Latest news with #WesternCarriers
Business Standard
27-06-2025
- Business
- Business Standard
Western Carriers (India) rises on securing Rs 230-cr order from Jindal Stainless
Western Carriers (India) rose 2.97% to Rs 117.85 after the company announced that it has secured a work order worth approximately Rs 230 crore from Jindal Stainless (JSL). The three-year contract involves providing an integrated EXIM logistics solution, including rail transportation of containers from various ports to Jindal Stainless plant siding, customs clearance at the Jajpur facility, return movement of empty and export-laden containers, last-mile delivery to designated container freight stations (CFS) or shipping line yards, and other related logistics services. Rajendra Sethia, Chairman & Managing Director, Western Carriers (India), said, Securing this prestigious contract from Jindal Stainless is a strong endorsement of WCILs proven execution capabilities and trusted partnership. 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 Indias leading industrial houses. Managing JSLs vast and complex supply chain seamlessly further reflects our ability to handle mission-critical operations with precision. We are confident that such milestones will further accelerate our growth trajectory as we continue delivering integrated, scalable, and future-ready logistics solutions across the country and beyond. 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 1.01% to Rs 701.45 on the BSE.
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Business Standard
27-06-2025
- Business
- Business Standard
Western Carriers shares jump 6% on ₹230 crore order from Jindal Stainless
Shares of Western Carriers (India) Limited rose another 6 per cent on Friday, on securing a work order from Jindal Stainless Limited for the second straight day. The logistics solution provider's stock rose as much as 5.75 per cent during the day to ₹121 per share, the highest level since January 6 this year. The stock pared gains to trade 3.3 per cent higher at ₹118.2 apiece, compared to a 0.05 per cent advance in Nifty 50 as of 10:22 AM. This rally comes a day after the stock rallied as much as 11 per cent on Thursday. Shares of the company extended gains to their sixth straight day on Friday, gaining nearly 15 per cent in the process. From its April lows, the stock has surged nearly 72 per cent. The counter has risen 7.8 per cent this year, compared to an 8.12 per cent advance in the benchmark Nifty 50. Western Carriers has a total market capitalisation of ₹1,254.56 crore, according to BSE data. Track LIVE Stock Market Updates Here Western Carriers bags work order from Jindal Stainless The company secured a ₹230 crore work order from Jindal Stainless for a three-year integrated EXIM logistics contract, according to an exchange filing on Thursday. The deal includes rail transportation of containers from various ports to JSL's plant siding, customs clearance at its Jajpur facility, return movement of empty and export-laden containers, and last-mile delivery to designated container freight stations or shipping line yards, it said. Securing this prestigious contract from Jindal Stainless Limited is a strong endorsement of Western Carriers' proven execution capabilities and trusted partnership, said Rajendra Sethia, chairman and managing director, Western Carriers. "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 company said that it secured an ₹558 crore work order from Jindal Stainless for the transportation of slabs, coils, and sheet plates in DSO containers to various destinations across India. Earlier this month, it 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. 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.
Business Upturn
27-06-2025
- Business
- Business Upturn
Western Carriers shares jump 5% after securing Rs 230 crore logistics deal from Jindal Stainless
Western Carriers Ltd saw its shares climb 5% in morning trade on Friday after the company announced a major logistics contract win from Jindal Stainless Limited (JSL). The work order is valued at approximately ₹230 crore and spans a three-year period. Under the agreement, Western Carriers will provide a fully integrated EXIM (export-import) logistics solution. This includes the rail transport of containers from key Indian ports to JSL's plant siding, customs clearance at Jindal's Jajpur facility, and the return movement of both empty and loaded export containers. Additionally, the company will handle last-mile delivery to container freight stations (CFS) or shipping line yards, along with other related logistics services. This order marks a significant boost for Western Carriers, reinforcing its position as a key logistics partner for India's major industrial players. The company's ability to offer end-to-end multimodal solutions appears to be paying off, particularly at a time when efficient and integrated logistics are critical to managing supply chains. 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
Business Standard
26-06-2025
- 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
26-06-2025
- 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.
