Concor - Policy Provides Clarity On Long Term Land Licensing Fee Charges: Centrum Broking

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. .Centrum Broking Report.Ministry of Railways has released a circular detailing the 'Policy for Management of Railway Land'. This comes in the backdrop of the announcement of new land licensing fee policy in September 2022. The circular has provided clarity that if the existing entities which are operating cargo terminals on railway land (eg. Container Corporation of India Ltd.) do not want to shift to the new LLF policy then they can enter into a new lease agreement (for upto 35 years) at lease charges of 6% of market value of land with annual inflation of 7%. This is the same regime (implemented with-effect-from FY21) under which Concor currently pays the LLF charges. In effect, this circular crystallises Concor’s LLF charges for 35 years and is an enabler for the proposed divestment of the company. In our view, migration to the new LLF policy (1.5% of the market value of land and 6% inflation with existing terminals being subject to a competitive bidding process) is not an option that Concor would be interested in..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Concor - Policy Provides Clarity On Long Term Land Licensing Fee Charges: Centrum Broking

Ministry of Railways has released a circular detailing the 'Policy for Management of Railway Land'

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