Inter State Oil signs MoU with CONCOR, June volumes hit 29,170 MT
The nano-cap logistics firm will serve as Transport Associate at CTC Shalimar and ICD Amingaon, opening multimodal rail-linked business. June cargo rose 26% month-on-month.
— 2 earlier stories on Inter State Oil Carrier Ltd. →What's new
- Inter State Oil signed a non-binding MoU with CONCOR to operate as Transport Associate at two key locations.
- June cargo volumes rose 26.17% month-on-month to 29,170 metric tonnes, the second-highest in a year.
- Fleet capacity expanded with four additional tankers during June.
Why this matters
For a ₹20 cr company, a partnership with a government-owned logistics giant like CONCOR is a credibility booster. It opens multimodal rail-linked business under the First Mile Last Mile arrangement, a new revenue stream not previously available. The June volume recovery adds near-term positive data, but the strategic MoU is the real story.
What we're watching
- Whether the MoU converts into a binding revenue-generating contract.
- First revenue contribution from the CONCOR partnership, likely small but symbolic.
- Management commentary on expected volumes and margins from the new arrangement.
The full read
Inter State Oil Carrier, a ₹20 crore nano-cap logistics firm, just landed something its market cap does not usually get: attention from a government-owned giant. It signed an MoU with Container Corporation of India (CONCOR) to operate as a Transport Associate at CTC Shalimar and ICD Amingaon under the First Mile Last Mile arrangement. The deal is non-binding and carries no disclosed financials, but for a company with trailing revenue growth of 33.3% and a debt-to-equity of 1.24, the credibility boost from a CONCOR partnership is real. Separately, June cargo volumes rose 26.17% month-on-month to 29,170 metric tonnes, the second-highest monthly figure in a year, and the fleet grew by four tankers. The volume story is good, but the MoU is the strategic pivot. The next test is whether it converts into revenue.
Questions answered
- What does the MoU with CONCOR entail?
- Inter State Oil will serve as a Transport Associate at CTC Shalimar and ICD Amingaon, handling business under the First Mile Last Mile arrangement. The agreement is non-binding and lacks financial quantification, but it marks entry into multimodal rail-linked logistics.
- How significant is CONCOR as a partner?
- CONCOR is a major government-owned logistics company with a nationwide rail-linked container network. For a nano-cap firm like Inter State Oil, the association enhances credibility and opens avenues for growth previously out of reach.
- How did June volumes perform?
- Cargo volume handled in June rose 26.17% month-on-month to 29,170 metric tonnes, the second-highest monthly figure in the past year. The company also added four tankers to its fleet.
- Does the MoU have immediate financial impact?
- Not yet. The MoU is non-binding and does not specify financial terms. Its qualitative impact on growth trajectory and investor perception is the immediate value.
- What is the company's financial health?
- Inter State Oil has a market cap of ₹20 cr, trailing P/E of 10.4, ROE of 5.9%, and debt/equity of 1.24. FY26 net profit grew 68% year-on-year, with Q4 FY26 net profit at ₹120.90 lakh versus ₹14.07 lakh a year ago.
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All notes on INTSTOIL →- 6 Jul 2026 · 4:54 PM IST Inter State Oil signs MoU with CONCOR, June volumes hit 29,170 MT
- 46d ago Inter State Oil's audited results are out. They were already out.
- 46d ago Inter State Oil's full-year profit jumps 68%, but Q4 did the heavy lifting