Page 13 - Crisil News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Stay updated with breaking news from Crisil. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Top News In Crisil Today - Breaking & Trending Today
Agricultural (agri) pump makers will see healthy revenue growth of 7-9% in fiscal 2025, supported by resilient domestic demand for conventional pumps and a surge in offtake of solar pumps, largely under the PM Kusum Scheme, according to CRISIL Ratings. This will follow a likely revenue growth of 8-10% in the current fiscal. ....
The sector is dominated by conventional pumps (grid-connected and diesel pumps) which have ~90% share, with the remaining comprising solar pumps. Demand for agri pumps is largely resilient — a ‘good monsoon drives up farm incomes and pump purchases, buoyed by healthy kharif crops, while a ‘deficient monsoon necessitates the usage of pumps to irrigate rabi crops. ....
Crude price, which averaged at USD 55 a barrel between fiscals 2016 and 2021, increased to USD 86 a barrel on average since fiscal 2022. Higher crude prices have, in turn, incentivised increased capex in offshore exploration and production activities, driving up demand for offshore rigs. ....
Crude price, which averaged at USD 55 a barrel between fiscals 2016 and 2021, increased to USD 86 a barrel on average since fiscal 2022. Higher crude prices have, in turn, incentivised increased capex in offshore exploration and production activities, driving up demand for offshore rigs. ....