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Container Corporation Of India Ltd.

BSE: 531344 Sector: Others
NSE: CONCOR ISIN Code: INE111A01017
BSE LIVE 09:59 | 09 Dec 1121.00 11.95
(1.08%)
OPEN

1119.00

HIGH

1125.00

LOW

1111.90

NSE LIVE 09:59 | 09 Dec 1118.65 8.25
(0.74%)
OPEN

1120.95

HIGH

1124.00

LOW

1111.30

OPEN 1119.00
PREVIOUS CLOSE 1109.05
VOLUME 1390
52-Week high 1544.00
52-Week low 1050.85
P/E 31.98
Mkt Cap.(Rs cr) 21856.14
Buy Price 1121.00
Buy Qty 1.00
Sell Price 1121.85
Sell Qty 9.00
OPEN 1119.00
CLOSE 1109.05
VOLUME 1390
52-Week high 1544.00
52-Week low 1050.85
P/E 31.98
Mkt Cap.(Rs cr) 21856.14
Buy Price 1121.00
Buy Qty 1.00
Sell Price 1121.85
Sell Qty 9.00

Container Corporation Of India Ltd. (CONCOR) - Company History

Container Corporation of India Limited (CONCOR) was set up in March of the year 1988 and commenced operation from November of the year 1989 taking over the existing network of 7 Inland Container Depots (ICDs) from the Indian Railways to profitably satisfy the customer's needs for high- quality, cost-effective logistics services. From its humble beginning, it is now an undisputed market leader having the largest network of 57 ICDs/CFSs in India offering scheduled and on demand rapid rail and road services between the hinderland and ports, and between major metros. In addition to providing inland transport by rail for containers, it has also expanded to cover management of Ports, air cargo complexes and establishing cold-chain. It has and will continue to play the role of promoting containerization of India by virtue of its modern rail wagon fleet, customer friendly commercial practices and extensively used Information Technology. The company developed multimodal logistics support for India's International and Domestic containerization and trade. CONCOR's core business is characterised by three distinct activities, that of a carrier, a terminal operator, and a warehouse operator. CONCOR had been certified to ISO/IEC 27001: 2005 standard for establishing and maintaining Information Security Management System (ISMS) for its IT functionality. CONCOR had commissioned seven container transfer/handling facilities during the year 1990. In addition to three ICDs at Ahmedabad, Pune & Hyderabad, two full-fledged Container Freight Stations (CFSs) were commissioned at Moradabad and Panipat as cargo consolidation and clearance centres with linkage to the OCD at New Delhi. The Company had commissioned Port Side Container Terminal (PSCT) at Todiarpet in March of the year 1991, situated in the vicinity of Chennai Harbor. A similar terminal was commissioned at Wadi Bunder in close proximity of Mumbai Port in April of the year 1991. In 1992-93, the company achieved the first ever movement of refrigerated cargo containers by rail. CONCOR had introduced this service to give a boost to export frozen and chilled products. CONCOR commissioned Inland Containers Depots at Tughalakabad in Delhi and Whitefield in Bangalore during the year 1993. In addition, the first phase of expansion and upgradation of ICD a Tondiarpet in Chennai was commissioned and completed during the same period. During the year 1994, the company made a small footstep as a Multi modal transport operator and also as a consultancy organization for multi-modalism. The Government of India disinvested 20% of its equity shares in the company. A new CFS was commissioned in 1995 at New Mulund (Mumbai) and a new export warehouse of the company also started at ICD, Sabarmati. In the same year CONCOR obtained approval from World Bank to increase the quantity of wagons to be procured in the second Tranche from 750 to 1500. Scheduled reefer services between ICD Thughlakabad during the year 1996 and also in the same period the Muboni Port was introduced. The new ICDs were commissioned at Agra in November of the year 1996, linked with ports directly by road ICD Tughlakabad by rail and another ICDs were commissioned at Nagpur in January of the year1997, a rail linked with the twin ports of Mumbai and SNPT. In January of the year 1997, the 'CONTRACK' services were launched by the company offering movement of piecemeal domestic cargo in containers through specialized, scheduled and reliable container-rail services. Two new ICDs of the company were commissioned, one at Moradabad in February of the year 1998 and the other at Malanpur/Gwalior in June of the year 1998. Second bonded warehouse was commissioned at ICD/Whitefield. The Company had launched a daily service between Chennai port and Whitefield ICD, Bangalore in the year 1999. During the year 2000, CONCOR had fashioned a separate domestic division to give a major heighten to the company's growing interest in domestic container movement. The Company had introduced an express parcel service vans between Chennai and Delhi. Private sector warehousing company, Continental Warehousing Corporation had entered into a strategic alliance with CONCOR in the identical year 2000 for handling domestic cargo. The Company had launched a fixed-day fixed-time weekly freight service between Shalimar (Howrah)& Mumbai and Shalimar & Ahmedabad with transshipment at Nagpur during the year 2001. CONCOR had introduced Asia's biggest ICD at Dadri in the year 2003. In the same year the company made a tie up with Kolkata Port Trust to provide services to shippers to transport containers using sea rail-mode between Nepal and Kolkata Dock Systems (KDS). During the year 2004, CONCOR inked pact with Transworld to set up CFS at Dadri, forged alliance with APL for box freight station at Dadri complex and also inked pact with APEDA for movement of perishable goods. A joint venture for Management and operations of Rail Container Terminal in Birgunj (Nepal) was also finalized in form of M/s Himalayan Terminals and its was commissioned during July of the year 2004. During the year 2004-05, the company had commissioned four Rubber Tyred Gantry Cranes (RTG's), two at ICD/Dadri and other two at ICD/ Dandharikalan (Ludhiana). Gateway Terminal India (Pvt) Ltd, a joint venture company of Maersk and the company formed an arm for the construction of 3rd container terminal at JN Port, it was commenced construction work during the year 2005-06. CONCOR & GDL had collectively signed agreement during the year 2005 for providing train services to transport EXIM container traffic. The Company had inked a MoU with Baxi Group in the year 2006. During October of the year 2007, CONCOR develop an inland container depot (ICD) at Baddi in Himachal Pradesh to facilitate the exporters of the Baddi-Barotiwala-Nalagarh region. It will help industrialists of the region in saving the freight charges. The Company has diversified into back-end retail in January of the year 2008 and is in close final negotiation with Bharti-Wal-Mart to procure and supply fruit to the retailer. CONCOR will add eight new rail-linked inland container depots (ICDs) with an investment of Rs 3.2 billion by the end of next fiscal. The Company will have 65 depots, up from 57 at present. The new depots were announced at Railway Budget 2008. The Company is expanding the presence of the company in all the segments of the transport value chain in the Exim as well as Domestic segment. Possibilities are to be explored for strategic alliances, both for optimal utilization of infrastructure as well as expansion into other segments of the value chain.

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