Concor starts first-of-its-kind model for bulk cement transportation

News: As per media sources (Business Standard), Vicat Group, a French cement MNC with Bharathi Cement as its flagship brand, and Concor have started a first-of-its-kind model for bulk cement transportation by rail in customised tank containers and box containers with liners. The cement maker plans to serve its key markets of Chennai, South West Tamil Nadu and Kerala from its Kadapa plant in Andhra Pradesh through this initiative.

Views: Concor in its Q3 concall, has said that in FY23 the company expects to move an incremental 5-10 MT of cement in bulk in containers. Currently the company is expected to move 12 MT of domestic cargo in FY22. The bulk initiative is expected to provide an additional growth thrust to the company.

Impact: Positive