CONCOR awards contracts worth ₹461 cr for wagon and equipment supply

Container Corporation of India (CONCOR), a multi-modal logistics company and Navratna CPSE, announced on November 7 that it has finalised contracts totaling ₹461 crore (excluding GST) for the supply of rolling stock and material handling equipment.

Three vendors included M/s Touax Texmaco Railcar Leasing who secured a contract worth ₹157.92 crore to supply eight rakes of BLSS wagons (with a brake van) on a 10-year operating lease. The delivery is stipulated within 255 days.

M/s GATX India which won a contract valued at ₹236.88 crore for the 10-year operating lease of 12 rakes of BLSS wagons (with a brake van). The delivery timeline is set for 315 days.

M/s TIL, was awarded a contract for ₹66.75 crore to design, manufacture, supply, and commission 25 loaded reach stackers. The equipment is expected to be delivered within 330 days.

The bulk of the investment targets Bogey Low Speed Stackable (BLSS) wagons. These modern wagons are specifically designed for efficient, low-speed, and stackable container transport, forming a core component of CONCOR's ongoing fleet upgrade initiative.

The decision to secure these wagons through 10-year operating leases reflects a strategic move towards flexible and capital-efficient asset management.

The recently announced contracts build on CONCOR's substantial prior commitments to fleet renewal. Recent significant orders include:

Braithwaite & Co, the company had previously awarded a major contract worth ₹689.76 crore to this public sector company for the turnkey manufacture and supply of 30 BLSS rakes.

GATX India secured an order to supplement an existing 10-year operating lease agreement with GATX India, valued at ₹192 crore, for the supply of 10 BLSS rakes.

CONCOR shares closed at ₹521.90 on the National Stock Exchange on November 7, marking a 0.49% increase in trade.