Western Carriers (India) gains on winning 15-year contract to operate GCT at Kolkata Port
Western Carriers (India) is currently trading at Rs. 85.68, up by 0.69 points or 0.81% from its previous closing of Rs. 84.99 on the BSE.
The scrip opened at Rs. 85.00 and has touched a high and low of Rs. 85.90 and Rs. 84.30 respectively. So far 1663 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 147.20 on 22-Sep-2025 and a 52 week low of Rs. 76.95 on 30-Mar-2026.
Last one week high and low of the scrip stood at Rs. 87.99 and Rs. 83.61 respectively. The current market cap of the company is Rs. 863.05 crore.
The promoters holding in the company stood at 73.03%, while Institutions and Non-Institutions held 4.75% and 22.21% respectively.
Western Carriers (India) has secured the development and operations of the General Cargo Terminal (GCT) for handling containers and other cargo at the GCD Yard of the Kolkata Dock System (KDS) under the Syamaprasad Mookerjee Port Authority (SMPA) for a period of 15 years. The development marks an important step in strengthening logistics infrastructure in Eastern India and aligns with the Government of India's ongoing initiatives, including the National Logistics Policy, PM Gati Shakti, Multi Modal Logistics Parks, Bharatmala, Sagarmala, Dedicated Freight Corridors (DFC), and the Logistics Efficiency Enhancement Program (LEEP). Together, these initiatives are enabling a more integrated, multimodal and efficient logistics ecosystem across the country.
SMPA serves as a key gateway to Eastern India and benefits from strong connectivity through road, rail and inland waterways. The Kolkata Dock System is linked to the Eastern Railway network through the Sealdah and Budge Budge sections, facilitating seamless cargo movement.
The terminal is currently operational, and Western Carriers will immediately initiate the next phase of development aimed at enhancing cargo handling capacity, improving operational efficiency and expanding service offerings. As per the Port Authority's initial estimates, the proposed civil infrastructure development is expected to involve an investment of around Rs 13.68 crore, subject to revision as the project progresses.
