Western Carriers (India) Limited, a prominent player in the logistics and material handling sector, has announced that it has received a work order from Vedanta Limited for the Import, FG Domestic, and Export Material Handling at its JSG Plant. This contract, which will be executed over a period of four years, is valued at approximately Rs. 139 crores, marking a significant achievement for the company.

Contract Details and Scope
This contract is crucial as it covers a broad spectrum of material handling, including import, FG domestic, and export handling at the JSG Plant. This work order stands as a testament to Western Carriers' growing reputation in the logistics industry, as well as its ability to handle complex, high-value contracts from large entities like Vedanta Limited. The four-year tenure of the contract will provide a stable source of revenue for the company, enhancing its long-term prospects and operational efficiency.

Key Highlights of the Contract

• Duration: The contract is set for a 4-year period, allowing Western Carriers (India) to strengthen its presence in the domestic logistics market.
• Value: The estimated value of the order is Rs. 139 crores, which adds significant value to the company’s order book and operational pipeline.
• Nature of Contract: This work order pertains to the comprehensive handling of materials, spanning import, domestic, and export categories at the JSG Plant, underlining Vedanta Limited's trust in Western Carriers' logistical capabilities.

The announcement of this contract aligns with the provisions of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has fulfilled all disclosure requirements, ensuring that this development is in accordance with the recent SEBI circular SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, as stipulated by the governing body.

Strategic Importance for Western Carriers (India)
For Western Carriers, this contract signifies a major leap forward in securing high-profile, long-term projects. The work order will not only bring in consistent revenue but also help in building its portfolio of prestigious clients. The relationship with Vedanta Limited could potentially pave the way for more collaborative ventures in the future, enhancing Western Carriers' position in the competitive logistics landscape.

The company’s workforce is expected to benefit from this new contract, with enhanced operational involvement and the potential for upskilling in handling high-volume material at a global standard. Furthermore, the partnership with Vedanta Limited underscores the growing demand for logistics services in India, especially in sectors related to mining, minerals, and heavy industries.

Conclusion and Future Outlook
This work order from Vedanta Limited marks a significant achievement for Western Carriers (India), not just in terms of immediate revenue, but also in enhancing its reputation and capabilities in the material handling sector. Over the next four years, the company plans to leverage this opportunity to expand its footprint and deliver exceptional service to Vedanta.

In addition to this contract, the company is focused on diversifying its services, tapping into newer markets, and expanding its capabilities in the logistics and material handling sectors. As the business continues to grow, Western Carriers (India) is poised for more such high-profile contracts, which could further bolster its standing in the industry.

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