Container Corporation of India Ltd., incorporated in the year 1988, is a Large Cap company (having a market cap of Rs 37319.28 Crore) operating in Logistics sector.
Highlights
The proposal has been sent to Cabinet for approval
The policy will apply to Concor and other private container train operators
New Delhi: Railways Minister Piyush Goyal on Wednesday (March 10) said that the new land licensing fee (LLF) policy for the Indian Railways has been cleared by the ministry and that it will soon get the approval from Union Cabinet as well.
“We had a detailed round of engagement with the private sector and also Niti Aayog before finalising the LLF. We had inter-ministerial consultation as well. Now, we have finalised the policy and got my approval too. It is going to the Cabinet soon,” Goyal said.
It now imports 8,000 units from China
State-owned Container Corporation of India Ltd. (Concor) on Friday said it plans to source its annual requirement of about 8,000 containers, which till now were being imported from China, solely from domestic manufacturers.
Concor, that spends about ₹200 crore annually on procurement of containers, had already given a developmental order for 1,000 containers each to Bharat Heavy Electricals (BHEL) and Braithwaite & Co. both public sector undertakings. For the remaining 6,000 containers, the company would soon issue tenders in which only domestic firms would be able to participate.
“As of now, all containers are imported because there is no manufacturing capability in India,” said V. Kalyana Rama, CMD.