Penny Stock Under Rs 100: Small-cap Railway Company Secures Rs 23 Crore Rake Transport Work Order To Vedanta Lanjigarh From Shriram Alkali
On a YTD basis, the stock is down by 34 per cent, but in the last month, it has gained over 11 per cent.
Western Carriers (India) Ltd (WCIL), a logistics company, has announced that it has received a significant work order from Shriram Alkali & Chemicals, a unit of DCM Shriram Ltd. The intimation, dated today, May 7, 2025.
The work order is for the "rake transport of CSL to Vedanta Lanjigarh" and is valued at approximately Rs 23 crores. The duration of this contract is for a period of 1 year. The nature of the contract specifically pertains to the transportation of CSL to Vedanta Lanjigarh via rake.
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Western Carriers (India) Ltd. is primarily involved in the business of providing logistics solutions. Their services span the supply chain, including road and rail transport. They offer value-added services encompassing production, packaging, export, arrival, customs clearance, and multimodal transport, aiming to provide efficient and customised logistics solutions to their clients. The recent work order for the rake transport of CSL to Vedanta Lanjigarh highlights their capability in handling large-scale transportation projects.
Clientelle: Tata Steel, Hindalco Ltd, BALCO, HUL, Coca cola India, Tata Consumer, Cipla Ltd, GHCL ltd, etc. and has served over 1,100 clients.
The stock is currently trading at Rs 75 with a market capitalisation of Rs 766 crore. On a YTD basis, the stock is down by 34 per cent, but in the last month, it has gained over 11 per cent.
Disclaimer: The article is for informational purposes only and not investment advice.