Concor earns Rs 53cr revenues in FY06

Container Corporation of India Limited (Concor) garnered revenues of Rs 53 crore from its Vizag operations in 2005-06, as compared to Rs 28 crore in the previous year, reflecting a growth of 89 per cent.

According to sources from the Concor Vizag office, the corporation handled more high-paying commodities in 2005-06, which resulted in a significant increase in revenues.

"Domestic traffic contributed Rs 44.65 crore to Concor's total revenues as compared to Rs 19.38 crore in 2004-05, registering a growth of about 130 per cent," sources said, adding that the corporation was expecting close to Rs 75-crore revenues from its Vizag operations, including revenues from the container freight station (CFS) operations.

Concor transported 21,510 containers (both domestic and exim cargo containers) from the Vizag port in 2005-06, as compared to 23,652 containers in the preceding year, recording a growth of 57 per cent.

It has recently completed the construction of the Rs 10-crore CFS near the Vizag port. During 2006-07, it is aiming to handle around 5,000 container boxes and garner Rs 3 crore revenues from the CSF operations.

This apart, Concor is planning to introduce regular container train services to major cities to earn more revenues.

Concor currently operates regular container rail services on full-load to Thuglakabad from Visakhapatnam. It offers container train services to other parts of the country, on demand.

"We plan to launch regular container train services from Vizag to Mumbai, Ahmedabad and Kolkata this year," sources said.