Container Corporation of India

Container Corporation of India Limited
Company typePublic
IndustryTransport
FoundedMarch 1988 (1988-03)
Headquarters
New Delhi
,
India
Key people
Sh. Sanjay Swarup
(Chairman & Managing Director)
ProductsTerminals
Intermodal
RevenueIncrease ₹9,023 crore (US$1.1 billion) (2024)[1]
Increase ₹1,638 crore (US$190 million) (2024)[1]
Increase ₹1,232 crore (US$150 million) (2024)[1]
Total assetsIncrease ₹14,038 crore (US$1.7 billion) (2024)[2]
Total equityIncrease ₹11,823 crore (US$1.4 billion) (2024)[2]
OwnerGovernment of India
Number of employees
1,400 (March 2021) [2]
Subsidiaries
  • CONCOR Air Limited
  • Fresh and Healthy Enterprise Limited
  • Punjab Logistics Infrastructure Limited
  • SIDCUL CONCOR Infra Company Limited
Websiteconcorindia.co.in

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]

References

  1. ^ a b c "Financial Results Data from Moneycontrol Site".
  2. ^ a b c "Concor Balance Sheet".
  3. ^ Mazumdar, Rakhi (14 December 2017). "CONCOR may launch a container train service between India & Bangladesh". The Economic Times. Retrieved 29 December 2017.
  4. ^ a b PTI (12 October 2021). "Concor strategic sale not happening this fiscal: DIPAM Secy". The Economic Times. Retrieved 7 May 2022.
  5. ^ Asoodani, Karishma (7 April 2022). "Concor disinvestment may progress this month: Sources". Business Today. Retrieved 7 May 2022.
  6. ^ "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. Ministry of Railways, Government of India. 20 January 2011. Retrieved 26 November 2024.
  7. ^ "Is CONCOR the next big infrastructure bet?". Logistics Outlook. 15 May 2024. Retrieved 26 November 2024.
  8. ^ "CONCOR to set up CFS at Kathuwas MMLP in partnership with private firms". Maritime Gateway. 13 April 2024. Retrieved 26 November 2024.
  9. ^ Sharma, Aman (19 November 2024). "In A First, India Set To Foray Into Global Container Shipping Business | Exclusive". News18. Retrieved 26 November 2024.
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