Concor charts aggressive growth path, to add 500 rakes and 100 terminals
State-owned Container Corporation of India (Concor) has unveiled an ambitious capacity expansion plan, targeting the addition of 500 rakes and 100 terminals by 2028 as India’s logistics sector gears up to support the country’s manufacturing push.
In its latest annual report, Concor Chairman and Managing Director Sanjay Swarup underlined that India is transitioning from a consumption-led economy to a manufacturing and industrial hub, with logistics set to play a pivotal role in sustaining growth. “Our nation is well positioned to become the third-largest economy within a decade, and logistics infrastructure will be the backbone of this transformation,” Swarup said.
-On-year, Concor, India’s largest multimodal logistics provider, reported its strongest-ever financial and operational results in FY 2024–25. The company handled 5.09 million TEUs, up 7.94% year-on-year, including a 6.78% rise in EXIM volumes and an 11.9% surge in domestic cargo. Gross turnover climbed to ₹9,329 crore, while net profit increased to ₹1,272 crore—both the highest in its history.
Cargo movement across Indian Railways reflected this momentum, with originating freight volumes rising to 1,617 million tonnes, up 1.68% from the previous year. Containerized traffic grew faster, up 4.34% to 88.7 million tonnes, while ports handled 23.3 million TEUs, a double-digit growth of 10.6%.
To build on this growth, Concor invested ₹810 crore in FY25 for terminal upgrades, new wagons and containers, handling equipment, and IT infrastructure. An additional ₹76.7 crore was allocated to R&D, focusing on indigenous container manufacturing (including cement tank containers), destuffing solutions, and wagon upgrades to boost efficiency and resilience.
The company currently operates 66 terminals, 17,485 wagons, over 53,000 containers, and a range of handling and transport equipment, supported by LNG trucks and reefer power packs.
Concor’s 2028 vision is anchored in diversification and deeper integration. The company is expanding into freight forwarding, distribution, customs clearance, shipping, and parcel services, while also developing private freight terminals, multimodal cargo hubs under Gati Shakti, and net-zero warehouses.
It is preparing to enter new segments such as air freight stations, short-sea services, and the auto logistics business. Offshore expansion is also on the cards through strategic corridors like the International North-South Transport Corridor (INSTC) and the India–Middle East–Europe Economic Corridor (IMEEC).
Operationally, Concor is aiming for 100% of its volumes to fall under its First Mile Last Mile (FMLM) model, offering integrated end-to-end logistics. The company also plans to secure long-term contracts with key customers, including shipping lines, cement companies, and large corporates, to ensure steady revenue growth.
Analysts see Concor’s scale-up as a strategic response to India’s growing logistics demand, driven by e-commerce expansion, infrastructure upgrades, and the revival of domestic manufacturing. By combining capacity building with diversification and global connectivity, the company is positioning itself to retain its leadership in India’s evolving logistics ecosystem.
