MUMBAI, February 5, 2026 – In a landmark announcement, Container Corporation of India Ltd. (CONCOR), the Navratna logistics giant, has declared its highest-ever throughput and unveiled an aggressive expansion blueprint aiming for ₹15,000 crore revenue by FY2029.
Record-Breaking Performance (Q3 FY2026)
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Throughput: Reached 4.15 Million TEUs (Till Dec 2025) – an all-time high for the company.
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Growth: 11% overall – EXIM up 10%, Domestic up 13%.
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Dividend: Board approves ₹3.40/share (68%), taking FY26 total to ₹7.60/share (152%).
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Market Share: Gained significantly at JNPT (+186 bps) and Pipavav (+93 bps).
Financial & Operational Highlights
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Rail Freight Margin improved ~200 bps to 27.7%.
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Operating Margin up ~100 bps to 31.2%.
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Double-Stack Rakes grew 7% to 4,933 rakes; empty running reduced by 12%.
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Capex Boost: Board increases FY26 capital expenditure by 23% to ₹1,060 crores to meet robust demand.
The Growth Engine: Key Drivers Revealed
CMD Mr. Sanjay Swarup outlined a multi-pronged strategy to achieve the ambitious ₹15,000 crore target:
1. EXIM Super-Charge (Target: 15%+ Annual Growth)
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Western DFC to JNPT: The March 2026 connectivity is hailed as the biggest game-changer, enabling assured transit trains and capturing long-lead traffic from North India.
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Double-Stack Expansion: Bringing Jodhpur and Ahmedabad onto the double-stack network in FY26.
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New Terminals & Nepal Focus: Leveraging new facilities at Mandalgarh, Jajpur, Kadakola and expanding Nepal traffic via Raxaul and Biratnagar.
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Shipping Foray: Consolidating services to the Middle East and soon launching Far East routes.
2. Domestic Momentum (Target: 20%+ Annual Growth)
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Bulk Cement & Tank Containers: Primary growth driver with agreements already signed with UltraTech, Adani, My Home Cement, and JK Cement.
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Big-Ticket Contracts: Advanced talks with Petronet (ethane/propane) and GAIL (PTA business) for long-term logistics.
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Corporate Partnerships: Tied up with Vedanta, Jindal, and Tata for dedicated cargo movement.
Management's Bold Vision for FY2029
By the end of the three-year plan, CONCOR targets:
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Revenue: ₹15,000 Crores
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Throughput: 10 Million TEUs
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Cargo Handled: 75 Million Tonnes of containerized cargo
“We are standing on very strong fundamentals. The Board’s approval for enhanced capex underscores our commitment to tap the massive market demand and place CONCOR on a high-growth trajectory,” stated Mr. Sanjay Swarup, CMD.
Analyst Q&A: Key Takeaways
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On Revenue vs. Volume Growth: Management clarified that Net Tonne Kilometer (NTKM) is the correct parameter to gauge revenue, as Q3 saw a 2% dip in EXIM lead affecting realizations.
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On DFC Impact: Benefits will start accruing from Q1 FY2027, with JNPT’s pure-DFC route offering superior advantages over existing feeder routes to Gujarat ports.
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On Market Share: CONCOR aims to lift its market share from ~54% to 65-70% by FY29 by focusing on high-margin business and multimodal solutions, not low-yield contracts.
The announcement signals CONCOR’s strategic pivot from a port-centric operator to an integrated, aggressive player ready to dominate India’s next wave of logistics growth.