Container Corporation and Ultratech Cement sign strategic agreement; shares trade in green

Shares of Ultratech Cement and Container Corporation are trading in green after both companies announced signing a strategic agreement. Container Corporation shares traded in green at ₹537 apiece, and Ultratech Cement shares traded at ₹12,088 apiece at 10:15 am.

Container Corporation of India (CONCOR) has entered into a strategic agreement with M/s UltraTech Cement, India’s largest cement manufacturer, to transport bulk cement using specialised tank containers. This collaboration is a major step forward in promoting rail-based cargo movement and supporting India's vision of sustainable logistics. Under this collaboration, CONCOR will provide dedicated rakes for the transportation of bulk cement across identified rail corridors. This initiative marks a significant milestone in redefining bulk cement logistics in India.

This first-of-its-kind large-scale initiative in the country is designed to promote a modal shift from road to rail, offering a more sustainable, efficient, and reliable alternative for cement transportation. By leveraging Indian Railways' extensive network and CONCOR’s proven capabilities in logistics and multimodal transportation, this partnership is expected to streamline cement supply chains, reduce road congestion, lower transportation costs, and significantly cut down carbon emissions.

This partnership is expected to set new benchmarks in bulk logistics and open avenues for scalable, green logistics solutions in other sectors as well.

Container Corporation of India was incorporated in March 1988. The company’s core business is characterised by three distinct activities: those of a carrier, a terminal operator, and a warehouse operator.

On a YTD basis, Container Corporation shares are trading 13% lower from January 2025 till date. Meanwhile, shares of Ultratech Cement traded 6.7% higher in the same period.

In Q1FY26, Ultratech Cement reported 13% YoY jump in revenue and 49% YoY growth in the profit after tax. While Container Corporation posted 2% YoY increase in revenue and 3.2% YoY in consolidated profit.