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 Transport

01 Jun 2026

MMRDA advances 250 m on Orange Gate–Marine Drive tunnel

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed 250 m of underground tunnelling for the Orange Gate–Marine Drive Urban Road Tunnel using India’s largest slurry shield tunnel boring machine (TBM) deployed for an urban road project.The project involves twin tunnels extending over 7 km beneath critical transport corridors, including Central Railway, Western Railway and Metro Line 3. The work requires high-precision engineering to navigate densely developed urban infrastructure.Once completed, the tunnel is expected to reduce travel time between Orange Gate and Marin..

Hindustan Zinc Pays Rs 188.46 Billion in FY26

Hindustan Zinc contributed Rs 188.46 billion to the public exchequer in FY 2025-26, according to its 9th Tax Transparency Report. The contribution, equivalent to 46 per cent of the company’s revenue, included direct and indirect taxes, government royalties, dividends to the Government of India, withholding taxes and other statutory levies.The company’s five-year cumulative contribution to the exchequer stood at Rs 915.72 billion. In FY26, Hindustan Zinc reported revenue of Rs 408.44 billion, EBITDA of Rs 221.62 billion and profit after tax of Rs 138.32 billion. It also achieved its highest..

World of Concrete India 2026 Opens in Mumbai

Informa Markets in India will host the 12th edition of World of Concrete India 2026 from 3–5 June 2026 at the Bombay Exhibition Centre, Mumbai. The specialised B2B exhibition will bring together manufacturers, suppliers, contractors, developers, architects, consultants, infrastructure companies, project leaders and government stakeholders.The event is expected to feature over 350 brands and more than 18,000 trade professionals. It will cover concrete and cement, dry mortar, precast technologies, formwork, construction chemicals, industrial and commercial flooring, scaffolding, safety solutio..