foundry Private Limited, had submitted an application to the Railway Board for registration as a Wagon Leasing Company (WLC) under the Wagon Leasing Scheme (WLS) of Indian Railways. Oriental Foundry Private Limited has received approval from the Ministry of Railways, Railway Board, for registration as a Wagon Leasing Company (WLC) to offer railway wagons on lease for operations on the Indian Railways network under the WLS (Wagon Leasing Scheme).

This approval marks an important milestone in the Company's strategic roadmap to establish and scale its presence in the wagon building, leasing, and rail logistics ecosystem. The WLC registration is expected to enhance long-term business visibility and strengthen the Company's position in the freight mobility value chain through its subsidiary.

The Company remains committed to exploring opportunities that drive sustainable growth, operational synergies, and long-term value creation for its stakeholders.

Shares of Oriental Rail Infrastructure Ltd was last trading in BSE at Rs. 167.00 as compared to the previous close of Rs. 161.70. The total number of shares traded during the day was 97195 in over 1691 trades.

The stock hit an intraday high of Rs. 169.80 and intraday low of 163.30. The net turnover during the day was Rs. 16169629.00.

Source : Equity Bulls

Keywords

OrientalRailInfrastructure INE457G01029 OrientalFoundry Approval Registration WagonLeasingCompany