Container Corporation Of India Ltd.

BSE: 531344 | NSE: CONCOR
Mid Cap | Logistics
519.75
0.20 (0.04%)
< Home < Back

CONCOR commences coastal operations

Date: 11-01-2019

Container Corporation of India (CONCOR) has commenced coastal operations from January 10, 2019. This is a part of overall strategy of expansion and entry into new areas of business to complement the company's position as a Multimodal Logistics service provider.

The arrangement envisages deployment of two dedicated vessels, each capable of carrying minimum of 700 loaded containers (TEUs). The company, in addition to first mile and last mile connectivity, will arrange port handling and coastal transportation of loaded/empty containers and bulk/break-bulk cargo between Kandla port to Tuticorin port via Mangalore port & Cochin port. This will provide seamless solution to customers from Origin to Destination. There will be weekly services from Kandla port to Tuticorin port via Mangalore port & Cochin port.

CONCOR is a Public Sector Undertaking, under Ministry of Indian Railways which was incorporated in March 1988 under the Companies Act, and commenced operation from November 1989 taking over the existing network of 7 ICDs from the Indian Railways.