Container Corporation of India has completed the formal appointment process for Shri Vivek Gupta as Director (Finance) & Chief Financial Officer (CFO), following his assumption of charge on 21.04.2026. The Board of Directors, in its meeting held on 22.04.2026, officially ratified the dual appointment effective from 21.04.2026.

Board Appointment and Leadership Transition

The Board's decision follows the Ministry of Railways' approval for Gupta's appointment as Director (Finance) for a five-year term. In a significant development, the Board has now also designated him as CFO, a role previously held by Shri Harish Chandra, Principal Executive Director (Finance) & CS & CFO, who ceased to hold the CFO charge effective 21.04.2026.

Regulatory Compliance and Governance

In compliance with regulatory requirements, CONCOR has confirmed that Gupta has not been debarred from holding director positions by SEBI or any other authority. The appointment follows all necessary procedures under the Companies Act 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The company has updated its Board composition, with Gupta joining as the third whole-time director alongside Chairman & Managing Director Sanjay Swarup and other functional directors including Ajit Kumar Panda (Projects & Services) and Vijoy Kumar Singh (International Marketing & Operations).

Professional Background and Achievements

Shri Vivek Gupta brings over 32 years of distinguished service as a 1997 batch Indian Railway Accounts Service (IRAS) officer. His educational credentials include a B.Tech. from IIT-BHU, Varanasi, and an MBA in Finance from BITS Pilani.

Recognition and Career Milestones

Gupta's career spans multiple railway zones in senior capacities, including roles as Additional DRM at Izzatnagar Division, Senior DFM positions across various divisions, and FA&CAO roles in N.W. Railway and N.C. Railway. His notable recognitions include:

• National Award for Outstanding Service (MR Award) 2009: The highest honor of Indian Railways for integrating Crew Management System (CMS) with Payroll Accounting System (IPAS)
• GM Award for Best Innovation 2015: For conception and design of "Railkarmi" mobile application for W.C. Railway, later adopted by CRIS as pan-India RESS platform

Beyond professional achievements, Gupta maintains active involvement in sports including table tennis, badminton, marathon, and cycling, demonstrating his commitment to maintaining a balanced professional and personal life.

Container Corporation of India Ltd (CONCOR) has secured a significant turnkey order worth Rs 175.36 crores for the manufacturing and supply of 9 BLSS (Spine Car) rakes. The order placement represents a major operational development for the multi-modal logistics company, which operates as a Navratna CPSE under the Government of India.

Order Specifications and Value

The comprehensive order has been awarded to M/s Braithwaite & Co Ltd under a turnkey arrangement, ensuring complete project delivery from manufacturing to commissioning. The contract value of Rs 175.36 crores excludes GST and covers specialized railway equipment essential for containerized cargo transportation.

Delivery Timeline and Schedule

The order comes with structured delivery requirements to ensure systematic integration of the new railway equipment. Braithwaite & Co Ltd must complete all supplies by February 28, 2027, maintaining a minimum delivery rate of 2 rakes per month. This phased delivery approach will enable CONCOR to progressively incorporate the new equipment into its operational network.

Regulatory Compliance Framework

CONCOR has ensured full compliance with regulatory disclosure requirements under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has confirmed several important compliance aspects of this business transaction.

Strategic Impact on Operations

This order placement demonstrates CONCOR's continued commitment to expanding its railway infrastructure and operational capacity. The BLSS (Spine Car) rakes are specialized railway equipment designed to enhance the company's containerized cargo transportation capabilities across its extensive network. The turnkey nature of the contract ensures comprehensive service delivery, covering all aspects from manufacturing to final commissioning and operational readiness.