Government to invite EoI for Concor privatisation

13 Jan 2023 CW Team

The government will soon invite expressions of interest (EoI) or preliminary bids for the privatisation of Container Corporation of India (Concor). The Concor bid document is virtually complete and needs to receive permission from the ‘Alternative Mechanism’ which is effectively a group of important Cabinet ministers. “The Preliminary Information Memorandum inviting Expression of Interest for Concor will be released as soon as possible. If approved, it should be released this month, according to an official statement.

Out of the 54.80% government stock, the Cabinet approved the strategic sale of a 30.8% share in Concor in November 2019 along with managerial control. After the sell-off, the government will still own a 24% share, but without any voting rights. The share sale, however, was on hold while investors sought information on the train site lease strategy and licensing costs. A revised policy that allows for the long-term lease of railway land for cargo-related activities for up to 35 years at a rate of 1.5% of the land's market value per year was authorised by the Union Cabinet in September.

Once the strategic sale of Concor is complete, financial bids from prospective investors will start to come in for the following fiscal year. Concor, a Navratna PSU under the railways ministry, specialises in container transportation and logistics. As of March 2022, it had 61 container terminals and 1,359 employees. The government launched roadshows for Concor in October of last year to determine investor interest.

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..