Tara Chand InfraLogistic Solutions Limited has informed the Exchange about Bagging/Receiving of orders/contracts
TARACHAND · price
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Awaiting price reaction for this filing.
Tara Chand InfraLogistic Solutions has won a new contract from Steel Authority of India Ltd (SAIL) to act as the Consignment and Handling Agent at SAIL's largest warehouse by volume, the Dankuni Warehouse in West Bengal. The contract is valued at around INR 81.51 Crores (including taxes) and will be executed over 4.5 years, starting from Q3 of FY2025-26. This marks the company's entry into Eastern India for its warehousing and transportation segment. The order adds long-term revenue visibility for the company.
Positive for shareholders — the INR 81.51 Crore order provides multi-year revenue visibility and expands the company's geographical footprint into Eastern India. However, the stock impact may be muted since order details and the company's revenue base are needed to assess materiality.