Western Carriers (India) rose 2.97% to Rs 117.85 after the company announced that it has secured a work order worth approximately Rs 230 crore from Jindal Stainless (JSL).
The three-year contract involves providing an integrated EXIM logistics solution, including rail transportation of containers from various ports to Jindal Stainless plant siding, customs clearance at the Jajpur facility, return movement of empty and export-laden containers, last-mile delivery to designated container freight stations (CFS) or shipping line yards, and other related logistics services.Rajendra Sethia, Chairman & Managing Director, Western Carriers (India), said, Securing this prestigious contract from Jindal Stainless is a strong endorsement of WCILs proven execution capabilities and trusted partnership. These back-to-back significant orders not only highlight our operational excellence but also reaffirm our strategic position as a preferred end-to-end logistics partner for Indias leading industrial houses. Managing JSLs vast and complex supply chain seamlessly further reflects our ability to handle mission-critical operations with precision. We are confident that such milestones will further accelerate our growth trajectory as we continue delivering integrated, scalable, and future-ready logistics solutions across the country and beyond.
Western Carriers (India) is a player in the Indian logistics industry and engaged in providing single, multimodal, and other transportation services, warehousing, and other ancillary services.
Jindal Stainless is one of the largest manufacturers of Stainless Steel flat products in Austenitic, Ferritic, martensitic, and Duplex grades in India, used in a variety of industries like automobile, railways, construction, consumer goods, etc.
Shares of Jindal Stainless rose 1.01% to Rs 701.45 on the BSE.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content