{"id":114076,"date":"2023-11-21T13:57:10","date_gmt":"2023-11-21T08:27:10","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=114076"},"modified":"2023-11-21T14:30:44","modified_gmt":"2023-11-21T09:00:44","slug":"navratna-stock-in-green-after-it-signs-mou-with-igl-for-sustainable-transportation-using-lng-trucks","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/navratna-stock-in-green-after-it-signs-mou-with-igl-for-sustainable-transportation-using-lng-trucks\/","title":{"rendered":"Navratna stock in green after it signs MoU with IGL for sustainable transportation using LNG Trucks\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1017599665\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Shares of this Navratna stock under the \u2018mid-cap\u2019 category traded in the green on Tuesday after the company signed a Memorandum of Understanding (MoU) with Indraprastha Gas Limited (IGL) to propel Sustainable Transportation using LNG Trucks.\u00a0<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-4162287419\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>With a market capitalization of Rs 45,858.54 crores, the stocks of Container Corporation of India Limited opened their trading hour on Tuesday at Rs 753 and currently trades at Rs 752.65, trading flat as compared to the previous closing levels of Rs 751 apiece.&nbsp;<\/p><p>In a recent regulatory filing with the Bombay Stock Exchange (BSE), the company intimated that it has signed a MoU with IGL to explore the possibility of setting up LNG\/LCNG infrastructure within the premise of CONCOR terminals.&nbsp;<\/p><p>The strategic partnership aims to bring a revolution in the logistics sector replacing diesel with natural gas. LNG trucks emit significantly lower levels of greenhouse gas emissions compared to conventional diesel trucks thereby contributing to a cleaner environment and aligning with the sustainability goals.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-3408820885\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>\u201cThe partnership with IGL for LNG trucks refueling is a testament to our commitment to a greener future.\u201d, <strong>commented Mr. Sanjay Swarup, Chairman &amp; Managing Director of CONCOR<\/strong>.&nbsp;<\/p><p>During the latest quarter, the company reported an increase in operating revenues from Rs 1,922.84 crores during Q1FY23-24 to Rs 2,194.87 crores during Q2FY23-24. Moreover, the company\u2019s bottom-line numbers saw a decent increase from Rs 242.19 crores to Rs 362.79 crores.&nbsp;<\/p><p>Coming onto the profitability metrics, the return on equity (RoE) rose marginally from 10.06 percent during FY21-22 to 10.68 percent during FY22-23. Moreover, the return on capital employed (RoCE) moved up from 13.84 percent to 14.73 percent keeping the timeframe the same.&nbsp;<\/p><p>As per the latest shareholding for the quarter ended September 2023, the company\u2019s Promoters hold a 54.8 percent stake, and the Foreign Institutional Investors (FIIs) hold a considerable stake of 20.69 percent in the company.&nbsp;<\/p><p>Container Corporation of India Limited (Cocor) is a logistics &amp; transport company based in India that transports and handles shipping containers and operates logistics facilities including dry ports and warehousing. Domiciled in India, the company derives a majority of its revenue from domestic operations.&nbsp;<\/p><p><strong>Written by Amit Madnani<\/strong><\/p><div class=\"trade-content-10\" id=\"trade-3874358454\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><div class=\"trade-after-content\" id=\"trade-993624766\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Shares of this Navratna stock under the \u2018mid-cap\u2019 category traded in the green on Tuesday after the company signed a Memorandum of Understanding (MoU) with Indraprastha Gas Limited (IGL) to propel Sustainable Transportation using LNG Trucks.\u00a0 With a market capitalization of Rs 45,858.54 crores, the stocks of Container Corporation of India Limited opened their trading [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":105441,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,13525],"tags":[],"class_list":["post-114076","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-stock-updates"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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