CONCOR signed MOU with CCBL, the Container Company of Bangladesh Ltd

Container Corporation of India Ltd (CONCOR), under the leadership of its CMD, Sri Sanjay Swarup signed an important addendum to the existing Memorandum of Understanding (MoU) on 13.02.2024 with Container Company of Bangladesh Ltd (CCBL), Bangladesh. Dr Md Humayun Kabir, Secretary, Ministry of Railways, Bangladesh signed the addendum to the MoU representing CCBL and Bangladesh Railway. The addendum thus signed enabled extension of the existing agreement till 7th April, 2027.

The said MoU was earlier executed between CONCOR, India and CCBL, Bangladesh in the year 2017 for developing modalities for running containers trains between India and Bangladesh to facilitate the cross-border trade besides developing various infrastructure, logistics business and projects-related services.

CONCOR, a Navratna CPSU under the Ministry of Railways, Govt of India, has been since then executing movements of container trains between India and Bangladesh through Petrapole-Benapole, and other border routes on regular basis. It has helped the trade community of both the countries immensely, who have been involved in international business. CONCOR has also extended many projects related services for developing Inland Container Depots at Sirajganj, Ishurdih and other locations in Bangladesh. Besides this, CONCOR, aligned with the extant guidelines of the Indian Railways, Ministry of External Affairs, and Ministry of Commerce (Customs), has regularly been active in overall development of Railway and logistics-related infrastructure and trade in Bangladesh.

Signing of the addendum to the MoU in vogue, which extended its validity for further period till 7th April, 2027, has further strengthened the ongoing international containerised trade systems and understandings between both the neighbouring countries.

Shares of Container Corporation of India Limited was last trading in BSE at Rs. 939.90 as compared to the previous close of Rs. 926.65. The total number of shares traded during the day was 44908 in over 1891 trades.

The stock hit an intraday high of Rs. 942.05 and intraday low of 913.60. The net turnover during the day was Rs. 41801635.00.

Source : Equity Bulls

Keywords

ContainerCorporationofIndia INE111A01025 CONCOR MOU ContainerCompanyofBangladesh