Tara Chand InfraLogistic Solutions Limited has informed the Exchange about Bagging/Receiving of orders/contracts
TARACHAND · price
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Tara Chand InfraLogistic Solutions Limited has been awarded a contract by Steel Authority of India Ltd (SAIL) to act as the Consignment and Handling Agent at SAIL's Dankuni Warehouse in West Bengal, which is SAIL's largest warehouse by volume. The contract is valued at approximately Rs. 81.51 crores inclusive of taxes and is to be executed over 4.5 years, starting from Q3 of FY2025-26. The scope involves deploying advanced machinery and skilled manpower for handling SAIL's steel products. This marks the company's entry into Eastern India for its warehousing and transportation segment. The order is domestic, and there is no related-party interest between the promoter group and SAIL.
This is a positive development for shareholders as it provides long-term revenue visibility of about Rs. 81.51 crores over 4.5 years and opens a new geographic market in Eastern India. Being awarded a contract by a major public-sector giant like SAIL also adds credibility and may support future order wins.