Container Corporation of India Ltd (CONCOR) is a preeminent public sector enterprise under the aegis of the Ministry of Railways, specialising in multimodal logistics and containerised cargo transportation. Established in 1988, CONCOR plays a pivotal role in India’s freight movement, offering a suite of services encompassing rail and road transportation, terminal operations, and warehousing.
On February 18, CONCOR announced the awarding of a prestigious contract worth ₹689.76 crore to Braithwaite & Co Ltd for the manufacture and supply of 30 BLSS (spine car) rakes on a turnkey basis. This order, which excludes freight charges but includes GST, is slated for completion by 11th August 2026.
“It is hereby informed that the company has awarded an order for the manufacture and supply of 30 BLSS (spine car) rakes on a turnkey basis to M/s Braithwaite & Co. Ltd, a Government of India undertaking under the Ministry of Railways. The value of the order, ex-works and excluding freight charges (including GST), stands at ₹689.76 crore, with the deliveries to be fulfilled by 11.08.2026,” CONCOR disclosed in a regulatory filing.
Braithwaite & Co Ltd, a distinguished public sector enterprise under the Ministry of Railways, will oversee the execution of this project. CONCOR has affirmed that this transaction does not fall under related party transaction norms as per SEBI regulations, given that it transpires between two public sector entities.
CONCOR reported a 10.9% year-on-year (YoY) surge in net profit, with earnings soaring to ₹366.7 crore, up from ₹330.7 crore in the corresponding period of the previous year. However, despite the profitability uptick, the company’s revenue remained stagnant, registering a marginal contraction of 0.1% to ₹2,208.3 crore, compared to ₹2,210.6 crore in Q3 of the prior fiscal year.
On the downside, EBITDA witnessed a notable decline of 10.1% YoY, settling at ₹465 crore against ₹517.5 crore in the same quarter last year. Consequently, the EBITDA margin contracted to 21.1%, down from 23.4% YoY.
At 11:03 AM on February 19, 2025, Container Corporation of India Ltd shares traded at ₹686.25 per share on the NSE.
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Published on: Feb 19, 2025, 2:53 PM IST
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