Government Halts Concor Privatization Plans Temporarily

30 Jul 2024 CW Team

The Indian government has decided to temporarily halt the privatisation process of Container Corporation of India (Concor). This strategic pause aims to allow the government to implement necessary reforms and evaluate the best course of action for the company?s future.

Concor, a state-owned enterprise under the Ministry of Railways, is a crucial player in India?s logistics and freight movement sector. Its privatisation has been a topic of considerable discussion, with potential investors eyeing the company due to its vast network and strategic importance.

Officials indicate that the decision to put the privatisation on hold is driven by a need to reassess the market conditions and ensure that any future sale maximises value for the government and stakeholders. This move comes as part of a broader strategy to strengthen the company?s operations and enhance its competitiveness in the global market.

The government's focus will now shift towards implementing strategic reforms within Concor to optimise its performance and address existing operational challenges. These reforms are expected to make the company more attractive to potential buyers when the privatisation process resumes.

This delay in privatisation reflects a cautious approach by the government, aiming to balance the need for disinvestment with the goal of ensuring robust operational health and market readiness of the company. By prioritising reforms and strategic improvements, the government seeks to enhance Concor's value and ensure a smoother transition in the future.

Stakeholders and industry experts are closely monitoring the developments, anticipating that the government's reform measures will bolster Concor's market position and make the eventual privatisation process more beneficial for all parties involved.

Equipment

09 Jan 2026

BKT Partners All Teams in India’s Women’s T20 League

Balkrishna Industries (BKT), a global leader in the off-highway tyre market, announced its association as the Official Tyre Partner for all five teams competing in India’s premier women’s T20 championship – Mumbai Indians, Royal Challengers Bangalore, Delhi Capitals, Gujarat Giants, and UP Warriorz – for the upcoming season. This move reinforces BKT’s commitment to using sport as a platform for inclusion, opportunity, and long-term development.These partnerships reflect BKT’s belief in the transformative power of sport, particularly in advancing women’s participation and creating..

Rajesh Power Secures 65 MW BESS Project in Gujarat

Rajesh Power Services has recently secured a 65 MW / 130 MWh standalone Battery Energy Storage System (BESS) project in Gujarat, marking its entry into utility-scale energy storage. The company received a Letter of Intent from Gujarat Urja Vikas Nigam for the project, which will be developed at Virpore under a tariff-based competitive bidding mechanism supported by Viability Gap Funding through the Power System Development Fund.The project is expected to be executed within 18 months from the signing of the Battery Energy Storage Purchase Agreement. With the ability to supply 65 MW of power for..

ONGC Forms JV with MOL for Ethane Shipping Operations

Oil and Natural Gas Corporation (Oil and Natural Gas Corporation) has recently entered the ethane shipping segment through joint venture agreements with M/s Mitsui O.S.K. Lines Ltd (Mitsui O.S.K. Lines), Japan. The agreements involve equity participation in two joint venture entities—Bharat Ethane One IFSC Private Limited and Bharat Ethane Two IFSC Private Limited—registered at GIFT City, Gandhinagar.Under the arrangement, ONGC will subscribe to 2,00,000 equity shares of Rs 100 each in both entities, resulting in a 50 per cent equity holding in each joint venture, with the remaining stake ..