CONCOR gains on inking pact with UltraTech Cement
Container Corporation Of India is currently trading at Rs. 536.55, up by 4.25 points or 0.80% from its previous closing of Rs. 532.30 on the BSE.
The scrip opened at Rs. 533.25 and has touched a high and low of Rs. 540.00 and Rs. 533.25 respectively. So far 128 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 726.44 on 10-Oct-2024 and a 52 week low of Rs. 481.32 on 03-Mar-2025.
Last one week high and low of the scrip stood at Rs. 540.00 and Rs. 525.55 respectively. The current market cap of the company is Rs. 40540.92 crore.
The promoters holding in the company stood at 54.80%, while Institutions and Non-Institutions held 38.93% and 6.27% respectively.
Container Corporation of India (CONCOR) has entered into a strategic agreement with M/s UltraTech Cement, India’s largest cement manufacturer, to transport bulk cement using specialized tank containers. This collaboration is a major step forward in promoting rail-based cargo movement and supporting India's vision of sustainable logistics. Under this collaboration, CONCOR will provide dedicated rakes for the transportation of bulk cement across identified rail corridors. This initiative marks a significant milestone in redefining bulk cement logistics in India.
This first-of-its-kind large-scale initiative in the country is designed to promote a modal shift from road to rail, offering a more sustainable, efficient, and reliable alternative for cement transportation. By leveraging Indian Railways' extensive network and CONCOR’s proven capabilities in logistics and multimodal transportation, this partnership is expected to streamline cement supply chains, reduce road congestion, lower transportation costs, and significantly cut down carbon emissions.
This partnership is expected to set new benchmarks in bulk logistics and open avenues for scalable, green logistics solutions in other sectors as well.
Container Corporation of India, was incorporated in March 1988. The company’s core business is characterised by three distinct activities, that of a carrier, a terminal operator, and a warehouse operator.
