CONCOR collaborates with PSA MESA to offer end-to-end logistics solutions, enhancing efficiency and sustainability.
Container Corporation of India (CONCOR) has entered into a strategic partnership with PSA MESA Supply Chain (PSA MESA), a subsidiary of global port operator PSA International. The collaboration, inked on April 18, 2024, aims to deliver seamless and cost-effective logistics solutions by combining CONCOR’s extensive pan-India network of over 60 terminals with PSA MESA’s expertise in integrated supply chain management.
This partnership seeks to streamline operations, improve ease of doing business, and foster the development of more sustainable and resilient supply chains in line with India’s national logistics transformation goals. CONCOR, established in March 1988 under the Companies Act, has emerged as a market leader with its widespread network and diverse services encompassing inland transport, port management, air cargo complexes, and cold-chain logistics.
In trading updates, shares of Container Corporation of India witnessed a 1.07 percent decline, reaching ₹914.65 per share, with an intraday high of ₹928 and a low of ₹898.85. As of March 2024, the President of India holds a 54.80 percent stake in the company, while the Life Insurance Corporation of India (LIC) owns 5.84 percent. With a market cap exceeding Rs 55,000 crore and a robust dividend payout of 56.4 percent, the stock has surged by 55 percent from its 52-week low of ₹599.90 per share, making it a noteworthy Mid-Cap stock for investors to monitor.
