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Latest Articles in icra

City Gas Distribution To Benefit From SC Ban Of Pet Coke And Furnace Oil In NCR

The industrial units using pet coke and furnace oil, post the ban would have to shift to alternate fuels such a natural gas and accordingly City Gas Distribution entities operating in the NCR would see a significant increase in PNG (industrial) volumes over the short to medium term

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Domestic Tailwinds & Emerging Export Markets To Offset Any Adverse Impact Of Sri Lanka’s Proposed Plans To Restrict Three-Wheeler Imports: ICRA

Sri Lanka is one of the key export markets for Indian OEMs but over the past few years, its share has declined because of a sharp reduction in demand (owing to increase in local taxes) and increasing focus of OEMs to foray into the African and Latin American markets

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‘Range-Bound Domestic Passenger Traffic Growth, Increasing ATF Prices Might Trouble The Industry’

The moderation in passenger traffic growth after two years of 20 per cent plus growth is primarily on account of lower than expected capacity addition, airlines’ efforts to strengthen yields and high base

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Telecom Sector Needs Rs 50,000 Crore A Year Investment: Icra

The agency said both the subscriber market share and the revenue market share of the three top telcos - Airtel, Vodafone and Idea Cellular--have increased marginally and is illustrative of the marginalisation or exit of smaller players

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Has Demonetisation And GST Narcotised Indian Apparel Industry?

According to a report by Investment Information and Credit Rating Agency of India (ICRA), disruptions caused by demonetisation and transition to GST regime has narcotised the Indian apparel and fabric industry

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Anti-Dumping Duty On Chinese Tyres Positive: Icra

Domestic rating agency Icra expects this will lead to a strong demand pickup for large truck tyre manufacturers

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Profitability Of Indian Steel Mills To Improve In Near Term: ICRA

Buoyant international steel prices have benefitted Indian mills to increasingly tap overseas markets, as reflected in a 57% year-on-year growth in exports during April-August 2017

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Domestic Passenger Traffic Growth Plummets To 42 Month Low In July 2017

According to an ICRA note, high base effect – where the passenger traffic had grown by 30 per cent and 26 per cent in July of 2015 and 2016, respectively – impacted the growth

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Power Prices Spike To Rs 9.91 In Spot Market; Unlikely To Be Sustained

Even the average price on India Electricity Exchange rose to Rs 5 per unit on low electricity supply, which is higher than the long term agreement prices for both coal and renewable across states

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‘Growth levers for auto component industry intact, but commodity prices continue to play spoilsport’

According to an ICRA report, long-term growth will be around 10-12 per cent, considering the increasing content per vehicle due to technological advancement and regulatory measures (emission, safety regulations)

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Hotel Industry Growth Continues To Trudge Despite All Right Signals: ICRA

Revenue growth for the industry sample remained subdued with the adjusted (for renovation/ sale of hotels) industry revenue witnessing 2 per cent growth during the quarter

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Domestic Air Traffic Surges 20% In June; Best Since Jan'17: ICRA

The domestic air passenger traffic in the country has registered a healthy year-on-year growth of 20 per cent in June 2017 at 18.9 million compared to the corresponding month last year, according to rating agency ICRA

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No More Cheap Modules From China: Gloomy Days Stare At Indian Solar Projects

The price of the photovoltaic (PV) module which marks almost 70% of a solar project’s cost, has shown an upward trend over the last three to four months

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