Shares of Western Carriers (India) Limited surged 8% on Friday, 27 June, after winning a work order from Jindal Stainless Limited for the second day running. 

The company received a Rs 230 crore work order from Jindal Stainless for a three-year integrated EXIM logistics contract, as per an exchange filing on Thursday. 

The agreement calls for rail transportation of containers from various ports to JSL’s plant siding, customs clearance at its Jajpur facility, the return movement of empty and export-laden containers, and last-mile delivery to approved container freight stations or shipping line yards, according to the company.

Rajendra Sethia, chairman and managing director of Western Carriers, stated that securing this important contract from Jindal Stainless Limited is a great affirmation of the company’s proven execution capabilities and trusted collaboration. “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 India’s leading industrial houses.”

On Wednesday, the business announced a Rs 558 crore work order from Jindal Stainless for transporting slabs, coils, and sheet plates in DSO containers to various destinations in India.  Earlier this month, it received a work order for roughly Rs 27.73 crore from Jindal Stainless Limited (JSL) for rental and trip basis of trailers for container movement within the JSL factory in Jajpur.

Western Carriers (India) Ltd is one of India’s top asset-light, multimodal logistics providers, with a significant emphasis on rail transport. Western Carriers, using a scalable, technology-driven platform, provides customized end-to-end 3PL and 4PL logistics solutions that seamlessly integrate road, rail, water, and air transportation, as well as a suite of value-added supply chain services.

At 12:09 pm, the shares of Western Carriers were trading 6.9% higher at Rs 122.35 on NSE.

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