CONCOR, GAIL sign 15-year agreement to set up LNG dispensing station in Ahmedabad

Container Corporation of India (CONCOR) and GAIL India shares will be on investors’ radar after the former on Thursday, July 9, said the companies have signed a long-term agreement to set up an LNG dispensing station in Ahmedabad.

The liquefied natural gas (LNG) station will be built at CONCOR’s Inland Container Depot (ICD) in Ahmedabad’s Khodiyar.

Under the 15-year agreement, GAIL will hold exclusive operational control and invest in setting up the retail LNG outlet infrastructure. Concurrently, CONCOR will provide a dedicated land parcel of approximately 3,000 square meters within its high-traffic Ahmedabad terminal along with essential utility connectivity.

“To ensure the commercial viability of the green corridor project. CONCOR has committed to deploying a dedicated fleet of 15 LNG-powered commercial vehicles starting in the first contract year,” the company said in a regulatory filing.

It added that the multi-modal facility will operate round-the-clock, offering high performance, eco-friendly fueling to CONCOR's logistics fleet as well as open-market commercial vehicles.

The agreement was signed on July 8, 2026, at GAIL’s New Delhi office by Mani Bhushan Singh, GGM (Projects & Services), CONCOR, and Hitendra Kumar Garg, ED (Marketing), GAIL, in the presence of Swayambhu Arya, ED (Projects & Services), CONCOR, along with other senior officials from both organisations.

GAIL (India) had reported a 21% decline in its standalone net profit sequentially to ₹1,262 crore for the fourth quarter ended March 31, 2026 (Q4 FY26). Its net profit for the preceding quarter of the same fiscal year was at ₹1,602 crore.

For Q4 FY26, CONCOR had reported a 9.8% YoY fall in consolidated net profit to ₹259.29 crore as compared to ₹287.69 crore a year ago.

CONCOR and GAIL share price trends

On Thursday, CONCOR shares settled at ₹457.10 per share on the National Stock Exchange, rising 1.26%. GAIL (India) shares closed 0.57% higher at ₹170.20 per share.

Since the beginning of the year, CONCOR shares have tumbled nearly 13%, and its market capitalisation stands at ₹34,882.10 crore.

Meanwhile, GAIL India shares, with a market capitalisation of ₹1.12 lakh crore, have slipped almost 1% so far since the beginning of 2026.