North Eastern Carrying Corporation Secures EV Logistics Contract from Tata Steel, share rises above 11%

 Summary:

North Eastern Carrying Corporation Ltd (NECC) has been awarded a 5-year logistics contract by Tata Steel Limited (TSL) for the transportation of steel products (Coils/Sheets/Tubes) from TSL Sahibabad to various destinations using Electric Heavy Vehicles (EVs). The contract may be extended for an additional year based on mutual consent. This marks NECC’s first large-scale EV logistics contract, reinforcing its commitment to sustainable transportation.

Stock Performance:

  • Stock surged 11.2% intraday, hitting a high of Rs.23.72
  •  Market Cap: Rs.221.85 Cr

Key Highlights:

✅ Company: North Eastern Carrying Corporation Ltd (NECC)

✅ Client: Tata Steel Limited (TSL)

✅ Contract Duration: 5 years (extendable by 1 year)

✅ Service: Transportation of steel products using Electric Heavy Vehicles (EVs)

✅ Project Location: TSL Sahibabad to various destinations

About the Company:

Incorporated in 1984, North Eastern Carrying Corporation Ltd is in the business of Transportation

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