Revolutionizing Logistics for National Growth
Extract
from Chairman’s Speech at 34th AGM of Container Corporation of India
Performance Highlights
With
the relentless commitment and dedication of every member of CONCOR family, your
company has achieved yet another year of outstanding performance. I am
delighted with the performances of your Company as it has done extremely well
on all fronts. The impressive performances of the company on various parameters
such as physical volumes, financial, CAPEX, dividend, etc. are as follows:
Business Volumes, Turnover
and Profitability
The
year 2021-22 has been the year of outstanding performance for your Company, in
which it achieved the highest ever handling volumes of 4 million TEUs as
against 3.6 million TEUs in the FY 2020-21 i.e. a growth of 11.8%. It
transported 47.69 million tonnes of cargo volume by
rail during the year showing 13.5% increase over previous year. It registered a
growth of 7.7% and 32.3% IN EXIM and Domestic throughput respectively. The
Company also achieved the highest ever gross turnover of Rs.7.857 crores, as
against Rs.6,670 crores in FY 202-21 i.e. a growth of
17.8%. The Profit after tax of the Company stood as Rs.1,062 crores with and increase of 111% over previous year.
Capital Expenditure
To achieve the mission of becoming the first
choice of our customers, the Company remains firmly committed for development
and expansion of its terminals, acquisition of wagons, containers, handling
equipment and creating IT infrastructure. In 2021-22, the Company has developed
two new facilities at Multi Modal Logistics Park at Mundra, Gujarat and Rail Transhipment Hub at Swarupganj,
Rajasthan. It has incurred Rs.603 crores as Capital expenditures. At the year
end, it has a robust fleet of 16,679 wagons, 37,431 containers, 108 RSTs, 14
gantry cranes and 31 Reefer power packs of different capacity.
Strategies and Initiatives
Your Company continues to be the market
leader in multi-modal logistics in India with the largest available network of
container terminals having presence in almost all container handling ports and
major industrial hubs. It has a large fleet of rolling stock, containers,
handling equipment, IT enabled operations with customs and customers interface enabling
your Company to provide efficient and reliable value-added services.
Recently, the Union Cabinet has approved
Railways’ land policy to implement PM Gati-Shakti
Cargo Terminal framework which will help in setting up and development of
infrastructure required for boosting the growth of logistics sector.
To
support the EXIM trade dealing with shortage of containers in hinterland,
scheme of aggressive discount for repositioning of empty containers for export
purpose has been introduced. Steps are also taken to meet the shortage of
containers for exporters in which CONCOR provided its own containers for
overseas movement. In order to promote the AatmaNirbhar
Bharat in container manufacturing, initiatives have been taken by floating EOI
for development of vendors for indigenous manufacturing. Subsequently, orders
for procurement of 18,000 containers were placed with indigenous manufacturers.