-3.10 (-0.60%) Container Corporation of India (CONCOR) is going to become a partner in developing the Machilipatnam Port. The CONCOR had proposed Rs 3,000-crore Integrated Logistics Manufacturing Zone in Machilipatnam as a part of the port project.
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.