Listed subsidiary receives Letter of Acceptance for Gati Shakti cargo terminal from Southern Railway
Listed subsidiary Navkar Corporation received a Letter of Acceptance from Southern Railway, Salem, for construction & operation of a Gati Shakti Multi-Modal Cargo Terminal at Kulipalaiyam station.
By ScoutQuest · · 2 min read
- Order Size
- approx Rs.48 crore
- Construction Timeline
- eighteen (18) months
- Railway Land License Period
- 35 years
What the company told the exchanges
JSW Infrastructure has informed the exchanges that it received an intimation on 13th October, 2026 at around 3:10 p.m. from Navkar Corporation Limited, its listed subsidiary. Navkar has received a Letter of Acceptance from the Office of the Sr. DCM, Commercial Department, Salem, Southern Railway, Tamil Nadu. Navkar's own disclosure states the Letter of Acceptance was received at around 3:00 p.m. on October 13, 2026.
What the contract is
- Contract for Construction & Operation of Gati Shakti Multi-Modal Cargo Terminal, entirely on Railway Land at Kulipalaiyam station in the Uttukuli to Tiruppur section.
- The awarding entity is the Office of the Sr. DCM, Commercial Department, Salem, Southern Railway, Tamil Nadu, and it is a domestic entity.
- The terms and conditions will be as per the Agreement for Gati Shakti Multi-Modal Cargo Terminal (entirely on railway land) to be entered with Southern Railway, Salem Division.
Size and time frame
- Broad consideration or size of the order: approx Rs.48 crore (Rupees Forty Eight Crore Only). The annexure notes this may vary as per the terms of the agreement.
- Construction of the GCT is to be completed within eighteen (18) months from the date of grant of approval of construction or handing over the railway land, whichever is later.
- The Railway land shall be licensed for a period of 35 years.
Other points stated in the annexure
- The promoter, promoter group and group companies have no interest in the entity that awarded the order.
- The order does not fall within related party transactions.
In simple terms, a listed subsidiary of the company has received a Letter of Acceptance for a railway-linked cargo terminal project with a stated size of about Rs.48 crore, with construction to be completed in eighteen (18) months and the land licensed for 35 years. The financial outturn for the subsidiary would depend on the agreement being entered with Southern Railway, Salem Division and on execution within the stated timelines.
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More numbers
- Broad consideration or size of the orderApprox Rs.48,00,00,000/-
- GCT construction completion periodeighteen (18) months
- Railway land licence period35 years
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