DFC is expected to be connected to Pipavav port and Mundra port in Gujarat by CY21 end to early CY22, which should benefit CTOs like GDL in terms of higher volume growth. DFC is likely to enhance the operational metrics of CTOs with enhanced visibility on delivery time due to time tabled freight trains and higher share of double stacked trains enabling better operational efficiencies, among other triggers. The segment is witnessing stronger profitability owing to better turnaround time (EBITDA/TeU reached ~| 10000 levels in Q4FY21, partly supported by IR rebates on haulage charges for...