CONCOR Signs MoU with Vizhinjam International Seaport Ltd to explore Strategic Logistics Collaboration

Container Corporation of India Ltd. (CONCOR) and Vizhinjam International Seaport Ltd. (VISL), a Government of Kerala undertaking, have signed a non-binding and non-exclusive Memorandum of Understanding (MoU) on 23 February 2026 at Thiruvananthapuram for the development of a Container Freight Station (CFS) in the vicinity of Vizhinjam International Seaport, Thiruvananthapuram, Kerala.

Under the said MoU, the land for development of above mentioned CFS will be provided by VISL on mutually agreed terms and both organisations intend to jointly work on developing the said CFS which is expected to have facilities such as Customs-bonded area, warehouse, Container handling and storage yards, Import-export cargo handling facilities, Weighbridges and other such related facilities for seamless end-to-end services to the customers.

Subsequent to the signing of this MoU, both the parties shall enter into an agreement to frame detailed terms and conditions of mutual collaboration.

The collaboration reflects the shared vision of strengthening multimodal logistics capabilities and improving cargo handling efficiencies at Vizhinjam International Seaport, a key upcoming deep-water transshipment hub envisioned as a gateway for global maritime trade. The partnership is expected to support the development of an integrated logistics ecosystem contributing to regional and national economic growth.

This strategic collaboration further reinforces CONCOR's commitment to providing seamless, rail-led multimodal logistics solutions and expanding logistics infrastructure in line with the evolving needs of India's EXIM trade.

Shares of Container Corporation of India Limited was last trading in BSE at Rs. 507.10 as compared to the previous close of Rs. 502.90. The total number of shares traded during the day was 1111812 in over 2862 trades.

The stock hit an intraday high of Rs. 512.00 and intraday low of 503.75. The net turnover during the day was Rs. 566932713.00.

Source : Equity Bulls

Keywords

ContainerCorporationofIndia INE111A01025 CONCOR VizhinjamInternationalSeaport MoU CFS