Alice Blue Home
URL copied to clipboard

Trending News

Logistics stock jumps 9% after it receives order worth ₹139 Cr from Vedanta

Prominent logistics company has secured a ₹139 crore order from Vedanta Ltd. for material handling at Jharsuguda Plant, enhancing its partnership and paving the way for future opportunities in the mining sector.
Logistics stock surges 9% after securing ₹139 Cr order from Vedanta for material handling services.

Introduction:

Leading logistics company has secured a ₹139 crore material handling order from Vedanta Ltd. The four-year contract will cover import, domestic, and export material handling at the Jharsuguda plant, strengthening its partnership and opening future opportunities.

Alice Blue Image

Also Read: Stocks to Consider for This New Year 2025

Share price movement of Western Carriers:

On January 3, 2025, Western Carriers (India) Ltd opened at ₹115.35, down 0.09% from its previous close of ₹115.40. The stock reached a high of ₹131.00 (7.32%) and a low of ₹115.35. By 10:47 AM, it traded at ₹123.85, a 7.32% increase, with a market cap of ₹1,263.73 crore.

Western Carriers Wins ₹139 Crore Order:

Western Carriers India Ltd (WCIL) has secured a significant material handling order worth ₹139 crore from Vedanta Ltd. The order will cover Import, Finished Goods Domestic, and Export Material Handling at Vedanta’s Jharsuguda Plant for a period of four years.

This strategic partnership strengthens WCIL’s relationship with Vedanta Ltd., opening opportunities for further projects in the mining and mineral sector. The new contract highlights WCIL’s expertise in providing high-quality, rail-focused supply chain solutions across India.

WCIL’s comprehensive logistics services span road, rail, and sea/river transport, offering efficient solutions for both domestic and EXIM cargo. The company continues to expand its footprint within the logistics industry.

Alice Blue Image

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

Western Carriers (India) Ltd has seen a decline of 3.42% in the past week and 10.5% over the last month. Despite recent losses, the company remains focused on delivering strong logistics solutions across sectors.

Also Read: Stock under ₹25 hits 10% upper circuit after company to enter into MoU with Singapore based semiconductor company

Shareholding pattern of Western Carriers:

All values in %Sep 2024
Promoter71.90%
FII4.20%
DII9%
Public14.80%

About Western Carriers:

Western Carriers (India) Ltd (NSE: WCIL) is a leading logistics company specializing in multi-modal, rail-focused solutions. With decades of experience, it serves sectors like metals, FMCG, pharmaceuticals, and oil, providing efficient, customized supply chain services.

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.

Loading
Read More News