Container Corporation Of India Ltd.

BSE: 531344 | NSE: CONCOR
Mid Cap | Logistics
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CONCOR partners with IGL to propel sustainable transportation

Date: 21-11-2023

Container Corporation of India (CONCOR) and Indraprastha Gas (IGL) have signed a Memorandum of Understanding (MoU) to explore the possibility of setting up LNG/LCNG infrastructure within the premise of CONCOR terminals. 

This strategic partnership aims to revolutionize the logistics sector replacing diesel with natural gas. The MoU signifies the commitment of both CONCOR and IGL to reduce carbon emissions and promote a cleaner, greener future for the transportation industry. LNG trucks emit significantly lower levels of greenhouse gas emissions compared to conventional diesel trucks, contributing to a cleaner environment and aligning with global sustainability goals. 

CONCOR's core business is characterised by three distinct activities, that of a carrier, a terminal operator, and a warehouse operator.