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Corporate News |
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Concor to invest ?8,000 cr over five years in infra and IT-enabled systems
24-Jun-2017
Container Corporation of India (Concor) will spend ?6,000-8,000 crore over five years to develop infrastructure, buy equipment and strengthen IT-enabled systems, according to its Chairman and Managing Director V Kalyana Rama.The capex plan for the next five years will be on the same lines as that of the past five years. However, since Concor has major plans to expand its warehousing spaces, investment will be higher, with nearly ?8,000 crore instead of ?6,000 crore, he told newspersons on the sidelines of the two-day CII South India Port Conclave.
News Source:- http://www.thehindubusinessline.com/companies/concor-to-invest-8000-cr-over-five-years-in-infra-and-itenabled-systems/article9735250.ece
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