CONCOR: Good for us that part of dedicated freight corridor started, says CMD V Kalyana Rama

A part of the dedicated freight corridor (DFC) has started and it will bode well for the Container Corporation of India, said V Kalyana Rama, chairman and managing director (CMD) of the company, often abbreviated as CONCOR.

The PSU reported its third-quarter earnings beating estimates across all parameters. Profit after tax was further boosted by lower tax expense and higher other income but a one-off employee expense dents margins.

Speaking in an interview with CNBC-TV18, Rama said, “The good news is that the dedicated freight corridor (DFC) already started operating from Rewari to Madar Junction and that connects Pipavav and Mundra. However, full-scale operation has not started but now a regular running will start on DFC and the benefits will start coming to us from next financial year.”