Navkar Corp wins Rs 63 Cr railway cargo terminal contract
NAVKARCORP · price
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Navkar Corporation received a Letter of Acceptance from Central Railway (Mumbai Division) to develop a Gati Shakti Multi-Modal Cargo Terminal at Somathane on railway land. Contract value is about Rs 63.22 crores with a 35-year land license. Construction must start within 3 months of approval and finish within 18 months. Order is domestic, no related party interest.
Positive: major government-backed contract strengthens Navkar's cargo terminal network and adds long-term revenue visibility over 35 years.