Container Corporation of India Secures Orders Worth Rs. 462 Crores
Filing Summary
Container Corporation of India Ltd. has disclosed the awarding of contracts from three domestic entities for the supply and lease of wagons and reach stackers. The contracts, valued at a total of Rs. 462 Crores, involve M/s Touax Texmaco Railcar Leasing Pvt. Ltd., M/s TIL Ltd., and M/s GATX India Pvt. Ltd. The agreements include specific terms for supply completion within 255 to 330 days. No related party transactions are involved.
Container Corporation of India Ltd. has announced the awarding of contracts as per Regulation 30 of the SEBI (LODR) Regulations, 2015. The company has entered into agreements with three domestic entities for the supply and lease of logistics equipment.
The first contract is with M/s Touax Texmaco Railcar Leasing Pvt. Ltd. for the supply of eight rakes of BLSS wagons with Brake Van Type BVCM on an operating lease. The lease period is set for ten years, and the supplies are to be completed within 255 days. The contract is valued at Rs. 157 Crores, excluding GST.
The second contract involves M/s TIL Ltd. for the design, manufacture, supply, and commissioning of 25 loaded reach stackers. The completion timeline for this contract is 330 days, with a total value of Rs. 67 Crores, excluding GST.
The third agreement is with M/s GATX India Pvt. Ltd. for the supply of 12 rakes of BLSS wagons with Brake Van Type BVCM on an operating lease for ten years. Supplies under this contract are to be completed within 315 days. The contract is valued at Rs. 237 Crores, excluding GST.
None of these contracts involve related party transactions, and there is no promoter or promoter group interest in the entities awarded the contracts.
M/s Touax Texmaco Railcar Leasing Pvt. Ltd. is engaged in providing railcar leasing solutions, focusing on enhancing logistics capabilities through innovative leasing options. M/s TIL Ltd. specializes in the design and manufacture of material handling equipment, while M/s GATX India Pvt. Ltd. offers leasing services for railcars, supporting the logistics sector with efficient leasing solutions.
Container Corporation of India Ltd. is a multi-modal logistics company under the Government of India, recognized as a Navratna CPSE. It focuses on providing integrated logistics solutions, enhancing supply chain efficiency, and expanding its logistics infrastructure to support the growing demands of the industry.