Headquarters India | Founded 1988 | |
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Stock price CONCOR (NSE) ₹ 1,230.35 +2.55 (+0.21%)3 Mar, 3:30 PM IST - Disclaimer Subsidiaries Punjab Logistics Infrastructure Limited Profiles | ||
Mr v kalyanarama at south central region container corporation of india ltd
Container Corporation of India Ltd. (CONCOR),is a Navratna Public sector undertaking under the Indian Ministry of Railways. Incorporated in March 1988 under the Companies Act, CONCOR commenced operations in November 1989 taking over an existing network of seven inland container depots (ICDs) from Indian Railways. It now has a network of 63 ICDs/CFSs (Container Freight Stations) throughout India.
Contents
History
Indian Railway's strategic initiative to containerise cargo transport put India on the intermodal freight transport map for the first time in 1966. Given India's size (almost 3,000 kilometres (1,900 mi) from North to South and East to West), rail transport is often a cheaper option for all cargo over medium and long distances, especially if the cost of inter-modal transfers can be reduced. Seeing that containerised multi-modal door-to-door transport provided a solution to this problem, in 1966 Indian Railways entered the market for moving door-to-door domestic cargo in special DSO containers.
Although the first ISO container in India had been handled in Kochi as early as 1973, it was not until 1981 that the first ISO container was moved inland by Indian Railways to the country's first ICD at Bangalore, also managed by the Indian Railways.
Expansion of the network to seven ICDs by 1988 saw an increase in container handling capacity, while along the way a strong view emerged that there was a need to set up a separate pro-active organisation to promote and manage the growth of containerisation in India.
Core Business
CONCOR operates three core businesses: cargo carrier; terminal operator, and warehouse operator.