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Container Corporation of India Ltd. Company History and Annual Growth Details

1988

- The Company was incorporated in March under the Companies Act, 1956,
was constituted as an autonomous Public Sector Undertaking under the
Ministry of Railways with the objective of serving as catalyst for
promoting containerisation and to give a boost to India's International
trade and commerce by organising multi-modal logistics support.

- The Main Object of the Company is to promote containerisation and to
give a boost to Indian International trade and commence by organising
multi-model to logistic support.

- The Company carries on the business of providing Containersied
Transport by organising multi-modal logistics support. It operates
Inland Container Deports (ICDs) which provide single window facility in
co-ordination with Railways, Customs, Sea Ports, Shipping Lines, Road
hauliers, Banks, etc. to deal with transport logistics of imports and
exports. The Company also organises rail/road transport for domestic
containers and provides consultancy in the field of multi-modal
transport.

- The Company extended operations in the field of domestic traffic
also. The potential for growth in both export-import movement and
domestic movement is immense and CONCOR's strategy is aimed at
capturing a sizeable portion of this market.

- With a view to improving quality of service, CONCOR has already
entered into agreement with Railways for schedule running of
export-import trains on guaranteed transit times.

- The Company is market oriented in its approach, offering multimodal
packages to customers and taking steps to ensure speedy and safe
delivery of cargo.

1990

- CONCOR commissioned seven container transfer/handling facilities
during the year. In addition to three ICDs at Ahmedabad, Pune &
Hyderabad, two full fledged Container Freight Stations (CFSs) were
commissioned at Moradabad and Panipat as cargo consolidation and
clearance centres with linkage to the OCD at New Delhi.

- CONCOR has pioneered an important concept of Port Side Container
Terminal (PSCT): the one at Todiarpet commissioned in March 1991, is
situated in the vicinity of Chennai Harbour. A similar terminal was
commissioned at Wadi Bunder in close proximity of Mumbai Port in April
1991.

1991

- CONCOR commissioned the PSCT (Port Side Container Terminal) at
Wadibunder (by the side of Mumbai Port), Domestic Container Terminals
at Shalimar in Calcutta and Soft Coke Siding.

- Tughlakabad at Delhi as well as a CFS at Mullund, which incidentally
is its first joint venture with the Indira Rashtriya Kamgar
Co-operative Society in Mumbai.

- 3,29,913 No. of equity issued to Indian Railways.

1992

- Under MOU signed with the Ministry of Railways, container handling
target has been set at 1,35,000 TEUs against 94,000 TEUs in 1991-92.

- 16,600 No. of equity shares issued, subscribed and paid up by Indian
Railways.

1993

- CONCOR commissioned Inland Containers Depots at Tughalakabad in Delhi
and Whitefield in Bangalore. In addition, first phase of expansion and
upgradation of ICD at Tondiarpet in Chennai was commissioned and
completed.

- 3,03,400 No. of equity shares issued, subscribed and paid up by
Indian Railways.

1994

- During the year a small beginning was made as a Multi modal transport
operator and also as a consultancy organization for multi-modalism.

- The Government of India disinvested 20% of its equity shares of
CONCOR viz. 129,97,200 at a verage weighted price of Rs 76.71 per
share.

1995

- A new CFS was commissioned at New Mulund (Mumbai), and a new export
warehouse at ICD, Sabarmati.

- Approval of World Bank was obtained to increase the quantity of
wagons to be procured in the second Tranche from 750 to 1500.

1996

- Scheduled reefer services between ICD Thughlakabad and Muboni Port
was also introduced. Clearance of ODC consignments by road between ICD
Thughlakabad to the Gateway Port was started during the year.

- Two new ICDs were commissioned one each at Agra on 19.11.1996 at
Nagpur on 7.1.1997. ICD at Nagpur is rail linked with the twin ports
of Mumbai and SNPT and Agra is linked with ports directly by road ICD
Tughlakabad by rail.

1997

- Bonded work 'Contract' a nominated day service linking important
commercial and industrial centres of the country was launched in the
domestic segments in January.

- Two new ICDs were commissioned one at Moradabad on 23rd February 1998
and the other at Malanpur/Gwalior on 25th June 1998. Second bonded
warehouse was commissioned at ICD/Whitefield.

- The Concor has been set up to bridge the gap between rail transport
and road transport for harnessing the gains of containerisation and
attracting non bulk general goods road traffic to rail.

- CCI is the only company in the country which manufactures 230 KV
cables for which it has a technical collaboration with Mitsubishi of
Japan.

- The Cable Corporation of India (CCI), commissioned its new plant at
Nasik on March 27, with a capacity of 10,000 ckm as scheduled.

1998

- Disinvestment commission chairman G.V. Ramakrishna has criticised the
government for mismanaging disinvestment process in public sector
Container Corporation of India (Concor).

- The disinvestment of shares in Container Corporation of India
(Concor) is significant as this is the Government's first domestic
offering in nearly three years.

- Credit rating Information Services of India (Crisil) has downgraded
the 'A+' rating assigned to the Rs. 31.50 crore non- convertible
debenture issue of Cable Corporation of India Ltd (CCIL) to 'A-'.

1999

- The Container Corporation of India (Concor) will shortly launch a
daily service between Chennai port and Whitefield ICD, Bangalore.

1999

- The company has introduced a voluntary retirement scheme (VRS) for
its 700-odd employees at its Borivali unit.

- The non-convertible debenture issue of Cable Corporation of India
worth Rs. 315 crores has been downgraded from 'BB+' to 'C' by Credit
Rating Information Services of India Ltd (Crisil).

2000

- The Company has created a separate domestic division to give a major
boost to the company's growing interest in domestic container movement.

- Container Corporation of India has introduced an express parcel
service vans between Chennai and Delhi with effect from August 1.

- India's largest private sector warehousing company, Continental
Warehousing Corporation has entered into a strategic alliance with
leading public sector undertaking Container Corporation of Inida for
handling domestic cargo.

- The Company appointed Mr. R. C. Dubey and Mr. P. C. Jha as directors.

- Container Corporation of India Ltd. has opened the first hub point in
South India for less than container load cargoes at its Tiruvottiyur
container freight station.

2001

- The Container Corporation of India (Concor) has launched a fixed-day
fixed-time weekly freight service between Shalimar (Howrah) and Mumbai
and Shalimar and Ahmedabad with transhipment at Nagpur

- Container Corporation of India Ltd has paid a dividend of Rs 27.4
crore for 2000-01 to the Indian Railways.

- Container Corporation of India Ltd has informed BSE that the
Government of India, Ministry of Railways, Railway Board has appointed
Shri P.G.Thyagarajan, and Shri Rakesh Mehrotra as Director (IM&O) and
Director (P & S) respectively w.e.f. December 12, 2001.

2002

- Container Corporation of India has informed the Exchange about the new
address of the company: Container Corporation of India Ltd., 2nd floor, Le-Meridien Commercial Tower, Raisina Road, New Delhi-110001.

-Shri.M.C. Srivastava Member Traffic/Railway Board has been appointed
as part time chairman in the place of Shri.R.K.Thoopal.

-Mr.R.K.Narang, Dr.P.S.Sarma and Mr.M.R. Dixit are appointed on the board
of the company as part time Non-official Directors.

-Ministry of Railways has extended the term of Mr.Birkhe Ram beyong June 2002.

2003

-K.K.Agarwal has been appointed as part time chairman of CONCOR.

-Concor, the sole provider of containerised goods transport unveiled
Asia'a biggest inland container depot( ICD) at Dadri.

-Kolkota Port trust has tied up with Concor to provide services to shippers
to transport containes using sea rail-mode between Nepal and
Kolkota Dock Systems(KDS).

-Concor recommences its wagon movement from northern India's largest
container depot at Tuglaquabad in Delhi to Jawahar lal Port Trust in Mumbai.

-Pradeep Bhatnagar appointed as Part-time Govt Director.

-Shri Birkhe Ram, Director (Finance)/ CONCOR has ceased to hold the directorship on account of his superannuation on November 30, 2003.

-Ministry of Railways has communicated the appointment of Pradeep Bhatnagar Railway Board as Part-time Govt Director wef September 22, 2003 vice Shri Prakash, the then Part-time Govt Director.

2004

-Maersk-Concor bags 3rd JNPT terminal project

- Concor inks pact with Transworld to set up CFS at Dadri

-Concor forges alliance with APL for box freight station at Dadri complex

-Concor inks pact with Apeda for movement of perishable goods

2005

-Concor rolls out telescopic tariffs for bonded trucking cargoes

-CONCOR & GDL signs agreement for providing train services to transport EXIM container traffic

-Concor to launch new road based cargo service from Coimbatore

2006

-Concor inks MoU with Baxi Group

-Corporation of India (Concor) has tied up with Japanese shipping giant NYK and is working on a detailed business plan for the end-to-end auto transportation solutions project.

-Concor to begin barge service between KDS, Narayangunge port


2008

-The Company has issued Bonus Shares in the Ratio of 1:1.

2009

- Container Corporation of India Ltd (CONCOR) has informed that pursuant to the Government approval, Shri Anil K. Gupta, Director (Domestic Division) has taken over the regular charge of the post of Managing Director / CONCOR w.e.f. December 30, 2009.

 
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