ICICI Securities: Logistics Sector  Outlook - Road-To-Rail Intermodal Shift Will Drive CY21 Discourse
A truck transporting a shipping container drives through the Jawaharlal Nehru Port, operated by Jawaharlal Nehru Port Trust (JNPT), in Navi Mumbai. (Photographer Dhiraj Singh/Bloomberg)

ICICI Securities: Logistics Sector Outlook - Road-To-Rail Intermodal Shift Will Drive CY21 Discourse

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ICICI Securities Report

We believe road-to-rail intermodal shift, given renewed Indian Railways’ thrust to capture road traffic, will drive CY21 discourse.

Given so much investment (per annum spend has been augmented from Rs 450 billion to Rs 1,600 billion) in freight intensive corridors for Indian Railways definitely warrants a look at rail-based players like Container Corporation of India Ltd. and Gateway Distriparks Ltd.

Road consolidation theme didn’t play out as expected in CY20. Yet the pressure on road will intensify once Dedicated Freight Corridor commissions (expected on June 22).

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ICICI Securities Logistics Outlook 2021.pdf

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