The government has put the privatisation of Container Corporation of India Ltd (Concor) on hold. In November 2019, the Union Cabinet approved the strategic sale of a 30.8 per cent stake in Concor, along with management control. Concor is a Navratna PSU under the Ministry of Railways. Currently, the government holds a 54.80 per cent stake in the company.
The Container Corporation of India, also known as Concor, is a public sector undertaking which operates in the transportation and handling of containers business. Apart from providing inland transport by rail for containers, Concor also covers the management of air cargo complexes, ports, and establishing cold-chain.
Despite the Cabinet’s approval for the sale in 2019, there has been no significant progress. An Expression of Interest (EOI) has not yet been invited for the strategic sale.
