18 Oct 2024

Western Carriers Secures Rs 41 Crore Contract, Shares Rise

Western Carriers (India) is seeing a positive trend in its stock price, trading at Rs. 149.30, which marks an increase of 3.90 points or 2.68% from its last close at Rs. 145.40 on the BSE.

The stock opened at Rs. 149.00, hitting a high of Rs. 151.05 and a low of Rs. 146.25 during the session. A total of 32,280 shares have been traded so far.

This 'B' group stock, with a face value of Rs. 5, reached its 52-week high of Rs. 177.00 on 24th September 2024, and its lowest at Rs. 140.95 on 7th October 2024. Over the past week, the stock ranged between Rs. 156.35 and Rs. 145.00. The company's current market capitalization stands at Rs. 1,529.33 crore.

Promoters hold a majority stake of 71.89%, while the public owns 28.11% of the company.

Western Carriers (India) (WCIL) has won an exclusive contract to manage in-plant logistics and container rake transportation for Tata Steel Sponge Iron Joda (TSSIJ) plant in Joda, Odisha, for a duration of three years. The contract is valued at approximately Rs 41 crore.

The contract covers full logistics support, including the transportation of both loose and bagged direct reduced iron (DRI/Sponge Iron). The company is known for delivering reliable logistics solutions across multiple industries.

Western Carriers (India) is a key player in India's logistics sector, offering multimodal transport, warehousing, and other related services.