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Hot Pursuit News

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(05 Jun 2024, 12:21)

CONCOR gains on inking MoU with Shipping Corp

Container Corporation of India (CONCOR) rose 2.60% to Rs 973 after the company said that it has signed a memorandum of understanding (MoU) with Shipping Corporation of India (SCI) to provide seamless end to end logistics solution.

CONCOR and SCI have collaborated to provide integrated logistics solutions to customers and to explore the potential areas of cooperation in multimodal transportation covering ocean, rail, road, & inland waterways for ushering port to last-mile connectivity, the company stated in the press release.

Both the companies intend to explore business opportunities for leveraging the advantage of each other’s infrastructure and experience in synergy to offer seamless and cost effective end-to-end logistics services to customers under a single window, it added.

Sanjay Swarup, CMD, CONCOR, stated, “This MoU will enable us to utilise SCI’s shipping services to develop CONCOR’s footprint at overseas locations and also to foray in the field of coastal & inland waterways trade to offer a wide...

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