Container Corporation of India has announced a key leadership transition with the appointment of Shri Vivek Gupta as Director (Finance) and the cessation of Ms. Pallavi Joshi from the position, both effective 21.04.2026.

Leadership Transition Details

The appointment follows approval from the Ministry of Railways, with the Competent Authority sanctioning Gupta's appointment for a period of five years from the date of assumption of charge or until further orders, whichever is earlier. As a government company, CONCOR's directors are appointed by the President of India through the Ministry of Railways.

Regulatory Compliance

In compliance with BSE and NSE circulars dated 20.06.2018, CONCOR has confirmed that Gupta has not been debarred from holding director positions by SEBI or any other authority. The new Director (Finance) has also confirmed that he does not hold any shares of CONCOR.

The company is completing the required procedures under the Companies Act 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, with necessary disclosures to be filed within stipulated timeframes.

Professional Background

Shri Vivek Gupta brings extensive experience as a 1997 batch Indian Railway Accounts Service (IRAS) officer with over 32 years of distinguished service. His educational qualifications include:

• B.Tech. from IIT-BHU, Varanasi
• MBA in Finance from BITS Pilani

Prior to Indian Railways, he worked in ITI Ltd and the private sector, gaining diverse experience across finance, IT, business development, and general administration.

Career Achievements

Gupta's career spans multiple railway zones in various senior capacities, including Additional DRM at Izzatnagar Division, Senior DFM positions at Moradabad, Jhansi, Agra, and Kota Divisions, and FA&CAO roles in N.W. Railway and N.C. Railway.

Recognition and Awards

Gupta has received several prestigious awards throughout his career:

• 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 well-rounded personality and commitment to fitness.

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.