Basmati rice exports to grow strong in FY2018 : ICRA
Indian basmati rice exports have witnessed strong revival in the current fiscal with 22% growth in value in first nine months of FY2018 over the previous fiscal.20-03-2018
20-03-2018
Lack of rail rakes, higher diesel prices to weigh on cement margins
Despite the projection of an increase in cement prices over the next few months, the profitability of producers might stay under stress, with diesel prices projected to remain firm and lack of railway rakes to carry the finished product. Also, higher cost.According to ratings agency ICRA, diesel prices last month stood at Rs 61.8 a litre in Delhi. In the December quarter, it was about Rs 58 a litre."On a sequential basis, it is a three per cent increase, while on a year-on-year basis, the increase is seven per cent. Looking at the current trend, diesel prices will continue to remain firm, which might affect profitability," said Sabyasachi Majumdar, senior vice-president at ICRA. However, analysts think cement prices are also expected to rise, relieving the stress at companies. "Last year's base, on account of demonetisation, is low. In a year-on-year comparison, prices are expected to firm up more," a sector expert said.In the December quarter, on a sequential basis, UltraTech Cement .14-03-2018
Commercial mining likely to replace coal import market: Icra report
The recent bidding guidelines forcommercial coal mining is likely to throw open a market for importsubstitution. A report from ICRA says the absence of end-use condition in the guidelinesis a significant positive for commercial miners, who were not eligible toparticipate in the previous coal mine auctions conducted during 2015. "The potential market opportunity forprivate commercial miners would include the partial substitution of India's 160million tonne per annum (mtpa) thermal coal imports, getting a share of the 100mtpa e-auction market, and meeting a part of the 165 mtpa incremental domesticcoal demand to be created in the next five years," said ICRA in its latestreport. The report noted that India's coaldemand-supply balance remains tilted in favour of coal imports as theproduction by Coal India Limited remains short of meeting India's coal demand,especially with respect to coking coal and higher grade thermal coal/washedcoal. As against a compounded annual growth rateof 5.6% .09-03-2018
No double digit growth for Indian IT services firms for next 3 yrs: Report
According to a report by credit rating agency ICRA, Indian IT services companies are expected to register a compounded annual growth rate (CAGR) of mid-to-high single digits for the period FY2017-202008-03-2018
ICRA ups FY18 revenue growth estimate for auto component industry
Ratings agency ICRA has revised upward its revenue growth for the domestic auto component industry to an expected 13-15 per cent from earlier estimate of 9-11 per cent for the current fiscal on t02-03-2018
Cement demand to see 4.5% growth in FY'19
Cement demand in India is likely to grow about 4.5 per cent in 2018-19 on the back of a pick-up in the housing segment, and a higher infrastructure spend, rating agency ICRA said today. Domestic27-02-2018
Announcement under Regulation 30 (LODR)-Newspaper Publication
Copies of the extracts of unaudited Financial Results (Standalone & Consolidated) of ICRA Limited for the third quarter and nine months ended December 31, 201709-02-2018
Announcement under Regulation 30 (LODR)-Updates
Revised Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information08-02-2018
Press Release / Media Release
Unaudited financial results for the third quarter and nine months ended December 31, 201707-02-2018