Major Order Bagged: Small-cap Railway Company Secures Rs 558 Crore Contract with Jindal Stainless

The stock has a 52-week high of Rs 166.3 and a low of Rs 71.04.

Western Carriers (India) Limited (WCIL), a prominent logistics and supply chain company, has secured a major contract worth approximately Rs 558 crore from Jindal Stainless Limited. The three-year work order covers the dispatch and transportation of slabs, coils, and sheet plates in DSO containers to various locations across India. This agreement not only deepens WCIL’s existing relationship with Jindal Stainless but also reinforces its operational presence in the manufacturing and metals logistics segment.

Commenting on the development, Mr. Rajendra Sethia, Chairman and Managing Director, Western Carriers (India) Limited, said, “This is a prestigious mandate that reinforces our capabilities in managing large-scale, mission-critical logistics operations across India. We remain committed to delivering efficient and quality services to support the domestic industrial ecosystem.” This order further positions WCIL as a preferred logistics partner for India’s leading corporates, reaffirming its commitment to scalability, operational excellence, and customer-centricity.

Founded in 1972, Western Carriers operates as a multi-modal, rail-focused, asset-light logistics provider. It delivers integrated supply chain solutions across road, rail, water, and air transport. WCIL also offers freight forwarding, shipping, air cargo, trucking, storage, and distribution services. With more than 50 branches, 16 leased warehouses, and over 500 GPS-enabled trucks, the company services major clients like Hindalco, Tata, and Vedanta. In FY25, the revenue mix was dominated by metals at 55 per cent, followed by FMCG at 19 per cent. WCIL’s recent order book includes contracts from Bharat Aluminium Company Limited and Shriram Alkali & Chemicals.

As of June 25, 2025, WCIL’s stock is trading at Rs 110.7. The stock has a 52-week high of Rs 166.3 and a low of Rs 71.04. The company’s market capitalisation stands at Rs 1,124 crore with a price-to-earnings (PE) ratio of 17.26. Although WCIL is not currently classified as a multibagger stock, the large order inflow and strong sectoral presence could positively influence investor sentiment in the Indian stock market.

Disclaimer: The article is for informational purposes only and not investment advice.