Navkar Corporation posts Rs190.74 Cr Q1 revenue up 37.77% YoY; secures Rs48 Cr Southern Railway Gati Shakti terminal contract in Tamil Nadu
India, Oct. 14 -- Moving goods in India has long meant a relay race between trucks, trains and ports, with delays at every handover. The last mile from factory gate to railway wagon has been one of the weakest links, so businesses often default to roads even when rail would be cheaper. Cargo terminals built next to rail lines are meant to fix that, giving factories, farms and exporters a place to load goods straight onto trains and to store and handle them nearby. The model works best when private operators put in money and run the terminal efficiently.
Shares of Navkar Corporation Ltd. were trading at Rs. 86.80, up 1.95% from previous close of Rs. 85.14. The stock opened at Rs. 85.00 and reached an intraday high of Rs. 87.00 and low of...
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