Under this 15-year agreement, GAIL will hold exclusive operational rights and will invest in establishing the retail LNG outlet infrastructure. CONCOR will allocate approximately 3,000 square meters of land within its Ahmedabad terminal, along with necessary utility connections.
The LNG dispensing station aims to facilitate the shift of India’s heavy-duty commercial logistics sector towards alternative fuels. Operating around the clock, this multi-modal facility will provide LNG fueling for CONCOR’s logistics fleet as well as for commercial vehicles in the open market.
ALSO READ | RITES signs MoU with Container Corporation of India for project management consultancy services
CONCOR has pledged to operate a dedicated fleet of 15 LNG-powered commercial vehicles from the first year of the contract to back the green corridor initiative.
Brokerage firm Jefferies remains positive about Container Corporation of India Ltd despite forecasting a lackluster June quarter. The firm has assigned a ‘buy’ rating on the stock with a target price of ₹600 per share.
Jefferies noted that the stock has lagged behind the Nifty by nearly 50% since June 2024, impacted by sluggish growth in the container rail industry and stalled government divestment plans.
ALSO READ | CONCOR shares fall up to 5% after domestic business impacts Q4 performance
The brokerage believes that much of the negative sentiment regarding the stock is already incorporated into its current price. It highlighted that CONCOR is trading at a valuation one standard deviation below its historical average, with minimal benefits from the Western Dedicated Freight Corridor (WDFC)-Jawaharlal Nehru Port connectivity included in current valuations.
Jefferies anticipates the June quarter will remain weak due to an industry-wide slowdown. Data indicated that Indian Railways container volumes dipped by 1% in May 2026 compared to last year, despite robust port activity, while June volumes have so far dropped by 6% from a year earlier amid disruptions tied to tensions in West Asia.
Nonetheless, the brokerage believes this weakness may be temporary. India’s port container volumes rose by 8% in May from the previous year, while containerizable export-import trade increased by 20%, even with ongoing tensions in West Asia.
ALSO READ | CONCOR expects over 15% EXIM growth in FY27 as Western freight corridor nears completion
Shares of GAIL (India) Ltd closed 0.83% higher at ₹170.40 on the BSE, while Container Corporation of India Ltd (CONCOR) shares ended 1.50% up at ₹458.10.
