CONCOR rises on partnering with IGL to propel sustainable transportation
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CONCOR is currently trading at Rs. 754.00, up by 3.00 points or 0.40% from its previous closing of Rs. 751.00 on the BSE.
The scrip opened at Rs. 753.00 and has touched a high and low of Rs. 766.55 and Rs. 752.45 respectively. So far 21442 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 791.50 on 09-Dec-2022 and a 52 week low of Rs. 555.00 on 29-Mar-2023.
Last one week high and low of the scrip stood at Rs. 766.55 and Rs. 738.20 respectively. The current market cap of the company is Rs. 45879.86 crore.
The promoters holding in the company stood at 54.80%, while Institutions and Non-Institutions held 42.28% and 2.92% respectively.
Container Corporation of India (CONCOR) and Indraprastha Gas (IGL) have signed a Memorandum of Understanding (MoU) to explore the possibility of setting up LNG/LCNG infrastructure within the premise of CONCOR terminals.
This strategic partnership aims to revolutionize the logistics sector replacing diesel with natural gas. The MoU signifies the commitment of both CONCOR and IGL to reduce carbon emissions and promote a cleaner, greener future for the transportation industry. LNG trucks emit significantly lower levels of greenhouse gas emissions compared to conventional diesel trucks, contributing to a cleaner environment and aligning with global sustainability goals.
CONCOR's core business is characterised by three distinct activities, that of a carrier, a terminal operator, and a warehouse operator.
