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
Resources

Kalpataru Projects International elevates Amit Uplenchwar as Joint MD and CEO

Kalpataru Projects International (KPIL) has elevated Amit Uplenchwar as Joint Managing Director and CEO (designate), following approval by its board on 5 November 2026. He will take charge as Additional Director, Joint Managing Director and CEO from 1 January 2027 for a five-year term ending 31 December 2031, subject to shareholders' approval.Uplenchwar brings over three decades of experience in corporate strategy, business operations, business development, mergers and acquisitions, and international business management. His experience spans transportation, power, water, oil and gas, aerospace..

Next Story
Resources

HCC appoints Vivek Singhal as CEO

Hindustan Construction Company (HCC) has appointed Vivek Singhal as Chief Executive Officer, effective 5 November 2026. He brings over four decades of experience in infrastructure and engineering, procurement and construction (EPC), covering project execution, business leadership, business development and profit and loss management.Singhal has spent 16 years in international markets, delivering projects and managing assets worth approximately Rs 285 billion across five countries. His experience spans airports, metro rail, urban transport, hydropower, bridges and other infrastructure sectors.He..

Next Story
Infrastructure Energy

Essar Signs PPA for 300 MW Hybrid Renewable Energy Project

Essar Renewables, the renewable energy arm of Essar Power, has signed a Power Purchase Agreement (PPA) with NHPC for a 300 MW renewable energy project in Andhra Pradesh. The agreement follows the company’s successful bid for the project two years ago. Essar Power will invest approximately Rs. 45 bn in the development. The project will combine solar and wind generation with Battery Energy Storage Systems (BESS), enabling the supply of reliable and dispatchable renewable power. It forms part of Essar Power’s plan to build a diversified energy portfolio of approximately 5 GW across renewable,..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code