Container Corporation of India

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Container Corporation of India Limited
TypeSubsidiary of Indian Railways
Traded as
NSE: CONCOR
BSE: 531344
IndustryTransport
FoundedMarch 1988
Headquarters
New Delhi
,
India
Key people
V. Kalyana Rama
(Chairman & Managing Director)
ProductsTerminals
Intermodal
RevenueDecrease₹6,473.79 crore (US$910 million) (2020)[1]
Decrease₹523.96 crore (US$73 million) (2020)[1]
Net income
Decrease₹375.78 crore (US$53 million) (2020)[1]
Total assetsDecrease₹11,566.78 crore (US$1.6 billion) (2020)[2]
Total equityDecrease₹10,064.74 crore (US$1.4 billion) (2020)[2]
OwnerIndian Railways , Ministry of Railways , Government of India
Number of employees
1,464 (March 2019) [2]
Subsidiaries
Websiteconcorindia.co.in

Container Corporation of India Limited (CONCOR) is under the ownership of Indian Railways , Ministry of Railways , Government of India. 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[]

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 Bengaluru, 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.[4][5]

Core Business[]

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

References[]

  1. ^ Jump up to: a b c "Financial Results 31.03.2020 Data from BSE Site".
  2. ^ Jump up to: a b c "Balance Sheet 31.03.2020".
  3. ^ Mazumdar, Rakhi (14 December 2017). "CONCOR may launch a container train service between India & Bangladesh". The Economic Times. Retrieved 29 December 2017.
  4. ^ "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.
  5. ^ "Concor inks pact with BMCT for dedicated container trains - Times of India". The Times of India. Retrieved 29 December 2017.

External links[]

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