Container Corporation of India (Concor) continues to be troubled by the running of empty rakes due to the export-import imbalance in Indian ports.
For container shipping lines calling on Indian ports, some ports are emerging as export destinations, others as import destinations.
“For the container train operators, this means dropping the cargo in one port and picking the cargo from another,” explained Ms P Alli Rani, Director-Finance, Concor.
Moving trains without cargo means more costs for container train operators.
Concor announced a 75 per cent interim dividend with Feb 17 as the record date. The company recorded a 5.5 per cent growth in net profit, despite a 7.7 per cent growth in income from operations for the quarter-ended December .