The government is planning to sell another five percent stake in Container Corporation of India (Concor). At present, the government holds a 61.79 percent stake in the blue chip ‘Navaratna’ company.
Concor, a Railway Ministry subsidiary, operates in the container train operations space. It accounts for almost two-thirds of container cargo handled in the rail sector and has a network of over 60 inland container depots and container freight stations, apart from having a partial stake in container terminal operations at JN Port in a joint venture with APM Terminals.
Container Corporation of India was established in 1988 and works mainly in three verticals -- cargo terminal, terminal operator and warehouse operator.