The partnership aims to leverage the respective
strengths of CONCOR and CWC 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, end to-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.
CONCOR
operates 59 terminals across the country along with two strategic tie-ups. The company’s primary operation is to provide inland
transportation of containers from ports using rail wagons. The company also
manages cold storage chains and warehouses.
The
logistics solution providers consolidated net profit rose 12.42% to Rs 330.74
crore on 10.28% increase in revenue from operation to Rs 2,210.57 crore in Q3
FY24 over Q3 FY23.
The scrip fell 1.24% to currently trade at Rs 856.25
on the BSE.