CONCOR shares witnessed a robust 2% surge following the announcement of a strategic agreement between the Railway PSU Container Corporation of India Ltd and Indraprastha Gas Ltd. The agreement outlines plans to investigate the feasibility of establishing LNG or LCNG infrastructure at CONCOR terminals in Uttar Pradesh and Gujarat.
In a bid to transform the logistics sector and embrace eco-friendly practices, CONCOR aims to replace diesel with natural gas through this collaboration with Indraprastha Gas Ltd. According to a statement by CONCOR, the memorandum of understanding (MoU) signed with IGL paves the way for the exploration of LNG/LCNG infrastructure within the premises of CONCOR terminals. The initial phase of this initiative will see the installation of both LNG and LCNG facilities at the Dadri terminal in Gautam Budh Nagar.
As of 9:42 am, CONCOR shares were actively trading at ₹762.45, reflecting a notable 1.53% uptick, underscoring investor confidence in the strategic move towards sustainable and greener logistics solutions.
