CONCOR and PSA MESA Sign MoU for End-to-End Logistics Collaboration

22 Apr 2024 , 06:59 AM

Container Corporation of India (CONCOR) and PSA MESA Supply Chain (PSA MESA) signed a Memorandum of Understanding (MoU) on April 18, 2024, in New Delhi to collaborate on providing seamless and cost-effective end-to-end logistics services to customers.

CONCOR, a leading logistics service provider in India, operates more than 60 container terminals across the country. PSA MESA is a wholly-owned subsidiary of PSA International, a global port operator, offering integrated and port-centric supply chain, transportation, and logistics solutions through its supply chain business arm, PSA BDP.

The MoU signifies the partnership between CONCOR and PSA MESA to deliver comprehensive logistics solutions to meet customer needs. The stock of CONCOR experienced a decline of 0.29%, closing at ₹926 on the NSE at the time of writing.

Container Corporation of India Limited (CONCOR) is a public sector undertaking established in March 1988 under the Companies Act. It is engaged in the transportation and handling of containers, having commenced operations in November 1989 by taking over an existing network of seven inland container depots (ICDs) from Indian Railways.

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