Introduction of ‘Dwarf’ double-stack containers has opened up opportunities.
In April 2017, bonus shares of CONCOR (Container Corporation of India) were issued in the ratio of 1:4. Again, in June this year, its Rs 10 share was subdivided into two of Rs 5 each. Yet the share, which was quoted at Rs 1,300 a couple of months ago and is now quoting at Rs 670, is a measure of its continued success. With a very large footprint of 79 terminals and extensive coverage provided by the Indian Railways’ 65,000-km of network, it strides like a colossus on India’s container business map.
The creation of six more terminals at Mihan (Nagpur), Naya Raipur, New Mangalore Port, Balli (South Goa), Varnama (Vadodara) and Paradip Port is in the works, and in a few years it may indeed hit a century.
A Miniratna company, CONCOR transported 3 million TEUs (Twenty Foot Equivalent Units) in exim and 0.53 million TEU domestic containers last year, and is the largest CTO (Container Train Operator), with 17 others in the private sector not coming anywhere close. Of its 79 terminals, 14 exclusively deal with exim cargo, and ICD (Inland Container Depot) at Dadri in UP alone running 10 such timetabled express trains everyday. With a capability of running double-stack ISO containers on the non-electrified section of Rewari-Phulera-Palanpur-Pipavav port in Gujarat, as many as 200 such trains are run every month, providing economies of scale.
Read more on Financial Express.
