In a significant development for Western Carriers (India) Limited, the company has announced the receipt of a work order from Lhaki Steels & Rolling Pvt. Ltd., a prominent company in Bhutan. This work order pertains to rake movement services, marking a major step for the company as it extends its services beyond domestic borders into international territories. The order's total value is approximately Rs. 23 crores, reflecting the scale and importance of the contract for the company.

Key Details of the Work Order

The work order from Lhaki Steels & Rolling Pvt. Ltd. will involve rake movement, an essential service in the transportation and logistics sector. The contract is set to be executed over the next one year, establishing a firm timeline for the company's involvement in this high-value project. The move into Bhutan highlights Western Carriers' growing presence in the international logistics market.

The order is part of Western Carriers' strategic push to expand its footprint, especially in international markets, and it aligns with the company's long-term objectives to diversify its services. With this contract, the company is poised to make a significant impact in the international logistics space, particularly in rail transport and cargo management.

No Related Party Transactions

It is important to note that the work order does not involve any related party transactions, and there are no interests from promoters or group companies in Lhaki Steels & Rolling Pvt. Ltd.. This ensures that the order was awarded in a fair and transparent manner, adhering to the standards set by SEBI and the regulations around corporate governance.

As Western Carriers (India) Limited continues to grow and secure significant contracts like this, the company's reputation in the logistics sector is strengthened. The contract with Lhaki Steels is a testament to the company's ability to handle large-scale, international projects and its commitment to expanding its operational capabilities.

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