CONCOR incorporates Concor Last Mile Logistics
On Monday, the Container Corporation Of India Limited (CONCOR) announced that it had incorporated Concor Last Mile Logistics, a wholly-owned subsidiary, with a share capital of Rs 100 crore.
The new company will be engaged in the development, operation, and management of goods sheds. Among other tasks, it would also undertake operation and management of freight terminals and will be developing warehouses. Additionally, it would provide first mile to last mile connectivity and its related services.
Container Corporation of India Limited is a company engaged in transportation and handling of containers, which include both rail and road. The company is also engaged in the operation of logistics facilities, including dry ports, container freight stations, and private freight terminals. Its divisions are EXIM and domestic, which are engaged in handling, transportation and warehousing activities. Its international services include train services, road services, air cargo movements, refer services and block booking on a round trip basis. On the other hand, its domestic services include train services, volume discount scheme, door delivery, and terminal handling charges.
On Monday, the stock closed at Rs 561, down by 1.48 per cent or Rs 8.40 per share. The 52-week high is recorded at Rs 665.05 and the 52-week low is recorded at Rs 460.