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Western Carriers jumps on bagging contract worth Rs 41 crore
Oct-18-2024

Western Carriers (India) is currently trading at Rs. 149.30, up by 3.90 points or 2.68% from its previous closing of Rs. 145.40 on the BSE.

The scrip opened at Rs. 149.00 and has touched a high and low of Rs. 151.05 and Rs. 146.25 respectively. So far 32280 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 177.00 on 24-Sep-2024 and a 52 week low of Rs. 140.95 on 07-Oct-2024.

Last one week high and low of the scrip stood at Rs. 156.35 and Rs. 145.00 respectively. The current market cap of the company is Rs. 1529.33 crore.

The promoters holding in the company stood at 71.89%, while Public held 28.11% stake in the company.

Western Carriers (India) (WCIL) has been selected as the sole supply chain partner for in-plant logistics & container rake transportation for Tata Steel Sponge Iron Joda (TSSIJ) plant in Joda, Odisha for a three-year period. The order value for handling contract is about Rs 41 crore.

This order entails entire logistics support and container rake transportation for both loose and bagged direct reduced iron (DRI/ Sponge Iron). The Company has a proven track record of serving diverse customers across industries.

Western Carriers (India) is a player in the Indian logistics industry and engaged in providing single, multimodal and other transportation services, warehousing and other ancilliary services.

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