Shares of Container Corporation of India Ltd (CONCOR) are trading flat after touching a day’s high of Rs 557 on 30th October, despite the company announcing on Wednesday (29th October) that it has signed a Memorandum of Understanding (MoU) with the Jawaharlal Nehru Port Authority (JNPA) to collaborate on the development and management of Common Rail Handling Operations for all upcoming container terminals at the proposed Vadhvan Port.

Under the MoU, CONCOR will act as the Common Rail Handling Operator. It will offer consultancy and operational support for rail coordination, infrastructure planning, and container handling at the common rail yard. The project, worth around Rs 500 crore, will be developed in phases. Operations are expected to begin in 2030.

The agreement was signed in Mumbai during India Maritime Week 2025. It was signed by Sanjay Swarup, CMD of CONCOR, and Unmesh Sharad Wagh, Chairman of JNPA and CMD of Vadhvan Port Project Limited.

This partnership marks a key step in improving multimodal connectivity. It is also building an efficient logistics network at Vadhvan Port. This reinforces JNPA and CONCOR’s joint efforts to drive India’s port-led growth and infrastructure development.

At 11:36 AM, shares of CONCOR were trading 0.15% lower at Rs 553 on NSE.

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