Container Corporation of India Limited (CONCOR) is an Indian public sector undertaking which is engaged in transportation and handling of containers. Incorporated in March 1988 under the Companies Act, CONCOR commenced operations in November 1989 taking over an existing network of seven inland container depots (ICDs) from Indian Railways.[3]
History
CONCOR is one of the Indian public sector undertakings that is currently under consideration for privatisation.[4] The privatisation process, which involves the Indian Government selling 30.8% out of its shareholding of 54.8%, was initially projected to be completed in the fiscal year 2021–2022, but has since been delayed to the next fiscal year.[4] In April 2022, the Indian Government reduced Indian Railways' land licensing fee from 6% to 3% of the land's market value, which was done to assist the company's privatisation.[5]
Operations
CONCOR has multiple operations: cargo carrier; terminal, warehouse & MMLP operation.[6][7][8]
Container shipping
As per CNN-News18 report from 19 November 2024, a roadmap study would be commissioned by Container Corporation of India Limited to one of the leading consulting firms, Ernst & Young, KPMG, or PwC, in order to enter the global container shipping industry. The initial target areas will be the Middle East and South Asia.[9]
External links
References
- Results Data from Moneycontrol Site".^
- Concor Balance Sheet^
- Rakhi Mazumdar. CONCOR may launch a container train service between India & Bangladesh The Economic Times, 2017-12-14, retrieved 2017-12-29^
- PTI. Concor strategic sale not happening this fiscal: DIPAM Secy The Economic Times, 12 October 2021, retrieved 2022-05-07^
- Karishma Asoodani. Concor disinvestment may progress this month: Sources Business Today, 7 April 2022, retrieved 2022-05-07^
- Concor Registers Significant Turnaround in Business Concor Board Announces Highest Ever Interim Dividend Corporation Records 13.89 Per Cent Increase in its Net Profit in Q3 Investment in Logistic Parks Planned Press Information Bureau, 20 January 2011, retrieved 26 November 2024^
- Is CONCOR the next big infrastructure bet? Logistics Outlook, 2024-05-15, retrieved 2024-11-26^
- CONCOR to set up CFS at Kathuwas MMLP in partnership with private firms Maritime Gateway, 2024-04-13, retrieved 2024-11-26^
- Aman Sharma. In A First, India Set To Foray Into Global Container Shipping Business News18, 19 November 2024, retrieved 2024-11-26^