Oriental Foundry Wins Rs 29 Million Railway Components Order

01 Dec 2025 CW Team

Oriental Rail Infrastructure’s subsidiary, Oriental Foundry, has secured an order worth Rs 29 million from Southern Railway for the supply and manufacture of 826 coupler bodies with shank wear plates.

According to the company’s exchange filing, the contract is valued at Rs 29.39 million (Rs 2,93,86,602). Under the payment terms, ninety-five per cent of the amount will be released against the inspection certificate, while the remaining five per cent will be paid after the consignee receives, inspects and accepts the goods.

The order, which falls under domestic procurement, is scheduled for execution by 30 September 2026. The company also confirmed that the promoter group has no interest in the order and that the contract does not involve any related-party transactions.

The disclosure was made in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Following the announcement, shares of Oriental Rail Infrastructure closed marginally higher at Rs 153.60. However, the stock has declined by nearly nine per cent over the past five trading sessions.

Real Estate

24 Dec 2025

Modon, Related, Panepinto form JV for Harborside 4 in Jersey City

Abu Dhabi-based Modon Holding PSC has formed a joint venture with US real estate major Related Companies and Jersey City-based Panepinto Properties to develop Harborside 4, a 54-storey luxury residential tower on a prime waterfront site in downtown Jersey City, New Jersey.Under the partnership, Modon will hold a majority equity stake alongside Related and Panepinto, marking another step in the group’s strategy to scale and diversify its global real estate portfolio. The project will be developed on one of the last remaining premium waterfront parcels in the city.Designed by Handel Architects..

P+Ex and Post-Tensioning Institute partner to drive sustainability

P+Ex, the Center of Excellence for Concrete Preservation and Service Life Extension, has announced a strategic partnership with the Post-Tensioning Institute (PTI) aimed at advancing sustainability, durability, and resilience in the built environment.The collaboration brings together P+Ex’s expertise in concrete preservation, repair, and service life extension with PTI’s global leadership in post-tensioning technology. Through this alliance, the two organisations will work to advance best practices in durability-focused design for new structures, while also promoting effective repair, reha..

India’s Largest 2,000 MW Subansiri Hydro Project Turns Operational

India’s largest hydropower project, the 2,000 MW Subansiri Lower Hydroelectric Project, has finally become operational with the commissioning of its first unit, marking a major milestone after nearly 20 years of development marked by delays, protests and cost escalation.The 250 MW Unit-2 of the project, located on the Subansiri River at Gerukamukh on the Assam–Arunachal Pradesh border, was virtually inaugurated from New Delhi by Union Minister of Power Manohar Lal Khattar. The event was attended by Pankaj Agarwal, Secretary (Power), and Bhupender Gupta, Chairman and Managing Director, Nati..