Container Corporation of India Limited - On The Right Track

Even though its operations currently see a reduced demand on account of the outbreak of COVID-19, certain new initiatives planned by Container Corporation of India Limited for its import-export and domestic operations will add fuel to its growth plans.

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Container Corporation of India Limited (CONCOR) is a holding company engaged in the transportation of containers (rail and road) as well as handling of containers. The company also undertakes operation of logistics facilities, including dry ports, container freight stations and private freight terminals. Its primary business divisions include EXIM and domestic. Both EXIM and domestic divisions of the company are involved in handling, transportation and warehousing activities. CONCOR’s international services include train services, road services, air cargo movements, reefer services and block booking on round trip basis.

Its domestic services consist of train services, volume discount scheme, door delivery or pick-ups and terminal handling charges. The company’s e-filing software is a web-based application for EXIM locations being operational at terminal/inland container depot of CONCOR. Through this software, any importer/exporter/shipping agent can file his documents including billing and take printouts. CONCOR is India’s largest container train operator with a market share of around 67 per cent.

Industry Overview

Indian Railways witnessed a growth of 5.31 per cent in originating cargo from 1,161.66 million tonnes in FY18 to 1,223.29 million tonnes in FY19 along with an increase of 11.10 per cent in originating containerized cargo by rail to 60.34 million tonnes in FY19 from 54.31 million tonnes in FY18. The largest container handling port in the country, JNPT recorded a growth of 6.21 per cent from 4.83 million TEU in FY18 to 5.13 million TEU in FY19.