Western Carriers India Ltd (WCIL), a 3PL and 4PL logistic company, specializing in rail-focused supply chain solutions, on Friday announced that it has bagged a material handling order worth Rs 139 crore from Vedanta Ltd.
The order, it said, entails the Import, Finished Goods Domestic and Export Material Handling Contract at Jharsuguda Plant. The total value of the order is approximately Rs 139 crore for a duration of four years.
Kanishka Sethia, CEO, WCIL, said, “This order not only strengthens our relationship with our marquee client Vedanta but also opens avenues for future projects within the mining and mineral sector. This new order represents a significant milestone in our ongoing partnership. It is a testament to our consistent delivery of high-quality solutions and our ability to meet the evolving needs of our clients”
WCIL offers comprehensive end-to-end logistics services, ensuring seamless movement of goods across multiple modes of transport, including road, rail, and sea/river. Its expertise spans both domestic and EXIM cargo.
Earlier in November, Vedanta had released its fiscal second quarter earnings report with profit at Rs 5,603 crore in comparison to a loss of Rs 915 crore posted during the corresponding quarter of FY24. It reported revenue from operations at Rs 37,171 crore, down 3.6 per cent YoY. The mining major’s EBITDA stood at Rs 9,828 crore, down 14.4 per cent on-year, majorly due to favourable output commodity prices, structural cost saving initiatives and increased premia across businesses.