Logistics stock jumps after it receives order worth ₹1,089 Cr from VedantaLogistics stock jumps after it receives order worth ₹1,089 Cr from Vedanta

Introduction:

Leading logistics company has secured a ₹1,089 crore contract from a major industrial player, marking one of the largest deals in India’s multimodal logistics sector. The four-year agreement includes transportation of aluminium products and EXIM shipments across key domestic and international hubs.

Also Read: Mukesh Ambani re-launches Shein in India; Will it destroy Trent and Nykaa?

Share price movement of Western Carriers:

On February 10, 2025, Western Carriers (India) Ltd opened at ₹113.95, up 0.61% from its previous close of ₹106.60. The stock reached a high of ₹113.95 and a low of ₹105.25. By 2:31 PM, it traded at ₹105.95, with a market cap of ₹1,080.22 crore.

Western Carriers Secures ₹1,089 Crore Logistics Contract:

Western Carriers (India) Ltd (WCIL) has won a ₹1,089 crore contract from Vedanta Limited, marking one of the largest deals in India’s multimodal logistics sector. The agreement strengthens WCIL’s position as a key logistics partner for large-scale industrial transportation.

The four-year contract, extending until 2028, includes transportation of aluminium ingots, billets, wire rods, pig iron, and EXIM shipments. WCIL will facilitate seamless multimodal logistics solutions, ensuring efficient cargo movement from Vedanta’s Jharsuguda facility to key domestic and international hubs.

This milestone deal highlights WCIL’s expertise in asset-light, rail-focused 4PL logistics, catering to Vedanta’s supply chain needs. The partnership reinforces India’s growing demand for integrated logistics services, enhancing connectivity between industrial plants, ports, and major domestic locations.

Recent news on Western Carriers:

As of January 30, 2025, Western Carriers (India) Ltd secured a ₹170 crore work order from Hindustan Zinc for transporting zinc and lead ingots from its smelting complexes to key ports, depots, and customer sites across India, strengthening its position in the logistics sector.

Stock performance of Western Carriers for Period of 1 week and 1 month:

Western Carriers (India) Ltd recorded a 1.98% gain over the past week, reflecting short-term positive momentum. However, its one-month return stood at -2.67%, indicating recent volatility. The performance suggests fluctuating market sentiment despite a brief upward movement in the last week.

Also Read: IT stock jumps 5% after it partners with MBDA for missiles and other platforms

Shareholding pattern of Western Carriers:

All values in %	Dec 2024	Sep 2024	Sep 20, 2024
Promoter	71.90%	71.90%	71.90%
FII	1%	4.20%	5.50%
DII	9.50%	9.10%	8.60%
Public	17.30%	14.80%	14.10%

About Western Carriers:

Western Carriers (India) Ltd (NSE: WCIL), founded in 1972, is a leading multimodal, rail-focused, 4PL asset-light logistics company. It provides integrated logistics solutions for sectors like metals, FMCG, and pharmaceuticals, serving key clients such as Tata Steel, Vedanta, and Cipla.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.