Oriental Rail Infra's subsidiary to expand manufacturing capacity of Wagons in Gujarat; Stock soars 1.4%

25 Mar 2022 , 01:52 PM

Oriental Rail Infrastructure Ltd has informed that its Wholly Owned Subsidiary Company, Oriental Foundry Private Limited is in the process of expanding the manufacturing capacity of Wagons at its plant at Lakadiya, Gujarat.

This will enhance the existing capacity of production of upto ‘2,400 Wagons’ per year, said Company in a regulatory filing on Thursday.

On Friday at around 1:52 PM, Oriental Rail Infra was trading at Rs123.25 per piece higher by 1.4% on the BSE.