CONCOR has announced plans to invest around Rs.10,000 Cr till 2026. The investment will primarily be made in acquiring rolling stock, developing infrastructure and acquiring containers and equipment. The freight arm of Indian Railways is also focusing on improving its last mile connectivity and product offering to its logistics customers. The capital expenditure will be mostly done through internal accruals. The rail freight major has planned to acquire 246 rakes which are at various stages of procurement. The company also plans to acquire 50,000 to 100,000 containers in the next 3-4 years. As of December 2022, the company had 362 freight trains and 37000 containers. CONCOR aims to expand revenues from domestic operations to 40% of overall revenues in 4-5 years. The company is also expanding its product portfolio to include bulk cargo handling and it has got good demand from the cement sector. It expects to handle 12 million tonnes of cement traffic annually.
