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Offer period 11th - 18th August, 2018

Maharatna Status to CONCOR
Aug 11, 2014

The Ministry of Heavy Industries and Public Enterprises, Department of Public Enterprises, Government of India granted Navratna status to CONCOR. CONCOR is a PSU engaged in providing comprehensive logistics solutions. It has the largest network of 62 inland container depots (ICDs)/container freight stations in India. In addition to providing inland transport by rail for containers, it has also expanded to cover management of ports, air cargo complexes and establishing cold-chain. The Government of India holds 61.80% stake in CONCOR (as per the shareholding pattern as on 30 June 2014).

The main objective of the Maharatna Scheme is to empower mega CPSEs to expand their operations and emerge as global giants. The Boards of Maharatna CPSEs in addition to exercising all powers to Navratna CPSEs, will exercise enhanced powers in the area of investment in joint ventures/subsidiaries and creation of below Board level posts. The Boards of Maharatna Central Public Sector Enterprises (CPSEs) will have powers to (a) make equity investment to establish financial joint ventures and wholly owned subsidiaries in India or abroad and (b) undertake mergers &  acquisitions, in India or abroad, subject to a ceiling of 15% of the net worth of the concerned CPSE in one project, limited to an absolute ceiling of Rs.5,000 crore (Rs.1000 crore for Navratna CPSEs). The overall ceiling on such equity investments and mergers and acquisitions in all projects put together will not exceed 30% of the net worth of the concerned CPSEs.

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