WCIL Secures 15-Year Contract for Kolkata Dock System's General Cargo Terminal
Western Carriers (India) Limited (WCIL) secured a 15-year contract for the General Cargo Terminal at Kolkata Dock System. The development includes an estimated investment of ₹13.68 crore. This move aims to enhance logistics infrastructure in Eastern India.
Securing a 15-year contract for a major cargo terminal is a material development that is expected to significantly impact the company's operations and future growth.
The company has secured a significant long-term contract which is expected to boost its business and infrastructure development.
Western Carriers (India) Limited (WCIL) has been awarded the contract for the development and operations of the General Cargo Terminal (GCT) at the GCD Yard of the Kolkata Dock System, under the Syamaprasad Mookerjee Port Authority (SMPA). This agreement is for a period of 15 years.
The development is considered a significant step in enhancing logistics infrastructure in Eastern India and aligns with the government's initiatives such as the National Logistics Policy and PM Gati Shakti.
The terminal is already operational, and WCIL plans to immediately commence the next phase of development to boost cargo handling capacity, improve efficiency, and expand service offerings. The initial estimated investment for the civil infrastructure development is approximately ₹13.68 crore, subject to potential revisions.
Mr. Rajendra Sethia, Chairman and Managing Director of WCIL, commented that the GCT is an important addition to the company's portfolio, offering opportunities to enhance cargo handling and multimodal connectivity. He emphasized the focus on operational excellence, service expansion, and creating long-term value, while supporting efficient logistics infrastructure to facilitate trade and economic growth.
A plain-language summary of a public exchange filing by Western Carriers (India) Limited. Read the original for the full detail.