Wcil share price: Multi -model logistics company Western Carriers India Ltd – WCIL has received a logistics contract of ₹ 558 crore from Jindal Stainless Limited (Jindal Stainless Ltd – JSL). The company informed about this deal on Wednesday, 25 June.
Consumption of stainless steel products across the country
Under this contract of three years, WCIL will have to supply slabs, coils and sheets of Jindal Stainless across the country. This distribution will be done through DSO containers. Rajendra Sethia, chairman and managing director of Western Carriers India, described the order as evidence of the company’s abilities in the “Mission-Critical Logistics Operations”.
Focus on railway-focused logistics services
Established in 2011 WCIL is an asset-light, multi-model 4PL logistics company focused on rail transport. The company provides adaptable logistics solutions through road, rail, water and air routes, as well as option of value-aided services.
Major customer and market status
WCIL customers include Tata Steel, Hindalco, Vedanta, Balco, Hul, Coca-Cola India, Tata Consumer Products, Wagh goat, Cipla, Haldia Petrochemicals and DHL.
WCIL shares
On Wednesday, WCIL shares closed at ₹ 110.50 on BSE on Wednesday, with a slight increase of 0.23%. The company has given a return of 16.85% during the last 1 month. However, the stock has come down 30.57% in the last 1 year. This year i.e. in 2005, the company has given more than 3% returns so far. WCIL’s market cap is ₹ 1.13 thousand crore.
Also read: Texmaco Rail Share Price: Railway Company gets a big international order, what will be the impact on shares?
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