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CONCOR commences coastal operations

Posted On: 2019-01-11 08:50:34

As a part of overall strategy of expansion and entry into new areas of business to complement CONCOR's position as a Multimodal Logistics service provider, CONCOR has commenced coastal operations from 10.01.2019.

The maiden voyage from Kandla Port to Tuticorin Port (via Mangalore & Cochin Port) was flagged off by Shri Nitin Gadkari, Hon'ble Minister of Road Transport & Highways, Shipping, Water Resources, River Development & Ganga Rejuvenation and presided over by Shri Piyush Goyal, Hon'ble Minister of Railways and Coal at 14:00 Hrs on 10.01.2019 through Video link from Transport Bhawan, New Delhi.

Briefly, the arrangement envisages deployment of two dedicated vessels, each capable of carrying minimum of 700 loaded containers (TEUs). CONCOR, in addition to first mile and last mile connectivity, will arrange port handling and coastal transportation of loaded/empty containers and bulk/break-bulk cargo between Kandla port to Tuticorin port via Mangalore port & Cochin port. This will provide seamless solution to customers from Origin to Destination. There will be weekly services from Kandla port to Tuticorin port via Mangalore port & Cochin port.

Shares of CONTAINER CORPORATION OF INDIA LTD. was last trading in BSE at Rs.690 as compared to the previous close of Rs. 682.5. The total number of shares traded during the day was 36819 in over 859 trades.

The stock hit an intraday high of Rs. 692.9 and intraday low of 681.15. The net turnover during the day was Rs. 25359948.


Source: Equity Bulls

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