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01.06 - 13:22
Market share gains for rail cargo to soften the covid-19 blow for Concor
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Business volumes dropped 3.9% in January-March (Q4FY20) this year, more than the 1-2% fall in the earlier three quarters, the company said in a filing to the stock exchanges The steep fall in container traffic at major ports may not have commensurate impact on Container Corp.
of India Ltd (Concor). It is able to store cargo at its warehouses and thus gain market share, especially because of the restrictions on inland road transport.
Business volumes dropped 3.9% in January-March (Q4FY20) this year, more than the 1-2% fall in the earlier three quarters, the company said in a filing to the stock exchanges.
Business volumes will be hit considerably in the current quarter as well, with April in full lockdown and restrictions continuing in May.
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