Archive · 1 Jan 2026
Oriental Rail Shares Rise on Wagon Leasing Approval
Oriental Rail Infrastructure is a company that makes and sells different types of boards and timber products.
They have a subsidiary called Oriental Foundry Private Limited.
This subsidiary got permission from the Indian Railways to lease out railway wagons.
Because of this good news, the company's shares went up by 5%.
The company's total value in the market is now Rs 1117.20 crore.
This means more people want to invest in the company because they can now lease wagons, which is a new business for them.
Oriental Rail Infrastructure's subsidiary received approval to lease railway wagons.
Share price increased by 5% to Rs 169.80.
Market capitalization stands at Rs 1117.20 crore.
Approval received from the Ministry of Railways, Railway Board.
Company is engaged in manufacturing and trading of various products besides wagon leasing.
- Who
- Oriental Rail Infrastructure and its subsidiary Oriental Foundry Private Limited
- What
- Received approval to lease railway wagons
- When
- Today (specific date not mentioned)
- Where
- India (Indian Railways network)
- Why
- To expand business into wagon leasing under the Wagon Leasing Scheme (WLS)
- Company
- Oriental Rail Infrastructure
- Subsidiary
- Oriental Foundry Private Limited
- Approval Received
- Wagon Leasing Company (WLC) registration
- Share Price Increase
- 5%
- Market Cap
- Rs 1117.20 crore
- Previous Share Price
- Rs 161.70
- New Share Price
- Rs 169.80