CONCOR

Expansion of logistics network

1. Strong growth in container rail logistics CONCOR continues to benefit from increasing containerized cargo movement across India. Growth in domestic and EXIM (export-import) cargo volumes remains a key earnings driver. 2. Beneficiary of India's logistics infrastructure push Government initiatives such as: Dedicated Freight Corridors (DFC) PM Gati Shakti Multimodal logistics parks are expected to support long-term growth for CONCOR. 3. Expansion of logistics network The company continues to strengthen its network of inland container depots (ICDs), terminals and logistics facilities across the country. Improved connectivity is helping enhance operational efficiency. 4. Focus on multimodal logistics CONCOR is increasingly focusing on integrated logistics solutions combining: Rail Road Warehousing Supply-chain services 5. Strong cash generation The company maintains a healthy balance sheet with strong cash flows and relatively low debt levels. This supports future expansion and dividend payouts. 6. Privatization remains a key trigger Investors continue to monitor developments regarding the government's divestment plans in CONCOR. Any progress on privatization could significantly impact stock sentiment. 7. DFC benefits expected to increase Dedicated Freight Corridors are expected to improve transit times, increase rail freight efficiency and support higher cargo volumes over the long term.