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CONCOR awards contract to GATX India for supply of rakes

For the third quarter, CONCOR reported a 10.9% year-on-year (YoY) increase in net profit.
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State-owned Container Corporation of India Ltd (CONCOR) on Thursday (March 20) said it has placed a Rs 192 crore order with GATX India Private Ltd for the supply of 10 rakes of BLSS wagons (spine cars) on an operating lease for 10 years. The contract requires GATX India to complete the supply within 435 days.

For the third quarter, CONCOR reported a 10.9% year-on-year (YoY) increase in net profit. The company’s net profit for the quarter stood at Rs 366.7 crore, up from Rs 330.7 crore in the corresponding period last year.

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