The share price for Western Carriers India Ltd. surged over 11% on Thursday, after the company received a Rs 558-crore order from Jindal Stainless Ltd.
The three-year contract involves the dispatch of slabs, coils, and sheet plates in DSO Containers to multiple destinations across India, according to an exchange filing.
This engagement strengthens the relationship between WCIL and JSL. This contract also highlights Western Carriers' ability to deliver logistic services for the manufacturing and metals sector, it said.
"This is a prestigious mandate that reinforces our capabilities in managing large-scale, mission critical logistics operations across India," said Rajendra Sethia, chairperson and managing director of Western Carriers India.
"We remain committed to delivering efficient and quality services to support the domestic industrial ecosystem," he added.
Western Carriers is one of India's largest multi-modal, rail-focused, 4PL asset-light logistics companies. With a scalable, technology-enabled business model, WCIL delivers customised, end-to-end 3PL and 4PL logistics solutions, integrating road, rail, water, and air transport along with value-added services across the supply chain.
Founded as a rail-centric logistics venture by Rajendra Sethia in 1972 and incorporated under WCIL in 2013, the company has evolved over five decades to become a partner for integrated, single-window logistics solutions tailored to complex operational needs.
Western Carriers Share Price Today
The scrip rose as much as 11.16% to Rs 123 apiece, the highest level since Jan. 6, 2025. It pared gains to trade 4.12% higher at Rs 115.36 apiece, as of 1:41 p.m. This compares to a 0.74% advance in the NSE Nifty 50.
The stock has risen 1.18% on a year-to-date basis. Total traded volume so far in the day stood at 9.7 times its 30-day average. The relative strength index was at 50.49.
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