JSW Infra arm Navkar Corp bags ₹63.22 crore railway cargo terminal project
Central Railway's Mumbai division awarded the contract via a Letter of Acceptance (LoA) to build the terminal entirely on railway land.
Navkar Corporation, a subsidiary of JSW Infrastructure, announced on December 19 the successful acquisition of a contract from Central Railway. The contract, valued at approximately ₹63.22 crore, covers the development of a Gati Shakti Multi-Modal Cargo Terminal (GCT) located at Somathane, near Panvel.
The contract was awarded by Central Railway’s Mumbai division following the issuance of a Letter of Acceptance (LoA). Under the terms of the agreement, the terminal will be constructed entirely on railway land.
In line with the Gati Shakti Cargo Terminal policy, the land will be licensed to Navkar Corporation for a 35-year period, providing a long-term foundation for the company’s integrated cargo handling operations.
According to a regulatory filing, construction must begin within three months of receiving technical approval and must be completed within 18 months of that same approval date.
The company noted that while the current contract value is estimated at ₹63.22 crore, the final consideration may be adjusted based on the definitive terms of the upcoming agreement with Central Railway.
The addition of the Somathane terminal is expected to boost JSW Infrastructure’s logistics capabilities. By integrating this multi-modal hub into its existing network, the company aims to enhance its supply chain efficiency and provide more robust last-mile connectivity for domestic and international cargo.
This development follows JSW Infrastructure’s recent strategic acquisition of a majority stake in Navkar Corporation, a move designed to diversify the port operator's services into value-added logistics and rail-linked infrastructure.
