CONCOR to surrender 15 terminals to Indian Railways

Container Corporation of India (CONCOR) has informed the bourses about the reorganisation of its number of terminals by surrendering certain terminals built on the land taken on lease from Indian Railways.

This step has been taken due to commercial and business viability considerations. The company has surrendered its 15 terminals, generating a total turnover of Rs 277.50 crore and net worth of Rs 64.84 crore.

Container Corporation of India Limited is a company engaged in the transportation and handling of containers, which include both rail and road. The company is also engaged in the operation of logistics facilities, including dry ports, container freight stations and private freight terminals. Its divisions are EXIM and domestic that is engaged in handling, transportation and warehousing activities. Its international services include train services, road services and air cargo movements, refer services as well as block booking on a round trip basis. On the other hand, its domestic services include train services, volume discount scheme, door delivery and terminal handling charges.

In today’s trading session, the stock of Container Corporation of India opened at Rs 350.90 and jumped by five per cent and made an intraday high of Rs 367.50 on BSE.