Navkar Corporation Secures Rs. 480 mn Cargo Terminal Contract
RAILWAYS & METRO RAIL

Navkar Corporation Secures Rs. 480 mn Cargo Terminal Contract

Navkar Corporation has received a Letter of Acceptance from the Office of the Senior Divisional Commercial Manager, Commercial Department, Salem, Southern Railway, Tamil Nadu, for constructing and operating a Gati Shakti Multi-Modal Cargo Terminal at Kulipalaiyam station in the Uttukuli-Tiruppur section. The terminal will be developed entirely on railway land.

The company received the Letter of Acceptance at about 3 p.m. on October 13, 2026, according to its regulatory filing. The contract is domestic and will be governed by the agreement for the Gati Shakti Multi-Modal Cargo Terminal to be entered into with Southern Railway’s Salem Division.

Navkar Corporation is required to complete construction within 18 months from the later of the date on which construction approval is granted or the railway land is handed over. The railway land will be licensed to the company for 35 years, covering the period specified for the project’s use and operation.

The broad consideration or size of the contract is approximately Rs. 480 mn, although the amount may vary according to the terms of the final agreement. The filing did not provide further details on the project’s capacity, expected traffic or operating revenue.

Navkar Corporation stated that its promoters, promoter group and group companies have no interest in the entity awarding the contract. It also said the contract would not constitute a related-party transaction. The disclosure was made under Regulation 30 of the Securities and Exchange Board of India’s Listing Obligations and Disclosure Requirements regulations.

Navkar Corporation has received a Letter of Acceptance from the Office of the Senior Divisional Commercial Manager, Commercial Department, Salem, Southern Railway, Tamil Nadu, for constructing and operating a Gati Shakti Multi-Modal Cargo Terminal at Kulipalaiyam station in the Uttukuli-Tiruppur section. The terminal will be developed entirely on railway land. The company received the Letter of Acceptance at about 3 p.m. on October 13, 2026, according to its regulatory filing. The contract is domestic and will be governed by the agreement for the Gati Shakti Multi-Modal Cargo Terminal to be entered into with Southern Railway’s Salem Division. Navkar Corporation is required to complete construction within 18 months from the later of the date on which construction approval is granted or the railway land is handed over. The railway land will be licensed to the company for 35 years, covering the period specified for the project’s use and operation. The broad consideration or size of the contract is approximately Rs. 480 mn, although the amount may vary according to the terms of the final agreement. The filing did not provide further details on the project’s capacity, expected traffic or operating revenue. Navkar Corporation stated that its promoters, promoter group and group companies have no interest in the entity awarding the contract. It also said the contract would not constitute a related-party transaction. The disclosure was made under Regulation 30 of the Securities and Exchange Board of India’s Listing Obligations and Disclosure Requirements regulations.

Related Stories

Gold Stories

Next Story
Infrastructure Energy

GEON Commissions 10 MW/20 MWh BESS in Jaisalmer

GEON, the future technologies division of Kabra Extrusiontechnik, has commissioned a 10 MW/20 MWh battery energy storage system (BESS) in Jaisalmer, Rajasthan, on an engineering, procurement and construction (EPC) basis.Executed in accordance with the Rajasthan Integrated Clean Energy Policy, 2024, the project covered detailed engineering and design, equipment procurement and supply, installation, testing and commissioning.The system has a power capacity of 10 MW and an energy storage capacity of 20 MWh. It is designed to improve energy management, support grid stability and facilitate the int..

Next Story
Infrastructure Urban

Tembo Lists on BSE, Expands Defence Manufacturing Plans

Tembo Global Industries has listed its equity shares on the Main Board of BSE while expanding its focus on defence manufacturing and unmanned aerial vehicle (UAV) technologies alongside its existing engineering and industrial businesses.Through its subsidiary, Tembo Classic Engineering, the company is developing manufacturing capabilities in small arms and ammunition. Its defence facility in Amravati, Maharashtra, is under development, with commercial production targeted for Q1 FY2028. The subsidiary has obtained government licences for ammunition and small-arms manufacturing.The company is co..

Next Story
Infrastructure Urban

Bondada Gets NSE In-Principle Nod for Main Board Migration

Bondada Engineering has received in-principle approval from the National Stock Exchange of India (NSE) to migrate its equity shares from the BSE SME Platform to NSE’s Capital Market Segment, or Main Board.The approval, conveyed through a letter dated 14 October 2026, follows BSE’s in-principle approval on 9 September 2026 for migration to its Main Board. The company now holds preliminary approvals to establish a presence on the Main Boards of both exchanges.Bondada Engineering will complete the subsequent formalities required under applicable regulatory and stock exchange requirements. The..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code