Container Corporation of India Ltd.
1,445.10-33.65 (-2.28%)
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Prev Close1,478.75
Bid1,445.10 x
Ask0.00 x
52wk Range1,051.00 - 1,694.00
Day's Range1,400.30 - 1,494.00
Avg Vol (3m)170,508
As of 6:00 AM EDT. Market closed.
  • Reuterslast year

    Modi's "port-led" export drive leaves India's hinterland stranded

    Mumbai's commercial seaport, which handles over half the container traffic through India's major ports, is doubling capacity as Prime Minister Narendra Modi seeks to build an export powerhouse. The expansion, due to be completed in seven years, can't come quickly enough for Avinash Gupta, whose family business supplies steel forgings to Europe and the United States from the industrial hub of Ludhiana in northern India. Gupta pays nearly $800 to a state-run rail cargo company to transport a 20-foot container to Mumbai - as much as 40 times the cost of shipping it onward to the Gulf commercial hub of Dubai.

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