Shares of North Eastern Carrying Corporation Ltd (NECC) jumped 11.98% to ₹23.28 in Friday’s session after the company secured a major contract from Tata Steel Limited. As per the company’s disclosure dated March 27, 2025, it has been awarded a five-year contract to transport steel products (Coils, Sheets, Tubes) from Tata Steel’s Sahibabad facility to various destinations using electric heavy vehicles (EVs). This move marks NECC’s foray into large-scale EV logistics.
According to the official filing, the contract may be extended for an additional year based on mutual agreement. NECC emphasized its commitment to expanding operations in EV logistics, positioning itself in line with evolving sustainable transportation trends.
At the time of writing, the stock was trading at ₹23.28, up ₹2.49 from the previous close of ₹20.79. The day’s range was between ₹21.60 and ₹23.72, with a market capitalization of ₹2.33 crore and average volume of 188.63K shares. The P/E ratio stands at 19.59.
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