Oriental Rail Infra board approves modernisation of Rexene Plant

28 Mar 2022 CW Team

The Oriental Rail Infrastructure Ltd board directors approved the proposal of expansion and modernisation of the current Artificial Leather (Rexene) Plant at Aghai.

The proposed expansion and modernisation of current Artificial Leather (Rexene) is in response to the opportunities that exist in its upgraded goods, which will assist the company in capturing the consumer market, automobile industry, and worldwide export.

Total three months is provided to execute the proposed expansion and modernisation.

In the last trading of Bombay Stock Exchange (BSE), shares of Oriental Rail Infrastructure Ltd stood at Rs 124 compared to the last close of Rs 123.40. The overall shares traded during the day was 6,668 in more than 52 trades.

The stock hit an intraday high of Rs 130.95 and a low of Rs 117.60. The net turnover during the day was Rs 8,32,532.00.

Oriental Rail Infrastructure Ltd provides railway products. The firm produces railway rolling stocks and veneer. It has also supplied 500 wagons to the Indian Railways.

Also read: Capex of Indian Railways to reach Rs.2.45 tn in FY 2022-23

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