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Container Corporation of India

Indian container transport company

Summary

Indian container transport company

Field	Value
name	Container Corporation of India Limited
logo	Container_Corporation_of_India_logo.svg
logo_size	120px
type	Public
traded_as
industry	Transport
predecessor
successor
founded
founder
defunct
hq_location_city	New Delhi
hq_location_country	India
area_served
key_people	Sh. Sanjay Swarup
(Chairman & Managing Director)
products	Terminals
Intermodal
owner	Government of India
revenue	(2024)
operating_income	(2024)
net_income	(2024)
assets	(2024)
equity	(2024)
num_employees	1,400 (March 2021)
subsid	*CONCOR Air Limited
website

(Chairman & Managing Director) Intermodal

Fresh and Healthy Enterprise Limited
Punjab Logistics Infrastructure Limited
SIDCUL CONCOR Infra Company Limited

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.

History

CONCOR is one of the Indian Public Sector Undertakings that is currently under consideration for privatisation. 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. 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.

Operations

CONCOR has multiple operations: cargo carrier; terminal, warehouse & MMLP operation.

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.

References

[https://www.moneycontrol.com/financials/containercorporationofindia/consolidated-profit-lossVI/CCI#CCI"Financial Results Data from Moneycontrol Site"].
"Concor Balance Sheet".
Mazumdar, Rakhi. (2017-12-14). "CONCOR may launch a container train service between India & Bangladesh". The Economic Times.
PTI. (12 October 2021). "Concor strategic sale not happening this fiscal: DIPAM Secy". The Economic Times.
Asoodani, Karishma. (7 April 2022). "Concor disinvestment may progress this month: Sources".
(20 January 2011). "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.
(2024-05-15). "Is CONCOR the next big infrastructure bet?".
(2024-04-13). "CONCOR to set up CFS at Kathuwas MMLP in partnership with private firms".
Sharma, Aman. (19 November 2024). "In A First, India Set To Foray Into Global Container Shipping Business {{!}} Exclusive".

Wikipedia Source

This article was imported from Wikipedia and is available under the Creative Commons Attribution-ShareAlike 4.0 License. Content has been adapted to SurfDoc format. Original contributors can be found on the article history page.

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