Announced Thu, 9 Jul · 17:35 IST
CONCOR signs 15-year LNG station deal with GAIL in Ahmedabad
CONCOR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+2.5%1-day move
₹458.00
prior close
₹462.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.8+0.8+0.6+0.7+2.5+7.6+7.6+7.1+6.1+7.2————
Up moveDown movePending
AI summary
CONCOR and GAIL India signed a 15-year agreement to set up an LNG dispensing station at CONCOR's Inland Container Depot in Khodiyar, Ahmedabad. GAIL will invest and operate the retail LNG outlet, while CONCOR will provide about 3,000 square metres of land and utilities. CONCOR has committed to deploying 15 LNG-powered trucks from year one. The facility will fuel CONCOR's fleet and open-market commercial vehicles 24x7.
Likely market impact
Strategic PSU tie-up adds green fuel infrastructure and may lower fleet fuel costs for CONCOR. Mildly positive long-term signal.