JSW Infrastructure Limited announced that its listed subsidiary Navkar Corporation Limited has secured a significant contract from Central Railway for developing a cargo terminal facility. The disclosure was made under Regulation 30 of SEBI Listing Regulations following the receipt of the Letter of Acceptance.

Contract Details and Scope

Navkar Corporation received the Letter of Acceptance from Central Railway, Divisional Office, Commercial Department, CSMT Mumbai for the Contract for Development of Gati Shakti Multi-Modal Cargo Terminal under GCT policy at Somathane. The project will be developed entirely on railway land, representing a strategic expansion of the company's logistics infrastructure.

Project Timeline and Implementation

The contract outlines specific timelines for project execution. Navkar Corporation must commence construction within three months of receiving approval for construction. The complete construction of the Gati Shakti Cargo Terminal must be finished within 18 months from the grant of construction approval.

The railway land will be licensed for a period of 35 years, providing long-term operational stability for the cargo terminal facility. The terms and conditions will be governed by the Agreement for Gati Shakti Multi-Modal Cargo Terminal to be entered with Central Railway Mumbai Division.

Strategic Impact

According to Navkar Corporation's disclosure, the award of this additional Gati Shakti Cargo Terminal at Somathane will substantially strengthen the company's logistics infrastructure and enhance its integrated cargo handling capabilities. The expansion is expected to improve customer service offerings and reinforce the company's strategic presence in the region.

Regulatory Compliance

The contract does not involve any related party transactions and operates at arm's length. The promoter/promoter group/group companies have no interest in Central Railway, the entity that awarded the contract.

Company Information

Navkar Corporation Limited, a listed subsidiary of JSW Infrastructure Limited, specializes in logistics and cargo handling services. The company's registered office is located at Jindal Mansion, 5A Dr. G. Deshmukh Marg, Mumbai, with operational offices in Navi Mumbai.

JSW Infrastructure Limited has announced a significant upgrade in its CDP (Carbon Disclosure Project) score, achieving leadership level recognition for its climate change performance. The company has successfully upgraded its CDP rating to leadership level with a score of A- from the previous year's management level rating of B.

CDP Score Enhancement

This improvement represents a substantial advancement in the company's environmental performance metrics and climate change disclosure practices.

Significance of CDP Leadership Rating

The upgrade to CDP leadership level A- demonstrates JSW Infrastructure's enhanced approach to climate-related disclosures and environmental management. The Carbon Disclosure Project evaluates companies on their environmental transparency, climate risk management, and sustainability initiatives. Achieving leadership level recognition indicates that JSW Infrastructure has implemented robust climate change strategies and improved its environmental reporting standards.

This development reflects the company's commitment to environmental sustainability and positions it favorably among infrastructure companies focusing on climate change mitigation and adaptation measures.

Conclusion

JSW Infrastructure's improved CDP score demonstrates its enhanced environmental performance and reinforces its commitment to sustainability. This achievement highlights the company's ongoing efforts to address climate change and improve its environmental practices within the infrastructure sector.