Container Corporation Of India Ltd News

Concor shares rise 4% after company declares dividend, reports Q2 results

Concor's consolidated net profit contracted 0.53 per cent to Rs 365.4 crore for three months ending September 30, 2024, from Rs 367.36 crore a year ago

Concor Q2 results: Net profit up 9% at Rs 526 cr on higher cargo volume

The state-run logistics company's consolidated profit before tax rose to Rs 526 crore ($62.6 million) for three months ending Sept. 30 from Rs 482 crore a year ago

Concor to resume coastal cargo transport, enhance last-mile connectivity

Concor had initially launched coastal shipping services in January 2019 but the services were halted in 2020 due to the Covid-19 outbreak

Container Corporation of India Q1 results: Net profit rises 5% to Rs 258 cr

Consolidated net profit rose to Rs 258 crore ($30.7 million) for the quarter ended June 30, from Rs 246 crore a year ago

Govt puts privatisation of Container Corporation of India on backburner

The government has put the privatisation of Container Corporation of India Ltd (Concor) on the backburner, an official said. In November 2019, the Union Cabinet approved the strategic sale of a 30.8 per cent stake, along with management control, in Concor -- a Navratna PSU under the Railways Ministry. The government currently holds 54.80 per cent of Concor. "The government is unlikely to push Concor's strategic sale. There are some concerns from Railways Ministry as also investors," the official said. The official further said that with the government holding in the company at 54.80 per cent, there is little scope for coming out with an offer for sale (OFS) in Concor. Although the Cabinet approval for the Concor sale was accorded in 2019, no worthwhile progress has so far been made, and even an Expression of Interest (EOI) has not been invited for the strategic sale. Shares of Concor closed at Rs 1,043.25 apiece, up 0.35 per cent over the previous close on the BSE.