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Solar equipment maker CubicPV set to put $350 million into local plant, eyes PLI scheme
indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
Along with PLI scheme, govt should focus more on FTAs, successful implementation of MITRA: CRISIL s Director
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India Inc likely saw 8-10% sequential dip in revenue in Q1FY22
India Inc likely saw 8-10% sequential dip in revenue in Q1FY22
Last Updated: Sat, Jul 10th, 2021, 00:37:00hrs
New Delhi: India Inc is likely to report a sequential decline of 8-10 per cent in revenue at Rs 7.3 lakh crore for the first quarter of this fiscal, Crisil Research said.
The decline has been led by consumer discretionary products such as automobiles, which saw volumes impacted by the lockdowns across states to contain the second wave of Covid-19 infections.
However, Crisil Research said on a yearly basis, the revenue will rise 45-50 per cent on a low base.
India Inc likely saw 8-10% sequential dip in revenue in Q1FY22
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Solar panel prices likely to stay high till next year
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Price of polysilicon, the main raw material used to make solar equipment, has surged by 343% since July 2020 and by 148% since January, industry estimates show.
Agencies
Solar panel prices, which have been rocketing since last year, will continue to soar at least till the second quarter of 2022 due to high input and freight costs as well as supply chain issues in China, domestic and international manufacturers said.
Price of polysilicon, the main raw material used to make solar equipment, has surged by 343% since July 2020 and by 148% since January, industry estimates show.