Latest news with #RajendraSethia
Business Standard
2 hours ago
- Business
- Business Standard
Western Carriers surges on securing Rs 558-cr order from Jindal Stainless
Western Carriers (India) jumped 8.94% to Rs 120.60 after the company announced that it has secured a work order valued at approximately Rs 558 crore from Jindal Stainless (JSL). The contract lasts for three years and involves moving stainless steel products throughout the country. According to the agreement, Western Carriers India will manage the delivery of slabs, coils, and sheet plates in DSO containers to different locations across India. Rajendra Sethia, Chairman and Managing Director, Western Carriers India, said, This is a prestigious mandate that 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. 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 1.25% to Rs 682.05 on the BSE.
Mint
2 hours ago
- Business
- Mint
Western Carriers share price surges 12% after ₹558 crore order win from Jindal Stainless
Western Carriers share price in focus: Western Carriers (India), a recent entrant to the Indian stock market, saw its share price jump 12% in early morning trade on Thursday, June 26, reaching a 5-month high of ₹ 123 apiece following an order win from Jindal Stainless Limited. In a stock exchange filing on Wednesday, the company informed investors that it had secured a work order valued at approximately ₹ 558 crore for the dispatch of slabs, coils, and sheet plates in DSO containers to multiple destinations across India. The contract, awarded by Jindal Stainless Limited (JSL), will be executed over a period of three years. "This engagement further strengthens the longstanding relationship between WCIL and JSL and showcases WCIL's capability to deliver comprehensive and dependable logistics services for the manufacturing and metals sector," the company said in the filing. Commenting on the development, Mr. Rajendra Sethia, Chairman and Managing Director of Western Carriers (India) Limited, said, "This is a prestigious mandate that 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.' This marks the second order win from Jindal Stainless in less than a month. Earlier in June, the company secured a ₹ 27.73 crore contract for the hiring of trailers on a trip basis for container movement within Jindal Stainless' plant in Jajpur, Odisha, to be executed over two years. The company made its stock market debut in September last year, listing at ₹ 171 per share, close to its IPO price of ₹ 172. It struggled over the following eight months, closing in the red each month and falling to ₹ 65 per share. However, the stock picked up momentum in May, surging 36%, its first monthly gain since listing. The rally has continued into the current month as well, with the stock gaining another 18% so far. Despite this recovery, the stock is still trading around 30% below its IPO price. The company is one of India's largest multi-modal, rail-focused, 4PL asset-light logistics providers, offering customized end-to-end 3PL and 4PL logistics solutions. It integrates road, rail, water, and air transport, along with value-added services across the supply chain.
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Business Standard
3 hours ago
- Business
- Business Standard
Western Carriers share zooms 12% on bagging ₹558-crore deal from JSL
Western Carriers share price: Logistics solution provider Western Carriers (WCIL) share price rose as much as 12.01 per cent to hit an intraday high of ₹124 per share on Thursday, June 26, 2025. At 10:55 AM, Western Carriers share price was trading 7.32 per cent higher at ₹118.80 per share. In comparison, BSE Sensex was 0.37 per cent higher at 83,059.09 levels. Why did Western Carriers share price rise today? Western Carriers share rose after it secured a work order valued at approximately ₹558 crore from Jindal Stainless Limited (JSL). The three-year contract entails the transportation of slabs, coils, and sheet plates in DSO containers to various destinations across India. The deal further deepens WCIL's longstanding partnership with JSL and highlights its strength in providing reliable, end-to-end logistics solutions to the manufacturing and metals industries. 'This is a prestigious mandate that 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,' said Rajendra Sethia, chairman and managing director, Western Carriers. At the beginning of the month, the company received a work order worth about ₹27.73 crore from Jindal Stainless Limited (JSL) for hiring and trip basis of trailers for container movement inside the JSL plant in Jajpur. Western Carriers Q4 results In Q4FY25, Western Carriers reported revenue from operations of ₹429 crore, up 6.7 per cent year-on-year (Y-o-Y) from ₹402 crore in Q4FY24. For the full financial year FY25, revenue stood at ₹1,726 crore, marking a modest 2.4 per cent increase over FY24. Ebitda for the fourth quarter came in at ₹25 crore, translating to an Ebitda margin of 5.8 per cent. On a full-year basis, Ebitda stood at ₹120 crore, with the margin improving to 6.9 per cent. Profit after tax (PAT) for Q4FY25 was ₹14 crore, with a PAT margin of 3.3 per cent. For the entire fiscal year, PAT reached ₹65 crore, resulting in a PAT margin of 3.8 per cent. In terms of operational volumes, domestic TEUs rose sharply to 79,840 in FY25 from 60,863 in FY24, indicating strong growth in local logistics demand. However, EXIM (export-import) volumes declined to 1,33,635 TEUs from 1,51,637 TEUs in the previous year. About Western Carriers Western Carriers (India) Ltd is among India's leading asset-light, multi-modal logistics providers with a strong focus on rail-based transport. Leveraging a scalable, technology-driven model, Western Carriers offers customised end-to-end 3PL and 4PL logistics solutions that seamlessly integrate road, rail, water, and air transport, along with a suite of value-added supply chain services. Established in 1972 by Rajendra Sethia as a rail-centric logistics venture and formally incorporated as Western Carriers in 2013, the company has grown over five decades into a trusted partner for integrated, single-window logistics solutions, designed to meet complex operational requirements.
Business Upturn
3 hours ago
- Business
- Business Upturn
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. Ahmedabad Plane Crash 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
Mint
4 hours ago
- Business
- Mint
Western Carriers share price surges 12% after ₹558 crore order win from Jindal Stainless
Western Carriers share price in focus: Western Carriers (India), a recent entrant to the Indian stock market, saw its share price jump 12% in early morning trade on Thursday, June 26, reaching a 5-month high of ₹ 123 apiece following an order win from Jindal Stainless Limited. In a stock exchange filing on Wednesday, the company informed investors that it had secured a work order valued at approximately ₹ 558 crore for the dispatch of slabs, coils, and sheet plates in DSO containers to multiple destinations across India. The contract, awarded by Jindal Stainless Limited (JSL), will be executed over a period of three years. "This engagement further strengthens the longstanding relationship between WCIL and JSL and showcases WCIL's capability to deliver comprehensive and dependable logistics services for the manufacturing and metals sector," the company said in the filing. Commenting on the development, Mr. Rajendra Sethia, Chairman and Managing Director of Western Carriers (India) Limited, said, "This is a prestigious mandate that 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.' This marks the second order win from Jindal Stainless in less than a month. Earlier in June, the company secured a ₹ 27.73 crore contract for the hiring of trailers on a trip basis for container movement within Jindal Stainless' plant in Jajpur, Odisha, to be executed over two years. The company made its stock market debut in September last year, listing at ₹ 171 per share, close to its IPO price of ₹ 172. It struggled over the following eight months, closing in the red each month and falling to ₹ 65 per share. However, the stock picked up momentum in May, surging 36%, its first monthly gain since listing. The rally has continued into the current month as well, with the stock gaining another 18% so far. Despite this recovery, the stock is still trading around 30% below its IPO price. The company is one of India's largest multi-modal, rail-focused, 4PL asset-light logistics providers, offering customized end-to-end 3PL and 4PL logistics solutions. It integrates road, rail, water, and air transport, along with value-added services across the supply chain. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before taking any investment decisions.
