Western Carriers (India) Ltd. (WCIL), trading at ₹114.5, up 3.5%, has announced a significant contract win. The company has secured a work order valued at ₹230 crore from Jindal Stainless Limited (JSL).
The order encompasses an end-to-end EXIM agreement for the rail transportation of EXIM containers from various ports to JSL’s siding. This includes custom clearance at Jajpur plant, return of empty/export laden containers, and last mile delivery of empty containers to nominated CFS/yard of the shipping lines and related activities. The agreement is set for a period of 3 years.
The announcement was made outside market hours.
source: Corporate Announcement