CONCOR places Rs 461.55 crore of domestic equipment orders
CONCOR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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CONCOR placed three domestic procurement contracts totaling Rs 461.55 crore, excluding GST. Touax Taxmaco Railcar Leasing will provide eight BLSS wagon rakes with brake vans under a 10-year operating lease for Rs 157.92 crore, within 255 days. TIL will design, make and commission 25 loaded reach stackers for Rs 66.75 crore within 330 days. GATX India will provide 12 BLSS wagon rakes under a 10-year lease for Rs 236.88 crore.
The contracts can support equipment capacity and service growth, but create purchase and 10-year lease commitments that may raise future costs.