Container Corporation Of India Ltd.

Container Corporation of India (Concor) is currently trading at Rs. 1400.00, up by 5.60 points or 0.40% from its previous closing of Rs. 1394.40 on the BSE.

The scrip opened at Rs. 1397.05 and has touched a high and low of Rs. 1400.75 and Rs. 1393.95 respectively. So far 928 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1570.60 on 12-Oct-2015 and a 52 week low of Rs. 1050.85 on 12-Feb-2016.

Last one week high and low of the scrip stood at Rs. 1421.20 and Rs. 1365.00 respectively. The current market cap of the company is Rs. 27237.89 crore.

The promoters holding in the company stood at 56.79%, while institutions and non-institutions held 40.03% and 3.17% respectively.

Concor has reportedly formed a consortium with APM Terminals B.V., John Keells Holdings and Maersk Line in order to bid for the development of East Container Terminal in Colombo. The total project value is likely to be about $550-600 million. The Colombo Port currently has four container terminals.

In 2008, a new harbour basin, the Colombo South Harbour was developed to accommodate deep draft vessels and the Sri Lanka Ports Authority (SLPA) decided to develop four new terminals, each with a capacity of 2.4 million TEU’s (twenty-foot container equivalent unit - a measure used in container shipping) to cater to increasing demand.

Container Corporation of India works mainly in three verticals -- cargo terminal, terminal operator and warehouse operator.