CONCOR and CWC Forge Strategic Partnership to supplement Logistics and Warehousing in India

Container Corporation of India Limited (CONCOR) and Central Warehousing Corporation (CWC) have inked a strategic collaboration through a Memorandum of Understanding (MOU) aimed to drive innovation and efficiency in the logistics.

The MOU, signed on Friday, signifies a strategic alliance between CONCOR, a leader in multi-modal logistics, and CWC, renowned for its warehousing expertise. This partnership will leverage their respective strengths to optimize supply chain management, enhance customer service, and foster growth in the industry. The collaboration will encompass sharing infrastructure, technology, expertise, and resources to achieve common objectives to offer seamless and cost-effective, endto-end logistics service including 'First Mile Last Mile' solution by offering to its stakeholders the best logistics solutions with an overall purpose to reduce the logistics cost of the nation.

The signing ceremony took place in the presence of Mr. Sanjay Swarup, Chairman and Managing Director of CONCOR, and Mr. Amit Kumar Singh, Managing Director of CWC. Senior officials from both the Corporations were also present on the occasion, highlighting the significance of the partnership.

The partnership between CONCOR and CWC underscores the commitment of both organizations to contribute towards the economic growth and development of India's logistics sector.

Shares of Container Corporation of India Limited was last trading in BSE at Rs. 867.00 as compared to the previous close of Rs. 867.55. The total number of shares traded during the day was 76503 in over 3429 trades.

The stock hit an intraday high of Rs. 874.65 and intraday low of 844.50. The net turnover during the day was Rs. 65629737.00.

Source : Equity Bulls

Keywords

ContainerCorporationofIndia INE111A01025 CONCOR CWC StrategicPartnership