Western Carriers (India) Limited (WCIL) has officially announced that it has secured a significant work order worth approximately ₹27.73 crore from Jindal Stainless Limited (JSL). This strategic development is aligned with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and was communicated to both the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE) through formal intimation dated 04 June 2025.

The work order pertains specifically to the hiring and trip-basis deployment of trailers for container movement within JSL’s industrial plant located in Jajpur, Odisha. This contract is set to be executed over a two-year period, offering a steady revenue stream and reaffirming WCIL’s presence in the specialized logistics segment.

Key Contract Details as Disclosed in Annexure I

According to the attached Annexure I in the exchange communication, the company disclosed the following detailed information in compliance with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated 13 July 2023:

1. Entity Awarding the Contract:
   The work order has been awarded by Jindal Stainless Limited, one of India’s leading manufacturers of stainless steel products.

2. Nature and Terms of Contract:
   The agreement is for hiring and trip-basis services of trailers to facilitate internal container movement inside the JSL plant in Jajpur.

3. Domestic Origin:
   The order has been awarded by a domestic entity, i.e., JSL, underscoring the company’s growing footprint in domestic logistics partnerships.

4. Duration of Execution:
   The project will span a time frame of two years, indicating a long-term logistical engagement between the two companies.

5. Order Size:
   The broad consideration for this order is approximately ₹27.73 crores, a sizeable amount in the logistics sector, especially in intra-factory trailer movements.

6. Promoter and Related Party Status:
   WCIL clarified that neither the promoter nor the promoter group or group companies have any financial or operational interest in JSL in connection with this contract. Moreover, the transaction does not fall under related party transactions.

Strategic Significance of the Order

This order reaffirms WCIL’s strategic commitment to strengthening its industrial and container logistics services. Handling internal container movements within a large-scale manufacturing setup such as JSL’s Jajpur plant demands not only efficiency and reliability, but also adherence to operational safety and precision timing.

WCIL’s engagement in this project places it at the forefront of specialized industrial logistics solutions, especially in high-volume manufacturing environments where internal material handling is a critical element of the supply chain.

Impact on Company Positioning and Growth

With this deal, WCIL enhances its presence in the Indian logistics value chain, particularly in the contract logistics space. The ₹27.73 crore contract is expected to contribute materially to the company’s revenues over the next 24 months. It also demonstrates the company's capability to meet the customized needs of large industrial clients, which can potentially lead to further opportunities across the metals and manufacturing sectors.

Furthermore, securing this order from a reputed client like JSL lends credibility and trust to WCIL’s operations. It positions the company to pursue similar engagements across steel, infrastructure, energy, and automotive sectors, where movement of containers, heavy cargo, or in-factory logistics is an operational necessity.

Broader Industry Context

The Indian logistics and warehousing sector is undergoing a structural transformation, fueled by Make in India, PLI schemes, and rising demand for intra-plant logistics. Companies like WCIL are positioned at the crux of this transformation, offering specialized and scalable solutions for large enterprises.

Jindal Stainless Limited, known for its extensive stainless steel production capabilities, is a significant player in this evolving landscape. Their partnership with WCIL for container trailer services suggests an increasing trend of outsourcing non-core logistics functions to third-party providers with domain expertise.

Regulatory Transparency and Investor Relations

The company has adhered to all disclosure norms under SEBI LODR, including referencing the July 2023 SEBI circular. By proactively communicating this development through stock exchange filings, WCIL has ensured transparent and timely dissemination of material information to its stakeholders.

This clarity not only reinforces good governance practices but also helps investors better understand the order pipeline, revenue visibility, and operational engagement of the company.

Conclusion

The ₹27.73 crore work order from Jindal Stainless Limited marks a notable win for Western Carriers (India) Limited. It not only signifies the company's growing stature in industrial logistics but also reflects trust from a marquee client in the manufacturing sector.

With a focus on execution excellence, compliance transparency, and sector-specific solutions, WCIL appears well-poised for sustained growth in India’s logistics ecosystem. Investors and stakeholders may look forward to further developments as the company continues to pursue similar contracts and long-term engagements.

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