Container Corporaton of India (Concor) gained nearly 2% at Rs 960 on reports that the company is planning to expand its cold storage business.
The company directly sells to Bharti-Walmart, Big Apple, Reliance Retail, Mother Dairy, Future Group and Heritage Foods in the northern part of the country. It has a tie-up with Unifrutti, a multinational company, for sale of fruits in the south.
“The investment will be to the tune of Rs 1,500 crore in opening cold storage units. Capacity expansion at various cities will depend on the location of the place and the quantity of horticulture produce at nearby places," said a senior Concor executive.
The scrip opened at Rs 959.7 and around 13,668 shares have changed hands on the National Stock Exchange (NSE) till 1000 hours.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app