CONCOR and CWC Forge Strategic Partnership to Revolutionize Logistics

Container Corporation of India (CONCOR) has announced a groundbreaking partnership with Central Warehousing Corporation (CWC), solidifying their commitment to revolutionize logistics through innovation and efficiency. 

The memorandum of understanding (MOU) signed between the two giants aims to capitalize on their respective strengths to streamline supply chain management, elevate customer service standards, and drive industry growth. 

This collaboration will see a synergy of infrastructure, technology, expertise, and resources, all geared towards delivering seamless and cost-effective end-to-end logistics solutions, including First Mile Last Mile services. 

The ultimate goal is to significantly reduce the nation’s logistics costs while offering stakeholders the pinnacle of logistics excellence.

 CONCOR, with its 59 terminals nationwide and strategic tie-ups, specializes in inland transportation of containers from ports via rail wagons, in addition to managing cold storage chains and warehouses. 

In Q3 FY24, the company reported a robust 12.42% increase in consolidated net profit to Rs 330.74 crore, fueled by a 10.28% rise in revenue from operations to Rs 2,210.57 crore compared to Q3 FY23. 

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