Business Update1 Sept 2025, 04:51 pm
NECC Records Successful FY 2024-25 Amid Challenges, Expands Fleet, Branches, and Digital Platform
AI Summary
North Eastern Carrying Corporation Ltd (NECC) has reported a successful Financial Year 2024-25, despite a challenging business environment. The company added more than 100 commercial vehicles to its fleet, launched a new digital logistics platform, and opened new branches in major cities and industrial areas. NECC secured long-term work contracts with Tata Steel, GAIL India, and JSW Steel Ltd. Total revenue decreased marginally by 2.17%, while total expenses decreased by 3.11% due to cost-cutting efforts. The company currently has over 230 branches in India, covering 26 states and most major cities and industrial areas.
Key Highlights
- NECC added more than 100 commercial vehicles to its fleet in FY 2024-25
- Launched a new digital logistics platform for enhanced real-time tracking and customer transparency
- Opened new branches in major cities and industrial areas
- Secured long-term work contracts with Tata Steel, GAIL India, and JSW Steel Ltd.
- Reduced administrative, finance, and operating costs during FY 2024-25