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Logistics stock jumps 8% after it receives order worth ₹170 Cr from Hindustan Zinc

Prominent logistics company has secured a ₹170 crore, four-year contract with Hindustan Zinc Limited for transporting zinc and lead ingots across India, further bolstering its pan-India logistics capabilities.
Logistics stock surges 8% after securing a ₹170 crore order from Hindustan Zinc for transportation services.
Logistics stock surges 8% after securing a ₹170 crore order from Hindustan Zinc for transportation services.

Introduction:

Leading logistics firm has secured a ₹170 crore order from Hindustan Zinc Limited for transporting zinc and lead ingots across multiple smelting complexes, ports, and customer sites in India. The four-year contract strengthens its role in India’s logistics sector.

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Also Read: Stocks To Watch For Budget 2025

Share price movement of Western Carriers (India):

On January 31, 2025, Western Carriers (India) Ltd opened at ₹108.20, up 5.61% from its previous close of ₹101.65. The stock reached a high of ₹109.70 and a low of ₹105.40. By 10:13 AM, it traded at ₹107.35, with a market cap of ₹1,094.49 crore.

Western Carriers Secures ₹170 Crore Order:

Western Carriers (India) Ltd (WCIL) has secured a significant Rs. 170 crore order from Hindustan Zinc Limited (HZL) for transporting zinc and lead ingots from multiple smelting complexes to various ports and customer sites across India.

The four-year contract will involve both domestic and export movements, highlighting WCIL’s role in supporting HZL, the world’s largest integrated Zinc-Lead-Silver producer. With extensive operations across India, WCIL is well-positioned to meet HZL’s logistics needs.

WCIL operates more than 50 branch offices and 16 warehouses across 23 states, ensuring pan-India coverage. The company reported revenue of ₹854 crore for H1FY25, with a PAT of ₹37 crore, reflecting strong growth.

Recent news on Western Carriers (India):

As of January 03, 2025, Western Carriers (India) Ltd secured a ₹139 crore work order from Vedanta Ltd for material handling at the JSG Plant. The four-year contract includes handling import, finished goods, and export materials, aligning with the company’s corporate goals.

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

Western Carriers (India) Ltd has experienced a -5.06% return over the past week and a -10.9% return over the past month, indicating recent short-term declines. These trends may reflect market fluctuations or other external factors impacting the stock’s performance.

Also Read: Best Sectors To Watch For Budget 2025

Shareholding pattern of Western Carriers (India):

All values in %Dec 2024Sep 2024
Promoter71.90%71.90%
FII1.40%4.20%
DII9.50%9.10%
Public17.30%14.80%
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About Western Carriers (India):

Western Carriers (India) Ltd (NSE: WCIL) is a leading asset-light, multi-modal logistics company specializing in integrated solutions. With decades of experience, it serves key sectors like metals, FMCG, pharmaceuticals, and oil & gas, partnering with industry giants like Tata Steel and Hindalco.

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.

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