Elara optimistic about shipping and airport sector growth

Elara Securities recently shared its views on India's infrastructure sectors, including shipping, airports, railways, and roads. The brokerage is optimistic about the shipping and airports but maintains a neutral stance on railways and roads. The report highlights significant growth potential in the shipping and ports sector. India aims to invest Rs 70-80 lakh crore by 2047 for port modernization, shipbuilding, and green initiatives. The Sagarmala Development Corporation is expected to play a vital role in financing maritime projects, with Odisha leading the way in developing shipping clusters. Companies like Shipping Corporation of India, Adani Ports, and Cochin Shipyard are anticipated to benefit. In the airports sector, India plans to invest Rs 90,000 crore in the next five years, focusing on both private and public airports. The aim is to position India as the third-largest civil aviation market globally. GMR Airports and Adani Enterprises are likely to gain from this growth. The outlook for Indian Railways includes an increase in capital expenditure, projected to rise to Rs 3 lakh crore. Investments will focus on rolling stock, safety, and station redevelopment. Current plans involve modernizing customer experiences with projects like Bullet trains and Hyperloop. Key beneficiaries from railway investments include ABB India and Siemens India. Lastly, in the roads transport segment, Elara expects project awards to gradually increase from FY26. 8,000-10,000 km of projects are awaiting approval. There will be an emphasis on quality execution and public-private partnerships. Elara remains neutral regarding road construction companies.