Outlook for port sector stable, rebound in coal volumes positive for players: ICRA


Outlook for port sector stable, rebound in coal volumes positive for players: ICRA

Terming rebound in coal volumes and steady progress on the Sagarmala project positive for Indian port sector players in the medium term, rating agency ICRA maintained stable year-end outlook for the port sector.

“ICRA has given a stable outlook for the port sector, in its year-end assessment. The prospects for the Indian port sector players in the medium term are expected to be favourable, supported by continuing healthy growth in cargo of major volume drivers – Coal, Crude and Containers,” the rating agency said in a statement.

Coal imports, which had become a concern over the last 2 years, have been witnessing a rebound and could continue to with the momentum witnessed in first half of FY 2019, it said.

Demand revival from the power sector and key consumer industries would be critical for sustained pick-up in coal imports, it said. Read More

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