JSW infrastructure, subsidiary Navkar Corporation has recieved a Letter of Acceptance from Central Railway, Divisional Office, Commercial Department, CSMT Mumbai for the development of Gati Shakti multimodal cargo terminal under GCT policy at Somathane (Pune), said reports. Valued at ₹63.22 crore, the project will be developed entirely on railway land under a long-term 35-year license, which provides the company with high operational stability and long-term revenue visibility, reports added. Under the terms of the agreement, Navkar will commence construction within three months and complete the project within 18 months of receiving technical approval.
