Container Corporation of India (CONCOR), a Navratna PSU, on Tuesday said the company will see spurt in volume once the Palanpur connection of Western Dedicated Freight Corridor (WDFC) is complete.

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In an interview to CNBC-TV18, V Kalyana Rama, chairman and managing director said the company has resolved the land lease issue and made the payment, "The total payment we made is Rs 590 crore to the Indian Railways. All disputes with respect to railways have been settled."

Rama said CONCOR picked up good volumes in Q4, "Overall for the year we ended up in handling volumes around 2.8 percent less but in domestic, we were more than last year."

Further, he said the company is working on the guidance for FY22, "We hope it will be a good year as the demand has picked up and the forecast from various stakeholders is that the demand will continue like this."

Ram said CONCOR is seeing good increase in exports, which is a very encouraging scenario.

Also, he sees maximum amount of growth in the EXIM traffic over the next one-two years, "For domestic, we are seeing more people are coming towards containerisation."

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(Edited by : Jomy Pullokaran)

First Published:Apr 6, 2021 4:39 PM IST