Western Carriers Share Price Jumps 12% on ₹558 Crore Order from Jindal Stainless

Market Performance

Western Carrier's share price surged by 12% during early trade on Thursday, June 26, touching a 5-month high of ₹123 per share.

This sharp move follows the company's announcement of a substantial work order win, which has significantly boosted investor sentiment.

• Current Share Price: ₹123
• Percentage Gain (Intraday): 12%
• 5-Month High Achieved
• Stock Performance Since May:
  • May: +36%
  • June (So far): +18%
  • Overall in < 2 months: +86%
• Still 30% below the IPO price of ₹172

Main News

Western Carriers (India) Limited announced a ₹558 Crore logistics contract from Jindal Stainless Limited (JSL).

• Order Value: ₹558 Crore
• Client: Jindal Stainless Limited
• Scope: Dispatch of slabs, coils, and sheet plates
• Execution Period: 3 years
• Coverage: Destinations across India
• Mode of Logistics: DSO containers

This new contract is expected to solidify further Western Carriers' positioning in India's logistics and metals transportation segment.

Company Details

Western Carriers is among India's leading multi-modal, rail-focused logistics providers.

The company operates on an asset-light 4PL model, offering:

• Customized 3PL and 4PL logistics solutions
• Integration across road, rail, water, and air transport
• Value-added services along the supply chain

This latest contract reinforces Western Carriers' track record in handling mission-critical logistics operations, especially within the manufacturing and metals sector.

Notably, this is the second significant order the company has received from Jindal Stainless in June alone.

Previous Order:

• Date: Earlier in June
• Value: ₹27.73 crore
• Purpose: Hiring of trailers for container movement at Jindal's Jajpur plant
• Execution Period: 2 years

Summary of the Article

• Western Carrier's share price jumped 12% after bagging a ₹558 Crore order from Jindal Stainless.
• The order involves logistics for metal products across India, utilizing DSO containers over three years.
• This is the second order from Jindal Stainless in less than a month, with a previous ₹27.73 Crore trailer movement contract.
• Despite the recent rally, the stock remains 30% below its IPO price of ₹172.
• The company continues to demonstrate its strength as a leading multi-modal logistics provider in India.