Container Corporation of India (CONCOR), a public sector undertaking, under Ministry of Indian Railways has signed a Memorandum of Understanding (MoU) with Container Company of Bangladesh (CCBL) under the Ministry of Railways of the People's Republic of Bangladesh.

 The MoU is for introduction of container train services between India and Bangladesh to facilitate International and Domestic trade.

The company will also provide Technical, Managerial, Capacity Building, training and other required support system to CCBL for the development and operations of Container Trains and Inland Container Depots (ICDs).

Shares of the company gained Rs 21.5, or 1.9%, to trade at Rs 1,153.15. The total volume of shares traded was 37,739 at the BSE (4.01 p.m., Tuesday).