Container Corporation of India

Container Corporation of India Ltd.
Public
Traded as NSE: CONCOR
BSE: 531344
BSE SENSEX Constituent
CNX Nifty Constituent
Industry A Multi-Modal Logistics Company Containerise Cargo Transport
Founded

March1988,Incorporated

November 1989,Operational
Headquarters New Delhi, India
Key people
 Sh.V. Kalyana Rama
(Chairman & Managing Director)
Owner Government of India under Ministry of Railways (India)
Number of employees
 1473 as on 31.03.2018
Parent Ministry of Railways (India)
Subsidiaries
CONCOR Air Ltd.(CAL),wholly owned subsidiary
Fresh and Healty Entreprises Limited.(FHEL),wholly owned subsidiary
SIDCUL CONCOR Infra Company Ltd. (SCICL),(JVC) of (CONCOR) and State Infrastructure & Industrial Development Corporation of Uttarakhand Ltd. (SIIDCUL)
Punjab Logistics Infrastructure Limited (PLIL),(JVC) of CONCOR and Punjab State Container and Warehousing Corporation Limited (CONWARE)
Website www.concorindia.com Edit this on Wikidata

Container Corporation of India Ltd. (CONCOR),is a Navratna Public Sector Undertaking under the Indian Ministry of Railways. 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.[1]

History

Indian Railway's 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 ISO container in India had been handled in Kochi as early as 1973, it was not until 1981 that the first ISO container was moved inland by Indian Railways to the country's first ICD at Bangalore, also managed by the Indian Railways.

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.[2][3]

Core Business

CONCOR operates three core businesses: cargo carrier; terminal operator,warehouse operator & MMLP operation.

References

  1. ↑ Mazumdar, Rakhi (2017-12-14). "CONCOR may launch a container train service between India & Bangladesh". The Economic Times. Retrieved 2017-12-29.
  2. ↑ "Container Corporation of India stock rating is Hold; ICICI Securities says US experience offers lessons". The Financial Express. 2017-12-11. Retrieved 2017-12-29.
  3. ↑ "Concor inks pact with BMCT for dedicated container trains - Times of India". The Times of India. Retrieved 2017-12-29.
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