Navkar Corporation has secured Letter of Acceptance (LoA) for a contract worth around Rs 63.22 crore from Central Railway, Divisional Office, Commercial Department, CSMT Mumbai. The contract is for the development of Gati Shakti Multimodal Cargo Terminal under GCT policy at Somathane - entirely on Railway Land. The company shall commence construction within three months of the grant of approval of construction, and complete construction within eighteen months of the grant of approval of construction of GCT. The Railway land shall be licensed for a period of 35 years.
Navkar Corporation is engaged in the operations of Container Freight Station and Inland Container Depot.
