History of Container Corporation Of India

_x000D_ Container Corporation of India Limited (CONCOR) was incorporated on March 10, 1988. It commenced its operations in November 1989 by taking over the existing network of 7 Inland Container Depots (ICDs) from the Indian Railways. Its objective was to increase profits and satisfy the customer's requirements for high-quality, cost-effective logistics services. _x000D_ _x000D_ In 1991, the company commissioned the Port Side Container Terminals (PSCTs) at Todiarpet, near the Chennai harbour and at Wadi Bunder, near the Mumbai Port. Thereafter, its locations expanded to Tughlaqabad near Delhi and Whitefield in Bengaluru. In 1992-93, the company performed the very first movement of refrigerated cargo containers by rail in India. In 1994, the company became a multimodal transport operator and also a consultancy organisation. In the same year, the Government of India divested 20% of its equity shares in the company._x000D_ _x000D_ In 1999, the company launched a daily service between Chennai Port and Whitefield ICD, Bangalore and in the following year, it formed a separate domestic division for domestic container movements. The company built tie-ups with Continental Warehousing Corporation and Kolkata Port in 2000 and 2003, respectively. In 2004, further agreements were signed with APEDA, Transworld and APL, as well as with the Baxi Group in 2006. _x000D_ _x000D_ In 2014, the company was granted the Navratna status. In 2015, it built multimodal logistics parks in MP and Haryana. The government disinvested its shares partially through an offer for sale in 2016. _x000D_ _x000D_ In 2019, the company spent around ₹768.35 crore on capital expenditure, mostly on the development of terminals, acquisition of wagons, IT Infrastructure, etc. As of March 31, 2022, the Company had 61 terminals in total, of which 6 are pure EXIM terminals, 36 are combined container terminals, and 17 are purely domestic terminals. _x000D_

Business Segments

_x000D_ CONCOR's core business involves 3 distinct activities, i.e. carrier services, terminal operator services, and warehouse operator services:_x000D_

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• Carrier - Most of the company’s terminals are rail-linked. Some are exclusively road-fed as well.
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• Terminal Operator - The company’s terminals provide a wide range of facilities such as warehousing, container parking, repair, and even office complexes.
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• Container Freight Station (CFS) Operator: As a CFS operator, the company offers services such as transit warehousing, bonded warehousing, Less than Container Load (LCL) consolidation, reworking of LCL cargo, and air cargo clearance via bonded trucking.
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_x000D_ In terms of revenue share, the export-import business has been reducing its share from 80% in FY 208 to 69% in FY 2022. The remaining comes from the domestic business. A large part of the business comes from the transportation of food grains, sponge iron and pig iron._x000D_

Subsidiaries

_x000D_ The company has the following subsidiaries:_x000D_

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1. Fresh & Healthy Enterprises Ltd. - This is a wholly-owned subsidiary of CONCOR. It was created to build a world-class cold storage infrastructure and related logistics in India.
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2. CONCOR Air Ltd. - This is also a wholly-owned subsidiary. Its role is to provide air cargo-related services for domestic and international circuits. This includes trucking solutions from the hinterland to the airport. 
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Corporate Actions

_x000D_ The following are some of the corporate actions undertaken by the company:_x000D_ _x000D_ Stock Split_x000D_ _x000D_ The company split the face value of its stock from ₹10 to ₹5 per share with the record date on June 27, 2018._x000D_ _x000D_ Bonus Issue_x000D_

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• In 2008, company issued bonus stocks at a 1:1 ratio.
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• In 2013, company offered bonus issues of stocks at a 1:2 ratio.
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• In 2017, company issued bonus stocks at a 1:4 ratio.
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• In 2019, company offered bonus issues of stocks at a 1:4 ratio.
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_x000D_ The company has not conducted any buyback of shares