NEW DELHI : The customary post financial results analysts call held by the top management team at Container Corporation of India Ltd (CONCOR) on 11 August to discuss the first quarter performance gave a glimpse into the status of the much-awaited privatisation of the state-run rail hauler with a so-called ‘navratna’ tag.

Close to four years after the Union Cabinet decided to privatise CONCOR in November 2019, the Department of Investment and Public Asset Management (DIPAM), the Government’s asset sale agency, is yet to float a bid seeking expressions of interest for the stake sale.

Analysts seeking clarity or status of the privatisation exercise during previous such calls were repeatedly told by the Company leadership that this matter was handled by and came under the domain of DIPAM and, hence, they had no update or comments to offer.