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26-Mar2019

CONCOR to avail working capital loan up to Rs 1,000 crore

Container Corporation of India (CONCOR) has received an approval to avail a working capital loan not exceeding Rs 1,000 crore from any bank(s)/corporate(s) and institution(s), for joining the Freight Advance Scheme launched by Ministry of Railways. The Board of Directors in its meeting held on March 25, 2019, approved the same.

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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