Page 2 - Concor

CONCOR ties up Indraprastha Gas to explore possibility of LNG infra

Railway PSU Container Corporation of India Ltd has signed an agreement with Indraprastha Gas Ltd to explore the possibility of setting up LNG or LCNG infrastructure at its terminals in Uttar Pradesh and Gujarat. This strategic partnership aims to revolutionise the logistics sector replacing diesel with natural gas, the Container Corporation of India Ltd (CONCOR) said in a statement. "CONCOR and IGL have signed a memorandum of understanding (MoU) to explore the possibility of setting up LNG/LCNG infrastructure within the premise of CONCOR terminals. Initially, both LNG and LCNG facilities shall be installed at Dadri (Gautam Budh Nagar) terminal of CONCOR," the statement said. CONCOR and IGL also agree to explore the possibility of transportation of LNG in future through railway rakes from LNG terminals near sea ports like Dahej in Gujarat to the desired locations within India. The MoU signifies the commitment of both CONCOR and IGL to reduce carbon emissions and promote a cleaner, .

Stocks to Watch: Tata Motors, Adani Green, IEX, Concor, Gujarat Gas, Atul

Stocks to watch on November 3, 2023: Atul's board meeting will be held on November 07 to consider a buyback proposal

Volume, margin movement to be key drivers for Concor stock going ahead

Despite the weak Q1 show, the company is confident of meeting its EXIM growth target of 10-12% in FY24 given signs of recovery, and expects to maintain margins at the FY23 level (22.7%)

Blue Energy Motors bags contract from CONCOR for 100 LNG-powered trucks

Green fuel truck maker Blue Energy Motors said on Tuesday it has bagged a contract from the Container Corporation of India Ltd (CONCOR) for the supply of 100 LNG-powered trucks. A Navratna PSU and leading containerized multimodal logistics services firm CONCOR plans to deploy the LNG-powered fleet of trucks at its strategic hubs to facilitate containers' first and last-mile movement, Blue Energy said in a statement. Green transportation is a part of the CONCOR's commitment to sustainability and decarbonization of its operations, as per the statement. This partnership reflects the growing importance of sustainable logistics in India and represents CONCOR's commitment to cut hazardous emissions by aligning itself with the government's larger climate change goals, it said. "This is a significant step towards providing momentum to India's green trucking revolution with our LNG-powered heavy-duty long-haul trucks. These trucks will help CONCOR establish a more sustainable and ...

Concor disinvestment: Dipam may seek finmin, inter-ministerial group help

Govt seeks to sell stake worth Rs 12,000 cr in national transporter this fiscal as part of disinvestment target

IT stocks shine in lacklustre trade; Sensex ends 99 pts higher

CLOSING BELL ON JUNE 12, 2023: The Nifty reclaimed the 17,600 level; In the broader market, BSE Midcap index advanced 0.5 per cent, and Smallcap added 0.7 per cent on Monday.

Concor disinvestment plan hits roadblocks, may be delayed indefinitely

Ministry of Railways has not shown interest in the proposed 30.8% stake sale

Selectively ride logistics stocks as tech wave disrupts market: Analysts

With the Covid-19 pandemic crippling the supply-chain management across borders, investors and venture capital firms started to place their bets on logistics, seeing manifold growth in e-Commerce

Dipam calls for key meeting on Wednesday to mull Concor divestment

Sources say officials from Railways, Concor, Niti Aayog, finance and law ministries expected to take final call on pending issues regarding transfer of land to private player post disinvestment

Core group of secretaries to hold meeting today to clear Concor EoI

The meeting is to be chaired by the cabinet secretary

Govt to invite EoIs for Concor privatisation this month, say officials

The government will this month invite Expression of Interest or preliminary bids for privatising Container Corporation of India (Concor), an official said on Wednesday. The official said the bid document for Concor is almost ready and has to get approval from 'Alternative Mechanism' which is essentially a group of key Cabinet ministers. "We are trying hard to issue the Preliminary Information Memorandum inviting Expression of Interest (EoI) for Concor as quickly as possible. It should be issued this month, subject to approval," the official told PTI. The Cabinet, in November 2019, had approved strategic sale of a 30.8 per cent stake, along with management control, in Concor out of the government equity of 54.80 per cent. The government will retain 24 per cent stake post sell-off but without any veto powers. However, the stake sale was hanging fire as investors awaited clarity on the rail land lease policy and licensing fees. The Union Cabinet in September approved a revised policy

Maersk, JSW and Essar Ports join the race for divestment of Concor

The latest development comes at a time when reports indicate that Maersk is planning to double its warehousing presence in India in the next one year

Adani, I Squared Capital, DP World among participants at Concor roadshow

Sources indicate that Dipam is set to come out with an EoI by November first week

Govt gets Rs 952 cr dividend from IRFC, NALCO, Concor: DIPAM secy

The government has received Rs 952 crore as dividend from three public sector companies, DIPAM Secretary Tuhin Kanta Pandey said on Friday. With this, the total dividend receipts of the government from CPSEs so far this fiscal stands at Rs 16,728 crore. "Government has respectively received about Rs 711 crore, Rs 141 crore and Rs 100 crore from IRFC, NALCO, and CONCOR as dividend tranches," Pandey tweeted.

DIPAM set to meet investors to gauge interest in Concor divestment process

Pre-EoI meeting expected to be held this week

Land lease continuity for Rail landholders, more clarity for Concor sale

Latest Railways circular also offers details on various terms of the new 'land lease policy' approved by Cabinet last month; existing landholders can extend their lease for up to another 35 years

Logistics stks price in most positives; no near-term upside seen: Analysts

The new logistics policy aims to trim the costs to single digits, from 13-14 per cent of the GDP at present, by 2030

Stocks to Watch: NBFCs, RIL, Concor, IOL Chemicals, M&M, Jet Airways, VIL

Stocks to Watch Today: Analysts recommend lack of clarity on the new policy may limit the upside on Concor; Govt to acquire stake in Voda Idea after the stock stabilizes above Rs 10.

Railways eyes Rs 30,000-crore revenue with new land licensing fee policy

Sources also indicated that the current policy was causing a lot of leasable Railways land to go idle, notwithstanding the potential for terminal operations

Lack of clarity on new policy likely to cap further upside for Concor

The positive for the stock is that the new policy lifts the LLF overhang, clearing the way for divestment