State-owned Container Corporation of India Ltd (CONCOR) on Wednesday (October 29) said it the company and Jawaharlal Nehru Port Authority (JNPA) have signed a Memorandum of Understanding (MoU) to collaborate on the development and management of Common Rail Handling Operations for all upcoming container terminals at the proposed Vadhvan Port.

Under the MoU, CONCOR will serve as the Common Rail Handling Operator, providing consultancy and operational support in rail coordination, infrastructure planning, and container handling at the common rail yard. The project involves an estimated investment of about Rs 500 crore and will be implemented in a phased manner, with operations expected to commence in 2030. 

The MoU was signed today, in Mumbai, during India Maritime Week 2025, by Sanjay Swarup, Chairman & Managing Director of CONCOR, and Unmesh Sharad Wagh, Chairman of JNPA and CMD of Vadhvan Port Project Limited.

The partnership represents a major step towards enhancing multimodal connectivity and developing an efficient logistics ecosystem at Vadhvan Port. It reinforces the shared commitment of JNPA and CONCOR to strengthen India’s port-led growth and infrastructure development framework.

Shares of Container Corporation of India Ltd ended at Rs 554.05, up by Rs 12.00, or 2.21%, on the BSE.  

Source: CNBC TV 18 

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