Container Corporation of India
Terminals Intermodal | |
Revenue | ₹8,103.40 crore (US$1.0 billion) (2023)[1] |
---|---|
₹1,553.73 crore (US$190 million) (2023)[1] | |
₹1,169.08 crore (US$150 million) (2023)[1] | |
Total assets | ₹12,194.55 crore (US$1.5 billion) (2021)[2] |
Total equity | ₹10,203.74 crore (US$1.3 billion) (2021)[2] |
Owner | Government of India |
Number of employees | 1,400 (March 2021) [2] |
Subsidiaries |
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Website | concorindia.co.in |
Container Corporation of India Limited (CONCOR) is an Indian
History
Indian Railways' strategic initiative to containerise cargo transport put India on the intermodal freight transport map for the first time in 1966. Given India's size (almost 3,000 kilometres (1,900 mi) from North to South and East to West), rail transport is often a cheaper option for all cargo over medium and long distances, especially if the cost of inter-modal transfers can be reduced. Seeing that containerised multi-modal door-to-door transport provided a solution to this problem, in 1966 Indian Railways entered the market for moving door-to-door domestic cargo in special DSO containers.
Although the first
Expansion of the network to seven ICDs by 1988 saw an increase in container handling capacity, while along the way a strong view emerged that there was a need to set up a separate pro-active organisation to promote and manage the growth of containerisation in India.[4][5]
CONCOR is one of the
Core Business
CONCOR operates three core businesses:
References
- ^ a b c "Financial Results Data from BSE Site".
- ^ a b c "Annual Report 2021" (PDF). bseindia.com (pdf). Retrieved 1 May 2022.
- ^ Mazumdar, Rakhi (14 December 2017). "CONCOR may launch a container train service between India & Bangladesh". The Economic Times. Retrieved 29 December 2017.
- ^ "Container Corporation of India stock rating is Hold; ICICI Securities says US experience offers lessons". The Financial Express. 11 December 2017. Retrieved 29 December 2017.
- ^ "Concor inks pact with BMCT for dedicated container trains - Times of India". The Times of India. Retrieved 29 December 2017.
- ^ a b PTI (12 October 2021). "Concor strategic sale not happening this fiscal: DIPAM Secy". The Economic Times. Retrieved 7 May 2022.
- ^ Asoodani, Karishma (7 April 2022). "Concor disinvestment may progress this month: Sources". Business Today. Retrieved 7 May 2022.