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Concor faces downgrades over land valuation uncertainty

Concor faces downgrades over land valuation uncertainty
Concor faces downgrades over land valuation uncertainty
The New Delhi headquartered public sector company has provisioned for the incremental demand of the Indian Railways in the June quarter, that has pulled down its operating profits.

Synopsis

Analysts believe that the wide variation in the lease rental rate demand by the Indian Railways and the company’s assessment due to difference in the valuation of the land value of the container terminals.

ET Intelligence Group: The stock of Container Corporation (CONCOR), India’s largest freight train operator, fell 15% on Monday after the Indian Railways demanded higher lease rate for land used by the company for Tughlakabad and Okhla container terminals. The New Delhi headquartered public sector company has provisioned for the incremental demand of the Indian Railways in the June quarter, that has pulled down its operating profits. The
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