Non ferrous metal prices to hold steady in FY18: ICRA
Non ferrous metal prices are expected to hold steady at higher levels during the rest of this financial year, ICRA said in a report here. The non ferrous metal prices are currently buoyant after... Private banks' market share in loans likely to rise to 40% by FY20: ICRA
In FY17, it was 27.5%; hit by asset quality issues, public sector banks have tightened lending, says rating agency Profitability of steel mills may improve in near term: ICRA
Domestic steel prices have registered a healthy growth of 14 per cent during the last three months due to a sharp recovery in international steel prices and improvement in local demand growth Surge in spot power prices unlikely to be sustained: ICRA
The recent rise in spot energy tariff is unlikely to be sustained amid available surplus thermal capacity, rating agency ICRA said today.The current increase in spot prices has been driven by a... Monetisation of 75 projects via TOT to fetch Rs 35,600cr: ICRA
The rating agency said the concession period for the TOT projects is expected to be 30 years, with permissible debt up to 80 per cent of the concession fee. No impact of raw sugar import on prices, says ICRA
The government had earlier announced a hike in the import duty during July 2017 from 40% to 50% in order to curb dumping of sugar in India. New solar bidding guidelines will boost investors' morale: Icra
Rating agency ICRA says the recent guidelines for solar energy bids, introduced by the ministry of new and renewable energy, is a positive development for the sector. These address, it says, some key concerns. Such as on offtaker credit profile, grid curtailment and termination payments. Also, the procurer may choose to provide a state government guarantee in a legally enforceable form, for payment of energy charges and termination compensation.The guidelines provide for compensation to solar power generators in case of offtake constraints, including delay from the side of the government or procurer. Tamil Nadu and Rajasthan are among the states which have resorted to grid curtailment for renewable energy. Unlike conventional power, there is a single-part rate structure in renewable ebergy projects; hence, cash flows and debt serviceability is directly linked to actualgeneration and offtake by procurers. Sabyasachi Majumdar, senior vice-president at ICRA, said barring the Rewa Solar .. Domestic air passenger traffic up 20% to 18.9 mn in June: ICRA
Growth remained broad-based with 18 out of top 20 airports exhibiting double-digit Y-o-Y increase Bad loans of 41 banks may surge to 9 lakh cr by March, says ICRA
Credit rating agency pegs fresh slippages this fiscal at 3 lakh crore Repayment concern looms in loan against property market, says ICRA
Lending spreads have shrunk by 175200 bps from peak levels due to steep competition and general lowering trend of interest rates.