Navkar Corporation stock jumps 9% after securing Gati Shakti Cargo Terminal Project

Synopsis: Navkar Corporation rose by 9% has secured a Rs. 63.22 crore contract from Central Railway to develop a Gati Shakti Cargo Terminal at Somathane, enhancing logistics capabilities with a 35-year land license and long-term growth visibility.

This company provides cargo transit services across Container Freight Stations, Private Freight Terminal, Inland Container Depots and Multimodal Logistics Parks is now in the spotlight after receiving a Letter of Acceptance from Central Railway, Mumbai Division.

With a market capitalisation of Rs. 1,466 cr, the shares of Navkar Corporation Ltd are currently trading at Rs. 97.4 per share, jumping 9% in today’s market session, making a high of Rs. 102.70, up from its previous close of Rs. 94.32 per share.

About the project 

Navkar Corporation Limited has received a Letter of Acceptance from Central Railway, Mumbai Division, for the development of a Gati Shakti Multi-Modal Cargo Terminal (GCT) at Somathane, to be developed entirely on railway land. The project has been awarded under the GCT policy and marks another addition to the company’s expanding logistics infrastructure portfolio.

The contract, valued at approximately Rs. 63.22 crore, involves commencing construction within three months of receiving construction approval and completing the project within 18 months. The railway land will be licensed to the company for a long-term period of 35 years, providing operational stability and visibility.

This new Gati Shakti Cargo Terminal is expected to significantly enhance Navkar Corporation’s integrated cargo handling capabilities, improve customer service offerings, and strengthen its strategic presence in the region. The contract is domestic in nature, does not involve any related-party transaction, and there is no promoter or group interest in the awarding entity.

About the company

Navkar Corporation Ltd is an Indian logistics and infrastructure company specialising in multi-modal cargo handling and transportation solutions. The company develops and operates container freight stations, inland container depots, and Gati Shakti cargo terminals, offering integrated logistics services to improve efficiency, reduce transit time, and strengthen India’s trade and supply chain infrastructure.

The company reported strong year-on-year growth for Q2FY26, with sales rising 19% to Rs. 162 crore from Rs. 136 crore in Q2FY25. EBITDA increased 39% to Rs. 24.4 crore from Rs. 17.6 crore, while net profit surged to Rs. 4.35 crore from a loss of Rs. 2.30 crore. Earnings per share also jumped to Rs. 0.29 compared to a negative Rs. 0.15 a year ago. JSW Port Logistics Private Ltd holds 70.37% as of Q2FY26.

Written by Manideep Appana

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