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Container Corporation Of India (CONCOR) is engaged in the business of providing inland transportation of containers by rail. It also covers the Management of Ports, Air cargo complexes and establishes cold chains.
ICICI Prudential Mutual Fund increased its CONCOR stake to 5.24% by acquiring 44.06 lakh shares via open market. Its total holding is now 3.99 Cr shares. The fund states this is for investment purposes, not to seek control.
CONCOR partnered with Vizhinjam International Seaport Ltd (VISL) to develop a Container Freight Station. This collaboration aims to bolster multimodal logistics, boost cargo handling efficiency at the Vizhinjam deep-water port, and strengthen India's EXIM trade infrastructure.
CONCOR, SCI, JNPA, VOCPA, CPA, and SMFCL signed an MoU to form Bharat Container Shipping Line (BCSL). This JV will provide end-to-end EXIM and coastal logistics. CONCOR and SCI own 30% each, JNPA 10%, VOCPA/CPA 5% each, and SMFCL 20%.
CONCOR's financial results for the quarter ended June 30, 2025, show revenue increasing to ₹2,153.63 Cr and consolidated profit growing to ₹267.28 Cr. The Board declared an interim dividend of ₹1.60 per share, totaling ₹121.86 Cr. The company allotted 1:4 bonus shares, leading to recomputed EPS. Operational updates include re-assessing...
Container Corporation of India (CONCOR) secured a favorable ruling as the Income Tax Appellate Tribunal dismissed an application by the Income Tax Department. This pertains to a tax claim of ₹ 96.59 Crore from Assessment Year 2008-09 regarding a deduction disallowance. This decision reinforces prior rulings in CONCOR's favor. The...