Navayuga Engineering IPO : Navayuga Engineering to Tap Markets soon
Navayuga Engineering IPO : Navayuga Engineering to Tap Markets soon
Navayuga Engineering Co, which is executing the Andhra Pradesh’s Krishnapatnam port, is most likely IPOs to hit the market some time next year.
Navayuga Chairman Chinta Visweswar is chalking out an expansion plan for ports and power generation involving investments of around Rs 24,000 crore over the next five years, according to officials.
Thanks to the valuations Mundra commanded from investors post-listing, several big corporate houses are now eyeing the port sector with a positive frame of mind. “India Inc has realised that investments in port will give good returns in the coming years,” he said.
