₹900. Concor estimated this to be in the region of ₹450 crore earlier. Due to the increase in fees, Concor surrendered about 15 terminals that generated about 4% revenue.
This could lead to some cost savings as volumes will change lines to nearby terminals.Even so, Concor will have to pass on the increase in LLF to its customers through tariff hikes. “The last 12 months have been impacted by COVID-19 and LLF.
We believe current price levels reflect low confidence in DFC-linked volume accretion and the ability to pass on some of the LLF rise in prices," said the Jefferies India report.Capital expenditure plans are on track with about ₹500 crore, which is good enough evidence that the corporation is gearing for the corridor.