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Stock Report
CONCOR signs MoU with GAIL India Ltd
Posted On : 2025-04-24 22:20:54( TIMEZONE : IST )
Container Corporation of India Ltd (CONCOR), Ministry of Railways and GAIL (India) Ltd, Ministry of Petroleum & Natural Gas have signed a MEMORANDUM OF UNDERSTANDING (MoU) on 23rd April 2025 at New Delhi in presence of Shri Sanjay Swarup, CMD CONCOR, Shri Sanjay Kumar, Director (Marketing), GAIL (India) Ltd and other senior officers from CONCOR and GAIL. The MOU was signed by Shri Ahmed Wasi Khan, GGM (P&S) representing CONCOR, and Shri Kapil Kumar Jain, ED (Marketing - Retail LNG) representing GAIL.
The primary objective of the MOU is to develop LNG infrastructure at various Terminals of CONCOR, on pan India basis, to provide un-interrupted supply of LNG fuel for CONCOR's road transportation requirements. CONCOR and GAIL shall also explore feasibility of collaborating in other areas of mutual interest.
Under this MoU, initially, an LNG station is planned to be installed at CONCOR's Terminal at Khodiyar- Ahmedabad.
On this occasion, Shri Sanjay Swaroop, CMD/CONCOR highlighted that the MoU is yet another step towards CONCOR's commitment to provide sustainable logistics solutions to the customers for which the company has already established LNG station at MMLP Khatuwas, and procured a large fleet of 130 LNG trailers, which is resulting in reduction in corban foot prints in CONCOR's day to day operations.
Shri Sanjay Kumar, Director (Marketing), GAIL (India) Ltd appreciated CONCOR's green initiatives, and assured that GAIL is well-equipped and very keen to ally with CONCOR in latter's mission to provide environment friendly logistics solutions to the customers.
Shares of Container Corporation of India Limited was last trading in BSE at Rs. 706.90 as compared to the previous close of Rs. 713.50. The total number of shares traded during the day was 34867 in over 2027 trades.
The stock hit an intraday high of Rs. 718.20 and intraday low of 705.00. The net turnover during the day was Rs. 24719466.00.
Shares of GAIL (India) Limited was last trading in BSE at Rs. 193.25 as compared to the previous close of Rs. 193.50. The total number of shares traded during the day was 337055 in over 5652 trades.
The stock hit an intraday high of Rs. 194.25 and intraday low of 191.90. The net turnover during the day was Rs. 65175975.00.
