Western Carriers shares surge 10% after company wins Rs 558 crore logistics contract from Jindal Stainless
By Aman Shukla Published on June 26, 2025, 09:19 IST
Western Carriers (India) Ltd (WCIL) shares jumped 10% in morning trade after the company announced a major logistics contract win worth ₹558 crore from Jindal Stainless Limited (JSL). As of 9:18 AM, the shares were trading 8.81% higher at Rs 119.70.
The three-year agreement involves the transportation of slabs, coils, and sheet plates using DSO containers across multiple destinations in India. This development strengthens WCIL's ongoing relationship with JSL and reinforces its capability in handling complex and large-scale logistics operations in the metals and manufacturing sector.
Commenting on the development, Rajendra Sethia, Chairman and Managing Director of WCIL, said, 'This prestigious mandate reinforces our capabilities in managing large-scale, mission-critical logistics operations across India. We remain committed to delivering efficient and quality services to support the domestic industrial ecosystem.'
The deal positions Western Carriers as a key logistics partner for top-tier Indian corporations, underlining its strengths in scalability, reliability, and customer-centric operations. With this win, WCIL continues to expand its footprint in India's booming industrial supply chain sector.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
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Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at BusinessUpturn.com
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