CONCOR plans fresh capex cycle for rapid expansion

Domestic logistics giant Container Corporation of India (CONCOR) which has a dominating presence in the rail container segment will be spending upto Rs 8000 crore in the next five years to expand its infrastructure base. “We are coming up with 20 distribution logistics centres and 100 dry ports. We are already operating 83 (dry ports) and we will make it 100. The 20 distribution logistics centres will be connected to 100 (dry ports). Total investment in the next five years will be Rs 6,000-Rs 8,000 crore,” CONCOR Chairman and Managing Director V Kalyana Rama has been quoted as saying in a news report.

 

Out of the proposed capex cycle, CONCOR will be spending Rs 1,000 crore during the present fiscal. The company has recently inaugurated its first logistics centre at Ennore, Chennai. In 2018-19 fiscal, it has reported a volume jump of eight per cent while its revenue grew close to 12 percent.

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