Container Corporation Secures ₹175 Crore Contract from Braithwaite for BLSS Rakes
Concor gains on bagging Rs 175-cr contract from Braithwaite for 9 BLSS rakes
Business Standard
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Container Corporation of India (CONCOR) has secured a ₹175.36 crore contract from Braithwaite & Co for the manufacture and supply of nine BLSS (spine car) rakes. The contract, expected to be completed by February 28, 2027, aims for a minimum delivery of two rakes per month.
- 01CONCOR's share price rose by 1.43% to ₹496.10 following the contract announcement.
- 02The contract with Braithwaite & Co is valued at ₹175.36 crore.
- 03Delivery of the nine rakes is scheduled to be completed by February 28, 2027.
- 04CONCOR's consolidated net profit fell by 8.9% to ₹333.91 crore despite a 4.5% increase in net sales.
- 05The company is not involved in related party transactions regarding this contract.
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Container Corporation of India (CONCOR) announced a 1.43% increase in its share price, reaching ₹496.10, after securing a ₹175.36 crore contract from Braithwaite & Co. This contract involves the manufacture and supply of nine BLSS (spine car) rakes on a turnkey basis, with a delivery schedule set to complete by February 28, 2027, aiming for a minimum of two rakes per month. Importantly, CONCOR clarified that neither the promoter nor any related entities have interests in the awarding entity, ensuring transparency in the contract process. Despite this positive development, CONCOR reported an 8.9% decline in consolidated net profit, which stood at ₹333.91 crore for Q3 FY26, even as net sales increased by 4.5% to ₹2,307.51 crore compared to Q3 FY25.
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The contract is expected to enhance CONCOR's revenue stream and may stabilize its financial performance in the coming years.
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