CONCOR signs a Memorandum of Understanding with PSA MESA

Container Corporation of India Ltd (CONCOR) and PSA MESA Supply Chain Pte. Ltd. (PSA MESA) have signed a Memorandum of Understanding (MoU) on 18th April 2024 at New Delhi to collaborate in offering seamless and cost-effective end-to-end logistics service to customers. CONCOR is a leading logistics service provider in the country with pan India presence at more than 60 container terminals. PSA MESA is a wholly owned subsidiary of PSA International, a leading global port operator and trusted supply chain partner to cargo stakeholders operating four maritime container terminals and two container freight stations in India, and offering globally integrated and port-centric supply chain, transportation, and logistics solutions through its supply chain business arm, PSA BDP.

The MoU was signed on 18th April 2024 in New Delhi, India, in the presence of Mr. Sanjay Swarup, CMD of CONCOR and Mr. Vincent Ng, Regional CEO of Middle East South Asia, PSA International, along with senior officials from CONCOR and PSA.

This strategic partnership aims to leverage the strengths of both organisations' respective infrastructure and experience to enhance the "ease of doing business". The MoU also underscores CONCOR's and PSA's commitment to contribute to more sustainable, efficient and resilient supply chains, in support of India's national logistics transformation.

Shares of Container Corporation of India Limited was last trading in BSE at Rs. 923.30 as compared to the previous close of Rs. 924.55. The total number of shares traded during the day was 129602 in over 4290 trades.

The stock hit an intraday high of Rs. 931.70 and intraday low of 898.85. The net turnover during the day was Rs. 118834140.00.

Source : Equity Bulls

Keywords

ContainerCorporationofIndia INE111A01025 CONCOR MoU PSAMESASupplyChain