With an aim to promote Green & Sustainable Logistics, Container Corporation of India Ltd.(CONCOR) and The Energy and Resources Institute (TERI) have signed a Memorandum of Understanding (MOU) for Setting up Centre of Excellence (COE) for Green & Sustainable Logistics in TERI.
The signing of the MoU was held on the sidelines of the World Sustainable Development Summit (WSDS) 2025, TERI's annual flagship event. The WSDS 2025, scheduled from 5th to 7th March at India Habitat Centre, New Delhi, focuses on the theme: 'Partnerships for Accelerating Sustainable Development and Climate Solutions".
The centre will be named as "CONCOR-TERI Centre of Excellence for Green and Sustainable Logistics". The MoU signing ceremony took place at India Habitat Centre, Lodhi Road, New Delhi, India in the august presence of Shri Sanjay Swarup, CMD, CONCOR, Shri Ajit Kumar Panda, Director (Projects & Services),CONCOR and Dr. Vibha Dhawan, DG, TERI. The agreement was formally signed by Shri Ahmed Wasi Khan, Group General Manager(P&S), CONCOR, and Shri Sanjay Seth, Sr. Director, Sustainable Infrastructure Programme, TERI.
The centre will be an integral part of Transport and Urban Governance Division of TERI. Under this centre, TERI will undertake detailed research and policy development work in collaboration with CONCOR. The Collaboration seeks to maximize detailed research and to find innovative solutions towards sustainable logistics, particularly relevant to the rail transportation, terminal operations, warehousing & storage management, greening of built infrastructure and to comply various legislative frameworks.
During the signing ceremony, Shri Sanjay Swarup, CMD, CONCOR, highlighted CONCOR's ESG-focused initiatives, including deployment of 130 LNG trailers for first mile last Mile service, 95% cargo movement through rail, Plan to use electric vehicles for within terminals, construction of the 1st net-zero warehouse of 130,000 sq. ft. at Sriperumbudur, and utilizing solar panels at CONCOR terminals. These efforts underscore CONCOR's commitment to green, sustainable, and environmentally responsible logistics.
Shri Sanjay Seth, Sr. Director, Sustainable Infrastructure Programme, TERI, congratulated CONCOR and emphasized that it is at the forefront of promoting green and sustainable logistics, which can be both costeffective and environmentally friendly. He highlighted that this collaboration will help transform CONCOR's warehouses into 5-star-rated green infrastructure and contribute to India's National Logistics Policy goal of reducing logistics costs from 14% to 8%. He concluded that this collaboration will serve as a platform for driving research in sustainable logistics, benefiting stakeholders, industries, and policymakers.
Key Highlights of MOU:
1. Develop strategies, detailed research and policy development work for green logistics solutions, promoting environmentally responsible freight transportation, and exploring innovative technologies for reducing carbon footprint in logistics operations.
2. Develop tools and rating system to promote green initiatives in the warehousing and storage infrastructure, including development of GRIHA Rating for the same.
3. Capitalize on commercialization opportunities in accordance with this agreement
4. Necessary support in organising/co-organising Sustainable and Green Logistics related Events/Workshops etc.
CONCOR firmly believes in contributing and adopting best ESG principles in all of its activities. The partnership with TERI is further step towards its commitment towards Green & Sustainable Logistics.
Shares of Container Corporation of India Limited was last trading in BSE at Rs. 656.60 as compared to the previous close of Rs. 664.75. The total number of shares traded during the day was 48486 in over 3271 trades.
The stock hit an intraday high of Rs. 676.40 and intraday low of 652.35. The net turnover during the day was Rs. 32305634.00. |
