Navkar Corporation Limited has announced the receipt of a Letter of Acceptance from Central Railway, Divisional Office, Commercial Department, CSMT Mumbai, for the "Contract for Development of Gati Shakti Multi-Modal Cargo Terminal" at Somathane, entirely on Railway Land. This significant contract, valued at approximately ₹63.22 crore (Rupees Sixty-Three Crores Twenty-One Lakhs Ninety-Two Thousand Three Hundred Seventy-Three Only), is expected to substantially strengthen the company's logistics infrastructure and enhance its integrated cargo handling capabilities. The award of this additional Gati Shakti Cargo Terminal (GCT) is anticipated to improve customer service offerings and reinforce Navkar Corporation's strategic presence in the region. The company was informed of the grant of the Letter of Acceptance on December 18, 2025, at 12:56 p.m. The terms and conditions will be formalized in an agreement with Central Railway Mumbai Division. The execution of the contract involves commencing construction within three months of approval and completing it within eighteen months of the GCT construction approval. The railway land will be licensed for a period of 35 years. The company has confirmed that promoters, promoter group, or group companies do not have any interest in Central Railway, and the contract does not fall within related party transactions.