CONCOR Opts for Existing Lease Regime

21 May 2024 CW Team

The Container Corporation of India Ltd (CONCOR) has chosen to maintain its current land lease agreements with Indian Railways, foregoing the newly introduced liberal licensing policy. This policy, approved by the Union Cabinet, offers reduced lease charges of 1.5% of the land's market value compared to the existing 6% with annual escalation.

Switching to the new regime would require CONCOR to bid for the 26 terminals it operates on railway land. Despite having the right of first refusal if they are not the highest bidder, this introduces potential competition and uncertainties. Chairman and Managing Director V Kalyana Rama expressed concerns over the variables and risks in the bidding process, which includes terminal charges for railway wagon traffic and terminal access charges for non-railway wagon traffic. These factors could result in increased operational costs and negatively impact margins.

Currently, CONCOR pays around Rs 380-390 crore annually in land lease charges. By sticking with the existing policy, they aim to avoid the complications and potential financial strain associated with the new regime. The decision to continue with the current lease terms will be re-evaluated as they closely monitor the new policy's implications.

Infrastructure Urban

29 Oct 2025

Designing Tomorrow: Amaravati’s Net Zero Landmark

Amaravati has achieved a defining landmark in India’s sustainable infrastructure journey with the inauguration of the APCRDA Project Office, the nation’s first government building to earn the IGBC Net Zero Energy Rating – Design Stage. Conceptualised by the Andhra Pradesh Capital Region Development Authority (APCRDA) and certified by the Indian Green Building Council (IGBC), the project exemplifies how governance, design and innovation can converge to deliver measurable environmental impact.A vision rooted in sustainabilitySet within a 4.3-acre site along the Seed Access Road in the Amar..

Pidilite Elevates Construction with PPS

Pidilite Industries introduced Pidilite Professional Solutions (PPS) — a dedicated vertical for the construction and interiors ecosystem — at ACETECH Bengaluru 2025. Designed to empower architects, developers, contractors, and interior specialists, PPS delivers comprehensive support that extends far beyond products to ensure project excellence from concept to completion. Kavinder Singh, Joint Managing Director, Pidilite Industries, noted, “At Pidilite, we believe in enabling the construction fraternity to build boldly and sustainably. With Pidilite Professional Solutions (PPS),..

Punjab, Centre Fast-Track Rajpura-Mohali Rail Line Development

The central government has fast-tracked the construction of the Rajpura-Mohali rail line to enhance connectivity in Punjab. This ambitious infrastructure project, aimed at improving transportation links between Rajpura and Mohali, has been identified as a key step in fostering regional economic growth. Union Minister for Railways, Ashwini Vaishnaw, announced the project’s acceleration during a recent assessment of the area. The rail line is expected to play a significant role in reducing travel time, promoting industrial growth, and boosting logistics efficiency in the region. The project,..