Shares of Container Company of India Ltd (CONCOR) are buying and selling flat after touching a day’s excessive of Rs 557 on thirtieth October, regardless of the corporate asserting on Wednesday (twenty ninth October) that it has signed a Memorandum of Understanding (MoU) with the Jawaharlal Nehru Port Authority (JNPA) to collaborate on the event and administration of Frequent Rail Dealing with Operations for all upcoming container terminals on the proposed Vadhvan Port.
Below the MoU, CONCOR will act because the Frequent Rail Dealing with Operator. It’s going to provide consultancy and operational help for rail coordination, infrastructure planning, and container dealing with on the widespread rail yard. The challenge, price round Rs 500 crore, will probably be developed in phases. Operations are anticipated to start in 2030.
The settlement was signed in Mumbai throughout India Maritime Week 2025. It was signed by Sanjay Swarup, CMD of CONCOR, and Unmesh Sharad Wagh, Chairman of JNPA and CMD of Vadhvan Port Venture Restricted.
This partnership marks a key step in bettering multimodal connectivity. Additionally it is constructing an environment friendly logistics community at Vadhvan Port. This reinforces JNPA and CONCOR’s joint efforts to drive India’s port-led progress and infrastructure improvement.
At 11:36 AM, shares of CONCOR had been buying and selling 0.15% decrease at Rs 553 on NSE.
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