Page 4 - Concor

Concor shares plunge 18% after posting 76% drop in Q1 profit

Total income during the April-June period of the current fiscal dipped to Rs 1,251.50 crore from Rs 1,722.79 crore in the year-ago period

Concor's Q1 profit plunges 76% to Rs 58 cr, income down at Rs 1,251.5 cr

Total income during the April-June period of the current fiscal dipped to Rs 1,251.50 crore from Rs 1,722.79 crore in the year-ago period

Covid-19: Govt unlikely to meet Rs 2.1 trillion divestment target for FY21

With ambitious FY21 target of Rs 2.1 trn unlikely to be met, govt to push through LIC IPO, privatisation of BPCL or Concor

Concor rally to lose steam over volume concerns, intensifying competition

Freight corridor delay, licence fee hike among headwinds for the stock

Nifty outlook & stock calls by Anand Rathi: Sell BPCL, Buy Mphasis

Mphasis' stock has provided breakout from a consolidation zone

Railway deal, coronavirus' disruption of global trade to weigh on Concor

While valuations are attractive, disruption will keep volumes muted

Railway land deal, Covid-19 trade impact to limit upside in Concor

While valuations are in the attractive zone, disruption would keep near term volumes muted

Concor to take INSTC route for Russia to save transit time and cash

INSTC is a 7,200 km-long multi-mode network of ship, rail and road routes covering 13 countries

Market share loss, global trade hold-up to hit Concor's prospects

Pace of DFC roll-out and demand recovery are key triggers

CONCOR's Q3 net falls 35% to Rs 179 cr, total income dips to Rs 1,610 cr

Its total income during the October-December quarter of the current fiscal dipped to Rs 1,610.34 crore, from Rs 1,739.79 crore in the year-ago period.

Railways asks premium customers for advance payments to boost balance sheet

Around 50 freight customers had a business of Rs 500 crore or above with the railways in the previous calendar year, and hence, they are eligible for the scheme.

BPCL stake sale: Deloitte quotes Re 1 as its disinvestment advisory fee

The government has set a 50-day timeline for asset valuation to happen in BPCL, as it wants to complete the process before March 31, 2020

Govt's plans to disinvest will lead to job losses: CONCOR employees' union

It also said that CONCOR was given Rs 65 crore in the year 1989-90 towards paid up capital, and till date the PSU has paid back Rs 8000 crore to the government directly.

Govt sets 50-day deadline for valuer to carry out valuation of BPCL

In part indication of timelines for privatisation of India's second biggest state oil refiner, the government has set a 50-day deadline for an outside 'asset valuer' to carry out the valuation of all assets of Bharat Petroleum Corp Ltd (BPCL), a process once completed will trigger invitation of price bids from potential acquirers. The Cabinet Committee on Economic Affairs (CCEA) had on November 20 given a go-ahead for sale of government's entire stake in BPCL, Shipping Corporation of India Ltd (SCI), power generator THDC India Ltd (THDCIL) and North Eastern Electric Power Corp Ltd (NEEPCO) to a strategic investor along with management control. It had also approved sale of 30.8 per cent out of its 54.8 per cent interest in Container Corp of India Ltd (Concor). The stake sale will follow a two-stage process of first inviting expression of interest (EoI) from potential bidders who will after due diligence will be asked to submit price bids in the second part, officials said. In the ...

Why India should ensure its privatisation programme is transparent and fair

NDA government recently approved the selling of the entire stake in BPCL, Shipping Corp. of India Ltd. It also approved selling a controlling 30.8% shareholding in Container Corp. of India Ltd

Stake sale in BPCL, SCI, Concor to strengthen firms, boost growth: Ficci

The decision to undertake strategic disinvestment and transfer management control in entities like SCI, Concor, BPCL are welcome, Ficci said in a statement

BPCL scales fresh 52-week high as Cabinet okays divestment, retreats later

Apart from BPCL, the Cabinet also approved divestment of its stake from Shipping Corp, THDC India, and NEEPCO, and most of its stake in Container Corporation of India (CONCOR).

BPCL most lucrative among govt's divestment candidates, say analysts

The company should get good suitors as it is sitting on good infrastructure and has a stable business outlook; the valuation seems attractive

Cabinet panel to soon take up proposal to pare majority govt stake in PSUs

BPCL will be a key to achieving the divestment target, of which only Rs 17,364 crore is met so far

Water transport: Still missing the link

It holds out great promise for improving India's logistics and therefore needs to be pushed aggressively