Outcome of Board Meeting of Subsidiary - ICRA Techno Analytics Limited
ICRA Ltd has informed BSE that the Board of Directors of ICRA Techno Analytics Limited, a wholly owned subsidiary of ICRA Limited, in its meeting held on June 13, 2016 approved the payment of Interim Dividend of Rs. 4.50 per equity share of face value of Rs. 10 each, for the financial year ending March 31, 2017. Dividend payout including dividend distribution tax was amounting to Rs. 11.62 crore. Company news
Sanghi Industries has informed the exchanges that ICRA has assigned the long-term rating of (ICRA) BBB to the 155-crore fund based facilities of the company. The outlook on the long-term rating is s... Ramco Cements' long-term rating gets a lift from ICRA
Grading reflects consistent improvement in operational, financial performance Rising prices, falling inventory will boost sugar companies' profits: ICRA
Ethanol blending programme, removal of excise duty will provide an impetus' Profitability of sugar mills to remain better this year: ICRA
The domestic sugar production at around 25.2 million metric tonnes during the sugar year 2016 Exemption from Dividend Distribution Tax will improve potential returns for investors, make Infrastructure Investment Trusts attractive
Rohit Inamdar, senior vice president at ICRA said exemption of Dividend Distribution Tax holds greater significance in case of InvITs as an InvIT would own such assets through SPVs. India's international air traffic logs CAGR of 10.5%: ICRA
ICRA also said that with new carriers expected to enter the market, the competitive intensity in the domestic aviation industry is likely to increase further. Only 5% tariff hike allowed by state power regulators in 16 states
KOLKATA: ICRA says average power tariff hike in 16 states has been a modest 5% only against proposed revisions ranging between 5% and 33%. Rest of the states have not declared revised tariffs for the year yet. State Electricity Regulatory Commissions have made a modest progress in issuing tariff orders for the year. However, ICRA notes that distribution utilities in large states like Rajasthan, Tamil Nadu and West Bengal are yet to file tariff petitions for FY2017, let alone secure issuance of tariff orders. Rajasthan and Tamil Nadu have substantial revenue gap and accumulated debt levels. Sabyasachi Majumdar, senior vice president at ICRA Ratings said: "We believe that this delay in tariff filings and issuance process may not be due to lack of willingness on part of the key stakeholders to address issues arising out of tariff-related issues. The delay can be attributed to the proposed implementation of UDAY, which resulted in some uncertainty about quantifying the impact of the scheme on the cost structures of power distribution companies and hence on tariff requirements. "In addition, the recently held assembly elections could also have led to delays in the tariff determination process for FY2017 in the states like Assam, Kerala, Tamil Nadu and West Bengal," he said. According to ICRA, lower hikes by the regulators can be attributed to factors such as allowable fixed costs being lower than projected level, power purchases allowed in line with approved aggregate technical and commercial loss reduction trajectory and allowed true-up expenses for the past period being lower against the... Updates
ICRA Ltd has informed BSE about Declaration under Regulation 33(3)(d) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
ICRA forecasts 16.6% growth in non-aeronautical revenues of airports by 2025
Some of the common non-aeronautical activities include food and beverage business, duty-free shops, leasing of terminal space, and running car rentals/parking and hotels/motels.