Container Corporation of India Limited (CONCOR) has signed a long-term agreement with GAIL (India) Limited to establish a Liquefied Natural Gas (LNG) dispensing station at CONCOR's Inland Container Depot (ICD) in Khodiyar, Ahmedabad. The initiative is aimed at supporting the adoption of cleaner fuel alternatives in India's heavy-duty commercial logistics sector.
The agreement was signed on July 8, 2026, at GAIL's office in New Delhi in the presence of senior officials from both organisations.
The project will be developed under a 15-year agreement, under which GAIL will invest in and operate the LNG dispensing station.
As part of the arrangement:
GAIL will have exclusive operational control of the LNG retail outlet.
GAIL will invest in developing the LNG dispensing infrastructure.
CONCOR will provide a dedicated land parcel of approximately 3,000 square metres within its Khodiyar Inland Container Depot in Ahmedabad.
CONCOR will also provide the required utility connectivity for the project.
The LNG dispensing station will operate round the clock and cater to both CONCOR's logistics fleet and commercial vehicles from the open market.
The agreement is intended to support the transition towards cleaner fuel in India's logistics sector.
To support the commercial viability of the project, CONCOR has committed to deploying a dedicated fleet of 15 LNG-powered commercial vehicles from the first year of the agreement.
According to the companies, the LNG dispensing station will serve CONCOR's transportation requirements while also providing eco-friendly fuel to other heavy commercial vehicles operating in the region.
As of July 9, 2026, CONCOR share price closed at ₹1,305.40 each, up 3.62% on the NSE, after touching an intraday high of ₹1,311.20. The stock had opened at ₹1,250.10, with the day's low also at ₹1,250.10.
The company's total market capitalisation stood at ₹13,717.28 crore.
The agreement between CONCOR and GAIL marks a step towards expanding LNG infrastructure for the commercial logistics sector. Through the 15-year partnership, the companies aim to develop an LNG dispensing facility at CONCOR's Ahmedabad ICD to support cleaner fuel adoption and logistics operations.
Read stock market news in Hindi. Head to Angel One's share market news in Hindi for comprehensive coverage.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Jul 9, 2026, 5:45 PM IST
Rakesh Deshmukh
Rakesh Deshmukh is a financial content specialist with around 3 years of experience writing impactful content across equities, mutual funds, IPOs, and personal finance. At Angel One, he decodes real-time market trends and breaking news, helping investors and traders stay updated. He also helps investors make informed decisions by simplifying market fundamentals and technical analysis. He holds a bachelor’s degree in commerce.
Know MoreWe're Live on WhatsApp! Join our channel for market insights & updates
Get the link to download the App
