Container Corporation to issue bonus

Container Corporation of India Ltd has informed that the Board of Directors of the Company at its meeting held on January 30, 2008, inter alia, has transacted the following:

1. Declared an Interim Dividend @ 110% (Rs 11/-) per share for the FY 2007-08.

Further the Company has informed that, February 15, 2008 has been fixed as the Record Date for the purpose of payment of interim dividend.

2. Recommended incorporation of a provision for 'Capitalisation of Profits / Reserves' in the Articles of Association and issue of Bonus Shares in the ratio of 1:1 and increase in Authorised Share Capital from Rs 100 crores to Rs 200 Crores subject to the ratification / approval of shareholders and further approval of Govt. of India as may be required.

Container Corporation Q3FY08 Results

Container Corporation of India Ltd has announced the following Unaudited results for the quarter ended December 31, 2007:

The Company has posted a net profit of Rs 1929.20 million for the quarter ended December 31, 2007 as compared to Rs 1656.40 million for the quarter ended December 31, 2006. Total Income has increased from Rs 7677.10 million for the quarter ended December 31, 2006 to Rs 8848.80 million for the quarter ended December 31, 2007.

Container Corporation bonus issue

Container Corporation of India Ltd has informed that the meeting of the Board of Directors of the Company scheduled to be held on January 30, 2008, inter alia, will also consider the following:

1. Declaration of Interim Dividend, if any, for the FY 2007-08;

2. Recommendation of Issue of Bonus Shares subject to the approval of shareholders for insertion of a clause on "Capitalisation of Profits / Reserves" in the Articles of Association and ratification of issue of Bonus shares.

Gateway Distripaks - Concor JV

Gateway Distriparks Ltd has informed that the Company's subsidiary, Gateway Rail Freight Ltd (GRFL) had signed an agreement with Container Corporation of India Ltd (CONCOR) in March 2007 to form a joint venture Company (JVC) and operate the rail-linked inland container depot (ICD) at Garhi Harsaru, Gurgaon.

The parties to the above agreement reached closure of the terms of the agreement and the JVC, Container Gateway Ltd (CGL) has become operational with effect from December 01, 2007.

GatewayRail and CONCOR have shareholding in the ratio of 51:49 respectively in Container Gateway Ltd.