CONCOR reports Q3 profit surge of 12.42%

27 Jan 2024 CW Team

The State-run Container Corporation of India (CONCOR) has reported a 12.42% increase in its consolidated net profit for the October-December quarter, reaching Rs 3.3074 billion compared to Rs 2.9420 billion in the previous year. As India's largest rail container hauler, CONCOR has also witnessed a 10.28% growth in consolidated revenue from operations during the third quarter of FY24, reaching Rs 22.1057 billion, up from Rs 20.0446 billion a year ago.

During a meeting on Wednesday, the Board of Directors declared a third interim dividend of Rs4 per equity share for FY24, totalling Rs 2.4372 billion. Additionally, CONCOR disclosed that it has booked Rs 719.5 million for the land license fee (LLF) in the third quarter, bringing the total LLF booked for the nine months of FY24 to Rs 2.8752 billion.

In another development, the Board of CONCOR has decided to expedite the transfer and sale of the concessional rights and fixed assets of Concor Air to Mumbai International Airport (MIAL), as per agreed terms and conditions. This move is taking place two years before the contract's scheduled expiry in January 2026. CONCOR stated that the termination is in the best interest of Concor Air, as the Adani Group, after acquiring the Mumbai airport, expressed its intention to handle air cargo operations independently. The senior official added that CONCOR has completed all necessary formalities to hand over the air cargo operations to one of the Adani Group companies.

Infrastructure Urban

07 Nov 2025

Piyush Goyal Boosts India–New Zealand Trade Ties

Union Minister of Commerce and Industry, Shri Piyush Goyal, is on an official visit to New Zealand to strengthen bilateral economic and trade relations between the two nations. The fourth round of India–New Zealand Free Trade Agreement (FTA) negotiations is currently underway in Auckland from 3 to 7 November 2025. At the India–New Zealand Business Forum, organised by the Auckland Business Chamber, Shri Goyal joined Hon. Todd McClay, Minister for Trade of New Zealand, for a Fireside Chat moderated by Mr Simon Bridges, CEO of the Auckland Business Chamber. Opening the session, Shri Goyal r..

India, Romania Strengthen Trade and Industry Cooperation

Minister of State for Commerce and Industry, Shri Jitin Prasada, led the Indian business delegation at the India–Romania Business Forum, organised by the Chamber of Commerce and Industry of Bra?ov (CCIBv) in partnership with the Embassy of India in Bucharest and the Department for Promotion of Industry and Internal Trade (DPIIT), Government of India. The engagement focused on expanding bilateral investment and industrial cooperation between the two countries, bringing together business leaders from key sectors such as automotive, aerospace, defence, renewable energy, engineering services, a..

Maritime Security Seminar Strengthens Indian Ocean Cooperation

The Maritime Security Seminar, held as part of the Maritime Information Sharing Workshop (MISW) 25, concluded on 4 November 2025. The three-day workshop, themed “Enhancing Real-Time Coordination and Information Sharing Across the Indian Ocean Region,” is being hosted by the Information Fusion Centre – Indian Ocean Region (IFC–IOR) and has brought together over 57 participants from 30 countries, including representatives from the Indian Ocean Rim Association (IORA), Djibouti Code of Conduct/Jeddah Amendment (DCoC/JA), and the Bay of Bengal Initiative for Multi-Sectoral Technical and Eco..