State-owned Container Corporation of India (CONCOR) on Tuesday (February 18) said it has awarded a ₹689.76-crore contract to Braithwaite & Co Ltd for the manufacture and supply of 30 BLSS (spine car) rakes on a turnkey basis. The order, excluding freight charges but including GST, is set for completion by August 11, 2026.CompanyValueChange%Change”…it is hereby informed that the company has awarded an order for Manufacture & Supply of 30 no’s BLSS (spine car) rakes on turnkey basis to M/ s Braithwaite & Co. Ltd, A Govt. of India Undertaking under Ministry of Railways. The value of the order ex-works excluding freight charges (including GST) is ₹689.76 crore and the supplies are to be completed by 11.08.2026,” CONCOR said in a regulatory filing.Braithwaite & Co, a public sector enterprise under the Ministry of Railways, will handle the project. CONCOR confirmed that the transaction does not fall under related party transaction norms under SEBI regulations, as it is between two public sector companies.
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CONCOR reported a 10.9% year-on-year (YoY) increase in net profit. The company’s net profit for the quarter stood at ₹366.7 crore, up from ₹330.7 crore in the corresponding period last year.Despite the rise in profitability, CONCOR’s revenue remained flat, witnessing a marginal decline of 0.1% to ₹2,208.3 crore, compared to ₹2,210.6 crore in Q3 of the previous fiscal year.The company’s EBITDA saw a notable decline of 10.1% YoY, coming in at ₹465 crore against ₹517.5 crore in the same quarter last year. As a result, EBITDA margin contracted to 21.1% from 23.4% YoY.Shares of Container Corporation of India Ltd ended at ₹678.70, down by ₹24.30, or 3.46%, on the BSE.Also Read: CNBC-TV18 Newsbreak Confirmed: Standard Chartered appoints PD Singh as India CEO(Edited by : Shoma Bhattacharjee)
