Shares of Western Carriers India gained after it secured a ₹230 cr work order from Jindal Stainless for a 3-year integrated EXIM logistics contract.
An EXIM logistics contract refers to a logistics agreement that handles the Export-Import (EXIM) operations of goods.
Western Carriers is a multi-modal, rail-focused logistics company. It offers fully customisable, multi-modal logistics solutions encompassing road, rail, water & other range of services.
The deets: 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.
Why it matters: the order reaffirms Western Carriers India's position as a preferred end-to-end logistics partner for leading industrial houses in India.