Concor incorporates wholly-owned subsidiary
State-owned Container Corporation of India (Concor) on Monday said it has incorporated a wholly-owned arm Last Mile Logistics.
The arm will handle freight terminals and logistic requirements.
"CONCOR has incorporated on January 06, 2020, a wholly owned subsidiary company with the name CONCOR Last Mile Logistics Limited," the company said in a BSE filing.
It said the authorised share capital of the company is Rs 100 crore.
"The objects of the above Company are inter-alia to develop goods sheds, operate and manage freight terminals/ goods sheds, develop warehouses, provide first mile- last mile connectivity and other services related thereto," the filing said.
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