Revenue in the Indian auto component industry is expected to expand by 8-10 per cent in the upcoming financial year 2025-26, according to rating agency ICRA.
Capacity utilisation of domestic steel industry in 2024-25 is poised to slip below 80 per cent for the first time in four years as cheap imports nibble at market share, according to rating agency ICRA.
The cement industry in India is expected to witness a significant capacity expansion of 70-75 million metric tonnes (MT) over the next two years, according to the rating agency ICRA.
Revenues of Indian pharma companies are likely to expand by 9-11 per cent in the current financial year, albeit a moderation from the increase of 13-14 per cent recorded in the previous year, said rating agency ICRA in a report.
Above-normal monsoon rains that helped farmers sow more crops this Kharif season bode well for agriculture, and are likely to improve gross value addition (GVA) in the sector
According to a release, despite an increase in net debt levels due to higher land investments, the leverage of developers is expected to remain comfortable between 1.1 and 1.3 times in FY2024, supported by robust cash flows.
Mumbai (Maharashtra) [India], November 2 (ANI/PRNewswire): Credit rating agency ICRA has assigned AA- (Stable) rating for the proposed non-convertible debentures (NCDs) of NMDC Data Centre Private Limited (NMDC). The rating is provisional subject to the completion of certain documentation fo
New Delhi [India], October 9 (ANI): During the financial year 2022-23, the domestic road logistics sector's growth is anticipated to continue due to the rapid expansion of business activities along with the support of robust growth in 2021-22 (FY22), said rating agency Icra recently.
New Delhi [India], October 6 (ANI): The domestic road logistics sector is expected to continue its growth momentum in FY2023 supported by the accelerated pace of business activities, following a healthy growth in FY2022, ratings agency ICRA said on Thursday.
Mumbai (Maharashtra) [India], October 3 (ANI): The credit quality of India Inc continued to strengthen in the first half of the current financial year, carrying on with the momentum set in motion since the beginning of the financial year 2021-22, rating agency ICRA said on Monday.