icra

Icra revises domestic steel demand growth rate to 10 pc for FY25 – ET Infra

NEW DELHI: Icra on Monday revised its outlook growth target for domestic steel demand to 9-10 per cent for the current fiscal on healthy government spending and demand from steel-consuming sectors. The domestic steel consumption registered a growth of 11.3 per cent between February to April 2024, the agency said in a report. It further […]

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Cement industry in India consolidating, market shares of top companies growing: ICRA – ET Infra

Backed by healthy demand prospects for the sector, large cement companies are looking to increase their capacity and maintain market share through, organic and inorganic expansions. According to rating agency ICRA, while organic growth is expected to continue in the medium term, cement companies are also preferring the inorganic route (either through acquisitions or through

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India’s September infra sector output up 8.1% year-on-year – ET Infra

Representative Image NEW DELHI -India’s infrastructure output rose 8.1% year-on-year in September but was at a four-month low with growth across most sectors slowing, government data showed on Tuesday. Infrastructure output, which comprises eight sectors including coal and electricity, accounts for nearly 40% of industrial output. A pickup in rains “expectedly flattened core sector expansion

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Cement sales volume to grow around 10% in FY24 : Report – ET Infra

Representative Image The cement sales volume is expected to have a healthy 9 to 10 per cent growth in the current fiscal, led by demand from infrastructure and urban housing sectors, according to a report. In the first half of this fiscal, the industry had a volume growth of around 12 per cent in the

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Cement companies’ green power mix likely to rise to 42 pc by FY25: Report – ET Infra

Cement companies‘ green power mix is likely to jump to 40-42 per cent by FY25 from 35 per cent in FY23, which will lead to savings of 140-160 basis points by way of lower energy cost, a report said on Monday. Major cement players are looking at reducing their emissions by 15-17 per cent over

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Steel companies may gain from government’s infra push – ET Infra

Outlook for the domestic steel sector is favourable despite the fact that anaemic growth in some of the world’s largest steel-consuming economies could impact prices, thanks to the government’s accelerated spending on infrastructure over the last few months, analysts said. Steel finds the maximum consumption in the infrastructure space. With the Centre spending nearly a

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Icra revises growth estimates for domestic steel sector to 10 per cent – ET Infra

Rating agency Icra on Wednesday revised upwards its growth estimate for the domestic steel industry to 9-10 per cent this fiscal, on account of the robust government capital expenditure. It had estimated the steel industry to grow in the range of 7-8 per cent at the start of the current 2023-24 fiscal, the rating agency

Icra revises growth estimates for domestic steel sector to 10 per cent – ET Infra Read More »

Local steel prices may fall further on China exports – ET Infra

MUMBAI: Steel prices in the domestic market, which have been under pressure since late March, may fall further after a sharp surge in exports from China at lower prices that is seen undercutting exports from India amid weakening global demand. At around Rs 57,000 per tonne, prices of hot-rolled coils in May are down by

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