Railway Accounts Department Examinations

Showing posts with label CONCOR. Show all posts
Showing posts with label CONCOR. Show all posts

Monday, November 6, 2023


·         A Navaratna CPSE under the Ministry of Railways (granted the status in the last year 2014-15). It is the first Navaratna CPSE (Central Public Sector Enterprise )of Indian Railways.

·         Incorporated in the year 1988 and commenced operations in the year 1989.

·         Headquarters is in New Delhi.

·         Present Chairman & Managing Director: Shri Sanjay Swarup, IRTS 1990 batch officer 

·         Started with the existing 7 ICDs (Inland Container Depot) taking over from Indian Railways in the year 1989.  Now it has a network of 61 ICDs (Inland Container Depot)/CFSs (Container Freight Station)

·         Indian Railways first ICD is at Bangalore in the year 1981.

·         Operates three core businesses 1) Cargo carrier 2) Terminal Operator 3) Warehouse Operator

·         Plans for setting up of 15 MMLPs – Multi Modal Logistic Parks during 12th Five year plan for providing seamless connectivity and one stop solution for customers.

·         Cargo handled during the year 2021-22 is 40.73 Lakhs TEUs- TEU means Twenty foot Equivalent Unit.

·         Profit after tax is Rs.1062 Crores during the year 2021-22.  It is listed in the NSE & BSE. 55% shares owned by promoter group i.e., Indian Railways.  Rest of the 45 % shares owned by the Public

·         Pioneer/Developer of containerization in the world- Malcolm McLean He was an American transport entrepreneur who developed the modern shipping container which revolutionized transport and international trade in the second half of the twentieth century. 

·         Containerization led to a significant reduction in the cost of freight transportation by eliminating the process of transportation by lorry to the port, unloaded into a warehouse and then reloaded into the ship 'piece by piece' and also improved reliability, reduced cargo theft, and cut inventory costs by shortening transit time. 

·         CONCOR  - Monopoly in the Container business in India, though 15 private players entered in this segment  to