Shares of Western Carriers (India) Limited (WCIL) surged 7.07% to ₹108.80 as of 9:22 AM, following the announcement of a significant ₹170 crore contract awarded by Hindustan Zinc Limited (HZL). The contract entails the transportation of finished goods, including zinc and lead ingots, from HZL’s smelting complexes to various locations across India.
The scope of the contract includes both domestic and export movements from key smelting locations, such as the Chanderiya Lead Zinc Smelter, Zinc Smelter Debari, Dariba Smelting Complex in Rajasthan, and the Pantnagar Metal Plant in Uttarakhand. Shipments will be transported to major ports, including Mundra, Pipavav, and Mumbai, along with deliveries to HZL’s depots and customer sites.
This four-year contract strengthens Western Carriers’ position in the logistics and transportation sector, ensuring a steady flow of business with one of India’s leading zinc producers. The agreement also enhances Western Carriers’ operational footprint, as it expands its presence in industrial transportation, reinforcing its capabilities in both domestic and export logistics.
Western Carriers’ stock hit an intraday high of ₹109.86 and a low of ₹105.00, with a trading volume of 2.52 lakh shares. The upper circuit limit stands at ₹121.94, while the lower circuit limit is ₹81.29.
Disclaimer: The above article is for informational purposes only and does not constitute financial advice. Investors are advised to conduct their own due diligence before making investment decisions.
