Container Corporation of India Awards Contract Valued at Rs. 175.36 Crores for BLSS Rake Supply
Container Corporation of India Limited, a multi-modal logistics company and a central Public Sector Enterprise (CPSE) of the Government of India, has awarded a significant contract to M/s Braithwaite & Co Ltd. The contract involves the manufacture and supply of specialized rakes, boosting its operational capacity in the rail freight sector.Under the agreement, the company has placed a substantial order with M/s Braithwaite & Co Ltd., classifying the entity as a domestic contractor.
The scope of work mandated under the contract is the complete manufacture and supply of 09 units of BLSS (Spine Car) rakes on a turnkey basis. The financial consideration for this contract, excluding GST, is reported to be Rs. 175.36 Crores.
The contract carries a defined operational timeline. CONCOR has specified that the supplies must be completed up to February 28, 2027, with a minimum requirement of two rakes per month during this period.
Key details of the awarded contract are summarized below:
| Detail | Information |
|---|---|
| Contract Winner | M/s Braithwaite & Co Ltd. |
| Contract Value (Excluding GST) | Rs. 175.36 Crores |
| Scope of Work | Manufacture & supply of 09 nos BLSS (Spine Car) rakes on turnkey basis |
| Timeline | Completion up to 28/02/2027 (Minimum 02 rakes per month) |
| Related Party Status | No related party transactions; no promoter interest in the awarded entity. |
CONCOR Stock Price Movement
Today, shares of Container Corporation of India Limited closed higher, settling at ₹489.2, representing a solid 1.34% gain. The stock saw substantial trading activity throughout the day, with 1.35 million shares changing hands.Source:
Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.