FilingReader Intelligence

Concor to consider final dividend, partners with GAIL for LNG

April 24, 2025 at 07:15 PM UTCBy FilingReader AI

Container Corporation of India (CONCOR) [BSE:CONCOR] has announced a board meeting scheduled for May 22, 2025, to consider the approval of audited financial results for the quarter and year ended March 31, 2025. The board will also deliberate on the declaration of a final dividend for the fiscal year 2024-25, subject to shareholder approval at the upcoming Annual General Meeting. In related news, CONCOR has signed a Memorandum of Understanding (MoU) with GAIL (India) Ltd. and the Ministry of Petroleum & Natural Gas on April 23, 2025. This agreement aims to develop LNG infrastructure at CONCOR terminals across India to ensure a consistent supply of LNG fuel for CONCOR's road transportation needs. The partnership will also explore other areas of mutual interest. Initially, the project will include the installation of an LNG station at CONCOR's terminal in Khodiyar, Ahmedabad. The company has already established an LNG station at MMLP Khatuwas and procured 130 LNG trailers. CONCOR has also closed its trading window for designated persons and their relatives from April 1, 2025, until 48 hours after the declaration of the financial results on March 31, 2025.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

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