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Navkar Corporation Ltd ( (IN:NAVKARCORP) ) just unveiled an update.
Navkar Corporation Ltd has received a Letter of Acceptance from Central Railway’s Mumbai Division for the development of a Gati Shakti Multi-Modal Cargo Terminal at Somathane, fully on railway land, under the GCT policy. The contract, valued at approximately Rs 63.22 crore with a 35-year licence period for the railway land, requires construction to commence within three months of construction approval and be completed within 18 months thereafter. The new terminal is expected to significantly expand Navkar’s logistics infrastructure, enhance its integrated cargo handling capabilities and customer service offerings, and reinforce its strategic positioning in the regional cargo and rail-linked logistics market.
More about Navkar Corporation Ltd
Navkar Corporation Ltd is an integrated logistics company operating cargo handling and terminal infrastructure, with a focus on multimodal freight movement and regional logistics services. The company develops and operates cargo terminals that support rail-linked supply chains, strengthening its presence in key industrial and consumption corridors.
Average Trading Volume: 22,384
Technical Sentiment Signal: Sell
Current Market Cap: 14.43B INR
See more insights into NAVKARCORP stock on TipRanks’ Stock Analysis page.