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RITES signed a Memorandum of Understanding (MoU) with Container Corporation of India (CONCOR), a Navratna Public Sector Enterprise under the Ministry of Railways, to collaborate on Project Management Consultancy (PMC) services from concept to commissioning for the development and improvement of CONCOR's terminals and establishments.
The partnership will leverage RITES' multidisciplinary engineering and project management expertise to support the planning, design, execution and supervision of infrastructure projects undertaken for CONCOR.
Under the MoU, CONCOR may entrust RITES, on a work-to-work basis, with Project Management Consultancy services from concept to commissioning. These services will include feasibility studies, preparation of Detailed Project Reports, detailed engineering, architectural and structural design, project supervision, quality assurance, and construction management etc.
The collaboration will support the development and improvement of infrastructure including multimodal logistics parks, inland container depots, rail-linked terminals, warehouses, railway infrastructure, administrative buildings, roads, utilities and allied facilities. Through this partnership, both RITES and CONCOR aim to leverage their respective strengths to facilitate the timely execution of logistics infrastructure projects and contribute to the development of efficient multimodal logistics facilities in the country.
Container Corporation of India (CONCOR) is engaged in the business of providing inland transportation of containers by rail. It also covers the management of ports and air cargo complexes and establishes cold chains.
The company reported a 12.38% decline in consolidated net profit to Rs 262.65 crore in Q4 FY26, compared with Rs 299.79 crore posted in the corresponding quarter last year. Revenue from operations slipped 1.1% year-on-year to Rs 2,263.30 crore in the quarter ended 31 March 2026.
The counter rose 0.76% to settle at Rs 473 on the BSE.
Shares Steel Authority of India (SAIL) are banned from F&O trading on 26 May 2026.
Result Today:
ONGC, Siemens, Brainbees Solutions, Venus Pipes, Transrail Lighting, Marksans Pharma, Morepen Laboratories, Jubiliant Ingrevia, RedTape, Aequs, Gujarat Fluorochemicals, Gujarat Gas AIA Engineering, AstraZeneca Pharma, Bayer, Camlin Fine Sciences, Gandhar Oil, IRCTC, JK Tyre, Landmark Cars, Senco Gold, Steep Strips Wheel will declare their quarterly results later today.
Stocks in Spotlight:
Man Industries (India) reported 61.3% jump in consolidated net profit to Rs 55.04 crore on 13.4% increase in revenue from operations to Rs 830.38 crore in Q4 FY26 over Q4 FY25.
Hitachi Energy reported 120% surge in standalone net profit to Rs 302.19 crore on 27.7% rise in net sales to Rs 2021.31 crore in Q4 March 2026 over Q4 March 2025.
Container Corporation of India (Concor)’s consolidated net profit declined 12.4% to Rs 262.65 crore in Q4 FY26 compared with Rs 299.79 crore in Q4 FY25. Net sales fell 1.1% YoY to Rs 2,263.30 crore in Q4 FY26.
Suprajit Engineering’s consolidated net profit soared 161% to Rs 71.11 crore in Q4 FY26, compared with Rs 27.24 crore in Q4 FY25. Net sales jumped 18.8% YoY to Rs 1041.93 crore in Q4 FY26.
Pine Labs reported consolidated net profit to Rs 59.36 crore in Q4 FY26 compared with net loss of Rs 28.91 crore in Q4 FY25. Revenue from operations climbed 17.02% YoY to Rs 700.51 crore in Q4 FY26.
Suzlon Energy’s consolidated net profit declined 5.64% to Rs 1,114.35 crore on a 44.91% increase in revenue from operations to Rs 5,468.06 crore in Q4 FY26 over Q4 FY25.
Aditya Birla Fashion Retail (ABFRL) net loss widened to Rs 148 crore in Q4 FY26 compared with net loss of Rs 16.87 crore in Q4 FY25. Revenue from operations climbed 15.74% YoY to Rs 1990.13 crore in Q4 FY26.
For the full year,net profit declined 3.74% to Rs 1241.80 crore in the year ended March 2026 as against Rs 1290.01 crore during the previous year ended March 2025. Sales rose 2.16% to Rs 9078.97 crore in the year ended March 2026 as against Rs 8887.02 crore during the previous year ended March 2025.
. At 14:25 ST, the barometer index, the S&P BSE Sensex slipped 425.31 points or 0.55% to 76,064.72. The Nifty 50 index fell 97.80 points or 0.40% to 23,933.10.
The broader market outperformed the frontline indices. The BSE 150 MidCap Index added 0.18% and the BSE 250 SmallCap Index jumped 0.22%.
The market breadth was almost even. On the BSE, 2,062 shares rose and 2,054 shares fell. A total of 206 shares were unchanged.
The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, fell 3.05% to 16.19.
Buzzing Index:
The Nifty PSU Bank shares declined 0.65% to 8,184.20. The index rallied 4.64% in the past five trading sessions.
Bank of Maharashtra (down 1.37%), Bank of India (down 1.29%), Union Bank of India (down 1.01%), Indian Bank (down 0.93%), Indian Overseas Bank (down 0.83%), Bank of Baroda (down 0.77%), State Bank of India (down 0.63%), Central Bank of India (down 0.58%), Punjab National Bank (down 0.56%) and Canara Bank (down 0.55%) declined.
Numbers to Tracks:
The yield on India's 10-year benchmark federal paper advanced 0.10% to 7.032 compared with previous session close of 7.025.
In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 95.5975 compared with its close of 95.2600 during the previous trading session.
MCX Gold futures for 5 June 2026 settlement fell 0.84% to Rs 157,750.
The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was down 0.17% to 99.08.
The United States 10-year bond yield declined 1.36% to 4.511.
In the commodities market, Brent crude for July 2026 settlement dropped $3.98 or 3.84% to $99.56 a barrel.
Marksans Pharma surged 12.69% after the company reported strong growth in quarterly earnings. On a consolidated basis, the company reported a net profit of Rs 148.12 crore in Q4 FY26, up 63.60% YoY and 30.85% QoQ. Revenue from operations rose 20.84% YoY to Rs 856.11 crore in Q4 FY26, while increasing 13.48% QoQ.
Container Corporation of India (CONCOR) fell 7.41% after the company reported a 12.38% decline in consolidated net profit to Rs 262.65 crore in Q4 FY26, compared with Rs 299.79 crore posted in the corresponding quarter last year. Revenue from operations slipped 1.1% year-on-year to Rs 2,263.30 crore in the quarter ended 31 March 2026.