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The net profit of Container Corporation of India (Concor), the only listed firm of Indian Railways, has dipped by 21 per cent for the quarter-ended June, due to service tax, new depreciation norms and a drop in traffic. The traffic went down by 6.5 per cent during the period, shared sources.
The traffic also got hit due to the signalling failure due to fire, which is on the Delhi-Mumbai route. Container Corporation of India (Concor) has reported a turnover without service tax Rs 1,421 crore, up 12 per cent against the same period previous fiscal.
mamuni.das@thehindu.co.in
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