Date: 14th October, 2026

Board Meeting Outcomes

Not Specified

Financial Results

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Dividend Declaration or Non-Declaration

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KMP / Board / Auditor Changes

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Disinvestment / Strategic Actions

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Other Operational / Legal / Strategic Disclosures

JSW Infrastructure Limited received an intimation from its listed subsidiary Navkar Corporation Limited on 13th October, 2026 at approximately 3:10 p.m. regarding a significant contract award.

Navkar Corporation Limited received a Letter of Acceptance from the Office of the Sr. DCM, Commercial Department, Salem, Southern Railway, Tamil Nadu for the "Contract for Construction & Operation of Gati Shakti Multi-Modal Cargo Terminal" entirely on Railway Land at Kulipalaiyam station in Uttukuli to Tiruppur section.

The Letter of Acceptance was received by Navkar Corporation Limited at approximately 3:00 p.m. on October 13, 2026.

Contract Details:

  • Awarding Entity: Office of the Sr. DCM, Commercial Department, Salem, Southern Railway, Tamil Nadu
  • Contract Nature: Construction & Operation of Gati Shakti Multi-Modal Cargo Terminal
  • Location: Entirely on Railway Land at Kulipalaiyam station in Uttukuli to Tiruppur section
  • Domestic/International: Domestic contract
  • Contract Value: Approximately ₹48,00,00,000/- (Rupees Forty Eight Crore Only)
  • Note: The value may vary as per the terms of the agreement
  • Construction Timeline: The company is required to complete construction within eighteen (18) months from the date of grant of approval of construction or handing over of the railway land, whichever is later
  • Licensing Period: The railway land shall be licensed for a period of 35 years
  • Related Party Transaction: No - promoter/promoter group/group companies have no interest in the entity that awarded the contract
  • Arm's Length Transaction: Not applicable as it is not a related party transaction

The terms and conditions will be as per Agreement for Gati Shakti Multi-Modal Cargo Terminal to be entered with Southern Railway, Salem Division.