Concor soars on buzz cabinet approves reduction in railway LLF to 1.5%

7 Sep 2022 , 02:37 PM

LLF is the fees container operators like Concor pay Indian Railways to use the latters land. The media reported that the decision will pave the way for the government to sell its stake in Concor. Higher LLF made the national container transporter less attractive to private players. The government, which currently holds 54.8% in this Navaratna company, has been reportedly planning to divest 30% of its holding. Concor is a market leader having the largest network of 61 inland container depots (ICDs)/Container Freight Stations (CFSs) in India (59 terminals and 2 strategic tie-ups). In addition to providing inland transport by rail for containers, it has also expanded to cover management of ports, air cargo complexes and establishing cold-chain. On a consolidated basis, Concors net profit rose 14.60% to Rs 297.08 crore on 9.56% increase in net sales to Rs 1993.99 crore in Q1 June 2022 over Q1 June 2021. Powered by Capital Market – Live News