Updates
Closure of Trading Window28-12-2017
Petcoke issues could nudge cement firms towards coal
Although petcoke continues to remain the preferred fuel of cement companies despite the recent import duty hike, the uncertainties around it could impel a movement back towards coal.However, a substantial shift would need assured supply linkage from the near-monopolist home supplier, government-owned Coal India.Cement companies had traditionally relied on coal but had begun a shift to use of petcoke over the past 10 years, as it was cost-effective. "Petcoke usually has higher calorific value and makes more economic sense to end-users," says Deepak Kannan, managing editor of Asia Thermal Coal at S&P Global Platts, the energy sector tracking entity. The price of petcoke import on delivery at the east coast had surged in September, before losing gains and moving down. An analyst with ratings agency ICRA thinks a further 12-15 per cent increase in global petcoke prices will lead to cement makers shifting their production line towards coal. Thermal coal also attracts a six per cent...28-12-2017
Non-ferrous metal prices to remain firm next quarter: ICRA
The international non-ferrous metal prices had have jumped by 24-35 per cent in the last one year.26-12-2017
Press Release / Media Release
Launch of new product by ICRA Management Consulting Services Limited ("IMaCS"), a wholly owned subsidiary of ICRA Limited21-12-2017
ICRA launches fixed income indices for debt markets
With an aim to create more depth in the Indian debt market, ICRA Management Consulting Services (IMaCS), an arm of ICRA, on Tuesday launched a set of four fixed income indices including one on...19-12-2017
Domestic airlines to trim losses by up to 90% this fiscal: ICRA
The study said, the domestic travel demand moderated to 16.3 per cent in the April-September period after having grown at above 20 per cent over the last two years06-12-2017
Cement demand to witness modest growth in FY'18: ICRA
Domestic cement demand is expected to register a modest growth of one per cent in 2017-18 fiscal driven by pick-up in affordable and rural housing and road and irrigation projects, rating agency...04-12-2017
Green-shoots of recovery seen in infrastructure sector: ICRA
Financial profile of firms in airport, highway sectors shows improvement13-11-2017
Indian logistics sector to grow by 910% per annum: ICRA
Terming the outlook for logistics companies as positive in the medium term, rating agency ICRA today said India's logistics sector is likely to grow by about 10 per cent annually.With a gradual...06-11-2017