Navkar Corporation Wins ₹48 Crore Contract for Gati Shakti Cargo Terminal in Tamil Nadu

Navkar Corporation has received a Letter of Acceptance from Southern Railway for the construction and operation of a Gati Shakti Multi-Modal Cargo Terminal at Kulipalaiyam station in Tamil Nadu. The contract is valued at approximately ₹480 million, equivalent to ₹48 crore.

The contract was awarded by the Office of the Senior Divisional Commercial Manager (Sr. DCM), Commercial Department, Salem Division, Southern Railway. The proposed terminal will be developed entirely on railway land along the Uttukuli-Tiruppur section.

According to a regulatory filing dated 14 October 2026, Navkar Corporation received the Letter of Acceptance at around 3 pm on 13 October 2026.

The company must complete construction of the cargo terminal within 18 months, calculated from the later of the date construction approval is granted or the date the railway land is handed over.

Under the agreement, the railway land will be licensed to Navkar Corporation for a period of 35 years, allowing the company to develop and operate the multimodal cargo facility.

The contract is valued at approximately ₹480 million. The final amount may vary in accordance with the terms and conditions of the agreement to be executed with Southern Railway's Salem Division.