Shares of Western Carriers (India) Limited (WCIL) rallied close to 10% on January 3 to ₹126.05, following the announcement of a significant material handling contract with Vedanta Limited. This four-year agreement, valued at Rs 139 crore, highlights WCIL’s growing stature in the logistics and material handling industry.
Key Highlights of the Vedanta Contract:
- Awarding Entity: Vedanta Limited, a major player in India’s natural resources sector.
- Scope of Work: Comprehensive material handling services, including:
- Import Handling: Managing inbound raw materials efficiently.
- Domestic Handling: Streamlining logistics for finished goods across India.
- Export Handling: Facilitating export processes for international shipments.
- Contract Duration: Fixed tenure of four years.
- Order Value: Rs 139 crore, showcasing the scale of the project.
- Promoter Transparency: WCIL clarified that neither its promoters nor group companies have any vested interest in Vedanta, ensuring a transparent and unrelated transaction.
WESTERN CARRIERS (IND) L Share Price history
| Day | Open | Close | Change % |
|---|---|---|---|
|
Thu, Jan 2 2025
|
₹115.80
|
₹115.90
|
|
|
Wed, Jan 1 2025
|
₹114.05
|
₹115.04
|
|
|
Tue, Dec 31 2024
|
₹114.70
|
₹114.05
|
-0.57%
|
|
Mon, Dec 30 2024
|
₹120.89
|
₹114.70
|
-4.42%
|
|
Fri, Dec 27 2024
|
₹112.80
|
₹120.00
|
|
|
Thu, Dec 26 2024
|
₹112.90
|
₹111.93
|
|
|
Tue, Dec 24 2024
|
₹111.95
|
₹110.73
|
-0.28%
|
|
Mon, Dec 23 2024
|
₹114.05
|
₹111.04
|
-1.22%
|
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
