Concor banking on internal accruals for Rs 6k-cr capex plans in 5 years

Concor has been a market leader in multi modal transport in India with nearly 75 per cent market share catering to export-import and domestic container movement

Container Corporation of India (Concor) is banking on internal accrual to fund a capital expenditure plan of Rs 6,000 crore over five years. 

The moneu is meant to set up distribution logistics centres (DLCs) for the e-commerce sector, both agricultural and industrial products. A government-owned entity under the ministry of railways, Concor leads the market in multi-modal transport, with nearly 75 per cent of the market in export-import and domestic container movement. Its first DLC was recently inaugurated at Ennore, Chennai, and the company has identified 20 nodes for opening more of these, totalling 50 million sq ft, in the next