Gateway Distriparks Limited (NSEI:GDL) is open to bid for a stake in Container Corporation of India Limited (NSEI:CONCOR)'s (Concor) strategic divestment. However, GDL which has been shortlisted for running private passenger trains, will not bid for the private passenger train project of Railways. This was told to BusinessLine by Prem Kishan Dass Gupta, Chairman and Managing Director, GDL.

GDL, with three container handling depots along the Western Dedicated Freight Corridor, will get “maximum advantage” as more sections of the dedicated freight corridor get operationalised, said Dass Gupta. His company has already run multiple double stack trains on the and some have achieved high speeds of 95 kmph. On GDL's interest to bid for Concor, Dass Gupta said, “GDL had entered into a partnership with a fund and submitted expression of interest for Concor's disinvestment plans (Government had announced similar plans a few years back as well).

We will largely be an operational company, with some investment to show our interest. But, the investment will largely be from the fund…Once the next round starts, we will go back to the fund,” said Dass Gupta. The Finance Minister Nirmala Sitharaman announced this budget that the strategic divestment of Concor (a listed company) will be completed this year.