The stocks of Tara Chand InfraLogistic Solutions Ltd increased on the NSE after the company announced securing a 4.5-year contract from Steel Authority of India Ltd. (SAIL), a Maharatna Public Sector Undertaking of the Government of India.
According to the stock exchange filing, Tara Chand company has been appointed as the consignment handling agency contractor at SAIL Warehouse, Kalamboli, Navi Mumbai.
The contract is estimated at â¹110 crore.
The company has mentioned that in addition to this contract, its order book surged to â¹316.24 crore, recording a 55 per cent y-o-y growth.
Tara Chand InfraLogistic Solutionsâ stock surged by 2.03 per cent on the NSE to trade at â¹168.60 as of 2.04 pm.
Meanwhile, the stock of SAIL Ltd declined by 2.10 per cent on the NSE to trade at â¹137.30.
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