Navkar Corporation Wins Rs 48 Crore Railway Cargo Terminal Contract

Core Announcement – Order Details

Awarding Entity: The Office of the Sr. DCM, Commercial Department, Salem, Southern Railway, Tamil Nadu

Domestic/International Order: Domestic

Nature of Order/Contract: Contract for Construction & Operation of Gati Shakti Multi-Modal Cargo Terminal entirely on Railway Land at Kulipalaiyam station in Uttukuli to Tiruppur section.

Order Value: Approximately Rs. 48,00,00,000/- (Rupees Forty Eight Crore Only). Note: This may vary as per the terms of the agreement.

Materiality Context: Not Specified

Execution Timeline: The Company is required to complete the construction of the GCT 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.

Revenue Recognition / Billing Structure: Not Specified

Key Terms & Payment Milestones: Not Specified

Whether Related Party Transaction: No

Promoter Group Involvement: No

Financial Implication: Not Specified