Credit Suisse turns cautious on Container Corporation of India (CONCOR), and says the company is losing advantage in their top six terminals to the private sector.
"We will definitely try to pass on the price hike. It will be done in phases. We haven‘t passed it on completely", P Alli Rani, Director-Finance Container Corporation of India told CNBC-TV18.
Speaking to CNBC-TV18, Director & CFO, P Alli Rani said Concor's volumes have declined year-on-year but sequential improvement is visible.
With the removal of port congestion charge in the budget, Rani says Concor's port market share will go beyond 20 percent soon.
The two projects are going to be set up in Tehi (Madhya Pradesh) and Barhi (Haryana) and their cumulative worth is Rs 520 crore.