The CMD of India's premier logistics company also sees stability even as the industry goes though a period of flux.
The Sagarmala project aims at "port-led development" in the country, he said, speaking to reporters here after inauguration of various works undertaken by the Visakhapatnam Port Trust.
The facility, a logistics park, includes supply-chain solutions through a container freight station (CFS), general warehousing and reefer/cold storage services along with transportation units, the company said in a statement.
Given the company's future growth potential through strong expansion plan with IPO proceeds, dedicated infrastructure, and strategically located CFSs in close proximity to Jawaharlal Nehru Port, majority of brokerages and analysts advise subscribing the issue.
The company proposes to open on Monday an initial public offering aggregating up to Rs 600 crore. Anchor investors would bid on Friday and the offer would close on August 26, 2015, for all bidders, the company said in a statement.