CONCOR Boosts Rail Capacity with ₹6.9 Billion Investment in Spine Car Rakes

Container Corporation of India (CONCOR) has taken a significant step to enhance its logistics capabilities by awarding a ₹6.9 billion order for 30 BLSS (spine car) rakes to Braithwaite & Co. Ltd, a government enterprise. This strategic move aligns with CONCOR's ongoing efforts to modernize its fleet and improve operational efficiency. The spine car rakes are expected to bolster CONCOR's ability to handle increased container traffic and support its market leadership in the logistics sector. This investment comes as CONCOR continues to focus on expanding its infrastructure and services, including the development of new terminals and the acquisition of additional containers and handling equipment.
Source: NSE, Business Standard, Moneycontrol