Government Halts Concor Privatization Plans Temporarily

02 Aug 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.

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..