CONCOR repays working capital loan of Rs 700.00 crore

31 May 2019

Container Corporation of India (CONCOR) has repaid the entire short term working capital loan of Rs 700.00 crore along with interest.

Earlier, the Board of Directors in its meeting held on March 25, 2019 had accorded its approval for availing a working capital loan not exceeding Rs1,000 crore by the company from any bank(s)/ corporate(s) and institution(s), for joining the Freight Advance Scheme launched by Ministry of Railways. Accordingly, CONCOR took a working capital loan of Rs 700.00 crore in March, 2019.

CONCOR is a Public Sector Undertaking, under Ministry of Indian Railways which was incorporated in March 1988 under the Companies Act, and commenced operation from November 1989 taking over the existing network of 7 ICDs from the Indian Railways.

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