Top Qs
Timeline
Chat
Perspective

Container Corporation of India

Indian container transport company From Wikipedia, the free encyclopedia

Container Corporation of India
Remove ads

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.[3]

Quick facts Company type, Traded as ...
Remove ads

History

CONCOR is one of the Indian Public Sector Undertakings that is currently under consideration for privatisation.[4] 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.[4] 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.[5]

Remove ads

Operations

CONCOR has multiple operations: cargo carrier; terminal, warehouse & MMLP operation.[6][7][8]

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.[9]

References

Loading related searches...

Wikiwand - on

Seamless Wikipedia browsing. On steroids.

Remove ads