Navkar Corporation secures ₹480 million Southern Railway cargo terminal contract
The company has 18 months to build the Gati Shakti Multi-Modal Cargo Terminal at Kulipalaiyam station, with railway land licensed for 35 years.
Navkar Corporation has received a Letter of Acceptance from Southern Railway to construct and operate a Gati Shakti Multi-Modal Cargo Terminal at Kulipalaiyam station in Tamil Nadu, with the contract valued at approximately ₹480 million.
The contract was awarded by the Office of the Senior Divisional Commercial Manager (Sr. DCM), Commercial Department, Salem Division, Southern Railway. The terminal will be built entirely on railway land in the Uttukuli–Tiruppur section.
Navkar Corporation received the Letter of Acceptance at around 3 pm on 13 October 2026, according to a regulatory filing dated 14 October.
The company is required to complete construction of the terminal within 18 months from the later of the date of approval for construction or the date the railway land is handed over. The railway land will be licensed to the company for 35 years.
The contract value is approximately ₹480 million, which may vary according to the terms of the agreement to be signed with Southern Railway's Salem Division.
