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Informist, Friday, Jan. 30, 2026

By Arundathi A R and Sunil Raghu

MUMBAI – Public sector undertaking Container Corp. Of India Ltd. expects a top line of INR 150 billion by 2028-29 (Apr-Mar), the company's management said in a post-earnings conference call with analysts Friday. The management also projected a target of handling 10 million containers and 75 million tonnes of cargo annually by FY29.

The company's market share fell over the years as it was not pitching for low-margin business, the management clarified during the analyst call. "To arrest this drop in market share, we are adopting a lot of steps like multi-modal logistics park and first-mile and last-mile transportation," the management said.

The company's current market share is down at 53-54% from 75% almost a decade ago. Its market share at Mundra declined 232 basis points on year to 36% in Oct-Dec, it said. The company's market share in Jawaharlal Nehru Port Authority increased 186 bps on year and in Pipavav Port by 93 bps. Meanwhile, disturbances in Bangladesh led to less demand for gunny bales transportation, the management added. 

The company plans to put Jodhpur on double-stack map in FY26. It also plans to add double-stack capability at Ahmedabad soon. "At present our terminal is not able to handle double stack and we are not able to get that much business," the management said. The company has already commissioned a few terminals at Mandalgarh, Kadakola, and Jodhpur, from where good traffic is expected in the coming three years. This is likely to boost the company's export-import as well as its domestic business by FY29. "ExIm (export-import) alone is likely to cross the turnover of INR 60 billion revenue, which will be all-time high for Ex-Im stream," it said. On a pan-India basis, imports grew 7.5% and exports rose 7%, as of Dec. 31.

Regarding the domestic sector, the bulk of cement and tank containers are likely to drive growth in the coming months. "Talks are in advanced stage with Petronet LNG Ltd. for ethane-propane loading on long-term basis," according to the management. The company has also procured around 3,800 containers in the first nine months of this financial year, taking the total containers under its ownership to around 57,000.

For the December quarter, the company's originating volume was 685,141 containers, the management said. The company's originating cargo volume refers to freight that is loaded and initiated into the logistics chain from one of its inland container depots, container freight stations, or private sidings across India.

Container Corp. post market hours Thursday reported a net profit of INR 3.29 billion for the December quarter. Its revenue for the reporting quarter was INR 23.02 billion. At 1521 IST, shares of the company traded 0.4% higher at INR 502.70 on the National Stock Exchange.  End

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

Edited by Tanima Banerjee

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