Under the 15-year agreement, GAIL will have exclusive operational control and invest in setting up the retail LNG outlet infrastructure. CONCOR will provide around 3,000 square metres of land within its Ahmedabad terminal along with required utility connectivity.
The LNG dispensing station will support the transition of India’s heavy-duty commercial logistics sector towards alternative fuels. The multi-modal facility will operate round-the-clock and provide LNG fuelling for CONCOR’s logistics fleet as well as open-market commercial vehicles.
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CONCOR has committed to deploying a dedicated fleet of 15 LNG-powered commercial vehicles from the first contract year to support the green corridor project.
Brokerage firm Jefferies had reiterated its positive stance on Container Corporation of India Ltd even as it estimated a weak June quarter. The brokerage has a ‘buy’ rating on the stock with a target price of ₹600 per share.
According to Jefferies, the stock has underperformed the Nifty by nearly 50% since June 2024, weighed down by weak growth in the container rail industry and the lack of progress on the government’s divestment plans.
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The brokerage believes much of the negative sentiment is already reflected in the stock price. It noted that CONCOR is currently trading at a valuation that is one standard deviation below its historical average, with limited benefits from the Western Dedicated Freight Corridor (WDFC)-Jawaharlal Nehru Port connectivity factored into current valuations.
Jefferies expects the June quarter to remain weak due to an industry-wide slowdown. The brokerage cited data showing Indian Railways container volumes declined 1% in May 2026 from last year despite strong port activity, while June volumes have so far fallen 6% from a year earlier amid disruptions linked to tensions in West Asia.
However, it believes the weakness may prove temporary. India’s port container volumes grew 8% in May from the previous year, while containerisable export-import trade rose 20% despite tensions in West Asia.
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Shares of GAIL (India) Ltd ended 0.83% higher at ₹170.40 on the BSE, while shares of Container Corporation of India Ltd (CONCOR) closed 1.50% up at ₹458.10.
