CONCOR, SCI and Major Port Authorities sign landmark MoU to establish Bharat Container Shipping Line (BCSL)
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The stock is up by 12.5 per cent from its 52-week low of Rs 472.95 per share.
Hon’ble Prime Minister of India Narendra Modi had announced the launch of India’s first national container shipping line, Bharat Container Shipping Line (BCSL), on 29th October 2025 during India Maritime Week 2025. The initiative aims to strengthen India’s maritime economy and promote ease of doing business in India.
To achieve the vision of the Hon’ble Prime Minister of India, detailed deliberations were held among concerned stakeholders and thereafter, an MoU was signed by Container Corporation of India Ltd (CONCOR) for the formation of the proposed JV Company - Bharat Container Shipping Line (BCSL). This MoU has been signed between CONCOR, Shipping Corporation of India (SCI), V.O. Chidambarnar Port Authority (VOCPA), Jawaharlal Nehru Port Authority (JNPA), Chennai Port Authority (CPA) & Sagarmala Finance Corporation Ltd. (SMFCL) on the 3rd February 2026 at New Delhi.
The MoU aims at the formation of a Joint Venture Company, namely BCSL, among the above mentioned constituents for the purpose of acquiring, owning, leasing and operating container vessels, containers and related assets for EXIM and coastal trade, with the ultimate objective of providing comprehensive end-toend Logistics solutions to customers by integrating the expertise and experience of all proposed stakeholders across port-based services and land and sea-based transportation.
In BCSL, the stakes of the constituents are expected to be: CONCOR and SCI 30 per cent each, JNPA 10 per cent, VOCPA and CPA 5 per cent each and SMFCL 20 per cent.
About the Company
Container Corporation of India Ltd. (CONCOR) was incorporated in March 1988 under the Companies Act and commenced operation from November 1989, taking over the existing network of 7 inland container depots from the Indian Railways. CONCOR is a market leader, having a widespread network of more than 60 terminals in India. In addition to providing inland transport by rail for containers, it has also expanded to cover management of ports, air cargo complexes and establishing a cold chain. The company has developed multimodal logistics support for India's international and domestic containerization and trade.
The company’s 54.80 per cent stake is owned by the President of India and Life Insurance Corporation of India (LIC) owns a 10.04 per cent stake in the company as of December 2025. The company has a market cap of over Rs 40,000 crore and has been maintaining a healthy dividend payout of 56 per cent. The stock is up by 12.5 per cent from its 52-week low of Rs 472.95 per share.
Disclaimer: The article is for informational purposes only and not investment advice.