Strong volume growth trajectory, domestic biz outlook to support Concor

Concor's Aggressive capex rollout unlikely, given past record and divestment uncertainty

The Container Corporation of India (Concor) stock was the top gainer in the BSE 100 Index on Monday rising about 5 per cent, after being under pressure on Friday on weak operational performance in the January-March quarter (Q4) and a substantial capital expenditure (capex) programme announced by the company.

Concor is planning to spend Rs 8,000 crore to Rs 10,000 crore over the next three to four years to augment its infrastructure, rolling stock, containers and equipment. The investment over three to four years is higher than the previous cycle; the company had invested about Rs 3,800 crore over the