Container Corporation of India Ltd. : Concor faces downgrades due to uncertainty over land valuation


The New Delhi-headquartered public sector company supplied additional demand from Indian Railways in the June quarter, which reduced operating profits.

Synopsis

Analysts believe that the large variation in rental rental rate demand by Indian Railways and the valuation of the company due to the difference in the valuation of the land value of container terminals.

ET Intelligence Group: Shares of Container Corporation (CONCOR), India’s largest freight train operator, fell 15% on Monday after Indian Railways demanded a higher rental rate for land used by the company for the Tughlakabad and Okhla container terminals. The New Delhi-headquartered public sector company supplied additional demand from Indian Railways in the June quarter, which reduced operating profits. The

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