Container Corporation of India

Malcolm McLean's idea of containerization changed the basics of cargo transport by standardizing the dimensions of the container and simultaneously improving the productivity of ports by mechanizing handling of container-carrying 'cellular' ships and reducing their handling to a few hours only. Unitisation helped elimination of multiple handling of cargo and made transfers quick, cheap and easy. As containerization came to stand for 'cargo care', it grew by leaps and bounds the world over. 

CONCOR is a public sector enterprise under the Government of India and was the sole container freight subsidiary of Indian Railways, however divestment is in progress.  Now the government has allowed private operators to run containers trains across India.  Currently CONCOR is India’s largest railway container freight operator.  In addition to providing inland transport by rail for containers, it has also expanded to cover management of Ports, air cargo complexes and establishing cold-chain.

From its humble beginning, CONCOR is now an undisputed market leader having the largest network of 63 ICDs/CFSs in India (59 terminals and 4 strategic tie-ups).  It has and will continue to play the role of promoting containerization in India by virtue of its modern rail wagon fleet, customer friendly commercial practices and extensively used Information Technology. The company developed multimodal logistics support for India's International and Domestic containerization and trade. Though rail is the main stay of our transportation plan, road services and also provided to cater to the need of door-to-door services, whether in the International or Domestic business.

Numerous private container train operators (besides CONCOR) have entered in the segment and have signed longterm Concession Agreements with Indian Railways for running of container trains. Further, various private Inland Container Depots (ICDs) have become operational during past couple of years, which has also resulted in increased competition for the company

The company is having dominant position in container railroad business, wide network of terminals spread across the country, its established client base, comfortable liquidity and strong capital structure with zero fund based borrowing as on March 31, 2020.  Post divestment the efficiency might increase further on private hands and seems to be having good potential in the longer run.


NSE:CONCOR; BSE:531344

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