CONCOR Signs MoU with Vizhinjam Seaport to Develop Container Freight Station

Container Corporation of India Ltd (CONCOR) has entered into a memorandum of understanding with Vizhinjam International Seaport Ltd (VISL) to explore the development of a Container Freight Station (CFS) near the Vizhinjam International Seaport in Kerala. The MoU was signed on February 23, 2026, in Thiruvananthapuram. 

The agreement is non-binding and non-exclusive in nature and marks a step towards enhancing logistics infrastructure around the upcoming deep-water transshipment hub. 

Proposed CFS Development Near Vizhinjam Port 

Under the understanding, VISL will provide land for the proposed CFS on mutually agreed terms, while both organisations will collaborate on planning and development. 

The facility is expected to include customs-bonded areas, warehousing space, container handling and storage yards, import-export cargo handling infrastructure, weighbridges and other allied logistics amenities. 

Following the signing of the MoU, the two entities are expected to enter into a detailed agreement outlining specific terms, responsibilities and operational frameworks for the project. 

Strengthening Multimodal Logistics and EXIM Trade 

The collaboration aligns with the shared objective of enhancing multimodal logistics capabilities and improving cargo handling efficiency at Vizhinjam International Seaport. 

Vizhinjam is positioned as a strategic deep-water transshipment hub and is envisioned as a key gateway for global maritime trade, making the development of supporting infrastructure critical. 

For CONCOR, the move reinforces its focus on expanding rail-led multimodal logistics solutions and strengthening infrastructure to meet the evolving requirements of India’s EXIM trade. 

Read More: Commerce Minister Piyush Goyal Launches 7 Measures Under ₹25,060 Crore Export Promotion Mission! 

CONCOR Share Price Performance  

As of 24 February 2026, at 10:28 AM, Container Corporation of India Ltd share price is trading at ₹503.15 per share, reflecting a decline of 0.77% from the previous closing price. Over the past month, the stock has gained by 3.67%. 

Conclusion 

The proposed CFS near Vizhinjam port is expected to support the development of an integrated logistics ecosystem in the region. If implemented as planned, the partnership could contribute to improved cargo movement efficiency and broader economic growth. 

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