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Shares of Container Corporation of India (CONCOR), on Monday, hit a 52-week high of Rs 644.95 after rallying 10 per cent on the BSE in intra-day trade on the back of heavy volumes after the company said its board has accorded in-principle approval for exploring the possibility of borrowings an amount not exceeding Rs 3,500 crore by the company from any bank(s)/ corporate(s) and institution(s) towards executing long term lease agreement(s) for Railway Land(s). The stock of the state-owned company, engaged in transport related services business, has surpassed its previous 52-week high of Rs 644, touched on March 4, 2021. It had hit a record high of Rs 665 on October 1, 2019. ....
April 01, 2021 Beginning April 1, the annual land licence fee will be calculated at the rate of 6 per cent per acre of the industrial land value where the terminal is located - PTI Beginning April 1, the annual land licence fee will be calculated at the rate of 6 per cent per acre of the industrial land value where the terminal is located - PTI× Could hurt share price and valuation Container Corporation of India Ltd (Concor) paid about Rs 600 crore to the Railways Ministry on Wednesday as land licence fee (LLF) for FY21, about 4.5 times more than the Rs 140 crore it paid in the previous year for running terminals built on land leased from the Indian Railways. ....
The Union Cabinet will consider a land policy that will help in the privatisation of state-owned Container Corporation of India (CONCOR), said Rail Minister Piyush Goyal on Wednesday. We were engaged in a lot of consultation both with the private and public sector. We have also consulted Niti Aayog and the Finance Ministry, he told journalists in Delhi. So for the future, after all, land is not given to CONCOR, or to the world at large. We have finalised this policy and it has been sent to cabinet, he said. The centre s plan to privatise CONCOR was stuck due to the non-clearance of the Land Licensing Fee (LLF) policy. It is expected that this disinvestment would go through after the Cabinet nod for this policy. ....