Oriental Rail Infrastructure Ltd

🚀 Oriental Rail Infrastructure Seeks to Redirect ₹42 Crore in Unutilized Funds

• Oriental Rail Infrastructure raised ₹212.20 crores through a preferential issue in 2024

• ₹170.16 crores already utilized, leaving ₹42.04 crores unutilized

• Original allocation: ₹50 crores for debt repayment, ₹147.20 crores for working capital, ₹15 crores for general corporate purposes

• Proposed change: Redirect remaining ₹42.04 crores entirely to working capital requirements

• Rationale: Evolving business needs and potential interest savings