CONCOR cuts empty container charges at Dronagiri terminal
ECONOMY & POLICY

CONCOR cuts empty container charges at Dronagiri terminal

Container Corporation of India Ltd (CONCOR) clarified that recent adjustments in empty container handling charges apply solely to its Dronagiri terminal near Jawaharlal Nehru Port, following reports suggesting cuts across its entire terminal network.

"We revised empty handling charges exclusively at Dronagiri," stated Chairman and Managing Director Sanjay Swarup, during a call with analysts. "These charges, previously set at around Rs 6,000 for 20-ft and Rs 9,000 for 40-ft containers, have been reduced. With low empty inventory at Dronagiri, the aim is to attract more business and empty containers to this facility." He emphasised that handling fees at all other terminals remain unchanged.

Despite the reduction, the Dronagiri terminal, contributing under 1% to CONCOR's total volume, has yet to see a revenue impact, as empty containers from shipping lines have not started arriving there. "We expect shipping lines to utilise this terminal within the next 10-15 days, adding incremental revenue to the company," Swarup noted.

Over the past year, CONCOR has offered 90 days of free storage for empty export-import (EXIM) containers and 15 days for loaded ones across its 66 terminals. Additionally, a 25% discount on the transport of empty containers from gateway ports to inland depots was introduced to support exports. Swarup highlighted that these initiatives have driven increased exports and market share without compromising margins, thanks to CONCOR's consistent, high-quality service standards.

"Our dwell time at ports is under 30 hours, while competitors can take up to 30 days," Swarup added. "Customers are willing to pay more for our reliable, rapid service, and this dedication to quality is core to maintaining their loyalty." (ET)

Container Corporation of India Ltd (CONCOR) clarified that recent adjustments in empty container handling charges apply solely to its Dronagiri terminal near Jawaharlal Nehru Port, following reports suggesting cuts across its entire terminal network. We revised empty handling charges exclusively at Dronagiri, stated Chairman and Managing Director Sanjay Swarup, during a call with analysts. These charges, previously set at around Rs 6,000 for 20-ft and Rs 9,000 for 40-ft containers, have been reduced. With low empty inventory at Dronagiri, the aim is to attract more business and empty containers to this facility. He emphasised that handling fees at all other terminals remain unchanged. Despite the reduction, the Dronagiri terminal, contributing under 1% to CONCOR's total volume, has yet to see a revenue impact, as empty containers from shipping lines have not started arriving there. We expect shipping lines to utilise this terminal within the next 10-15 days, adding incremental revenue to the company, Swarup noted. Over the past year, CONCOR has offered 90 days of free storage for empty export-import (EXIM) containers and 15 days for loaded ones across its 66 terminals. Additionally, a 25% discount on the transport of empty containers from gateway ports to inland depots was introduced to support exports. Swarup highlighted that these initiatives have driven increased exports and market share without compromising margins, thanks to CONCOR's consistent, high-quality service standards. Our dwell time at ports is under 30 hours, while competitors can take up to 30 days, Swarup added. Customers are willing to pay more for our reliable, rapid service, and this dedication to quality is core to maintaining their loyalty. (ET)

Next Story
Real Estate

Lodha Brothers Settle Disputes Amicably

The Lodha brothers, Abhishek and Abhinandan, have amicably resolved all outstanding disputes under the guidance of their parents. As per the agreed terms:• Macrotech Developers Ltd. (“MDL”), is the owner of, and has the exclusive right to use, the brand names ‘Lodha’ and ‘Lodha Group’.• Mr. Abhinandan Lodha, is the owner of, and has the exclusive right to use the brand name ‘House of Abhinandan Lodha’ (“HoABL”).• ‘Lodha Group’ and ‘House of Abhinandan Lodha’ have no connection with each other. Both entities will communicate this widely.• Abhinandan has no ri..

Next Story
Infrastructure Transport

MMRDA Enhances Metro Access with Four Railway-Linked Foot Overbridges

To enhance last-mile connectivity to the Mumbai Metro Green Line-4 and 4A (Wadala–Thane), the Mumbai Metropolitan Region Development Authority (MMRDA) has initiated the development of four new foot overbridges (FOBs) connecting key suburban railway stations to the metro network. According to a report by Mid-Day, tenders have been floated for constructing FOBs at Pant Nagar, Vikhroli, Bhandup, and Vijay Garden (Thane), with an estimated budget of Rs 1.29 billion allocated for the project. An additional Rs 80 million is earmarked for utility relocation works. The newly planned bridges will li..

Next Story
Infrastructure Transport

DMRC Invites Tenders for Inderlok–Indraprastha Corridor Civil Works

The Delhi Metro Rail Corporation (DMRC) has issued a tender for the civil works package D2C-01 as part of its ongoing Phase IV expansion, specifically targeting the Inderlok to Indraprastha corridor. Tender Details: Opening Date: 7 April 2025 Closing Date: 19 May 2025 Tender ID: 2025_DMRC_855903_1 Estimated Project Cost: Rs 1.17 billion Contract Duration: 32 months Earnest Money Deposit (EMD): ?58.58 lakh Pre-bid Meeting: Scheduled for 17 April 2025 Scope of Work: The contract covers the design and construction of an elevated viaduct, a ramp spanning from chainage CH: –514.012 to C..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?