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Home textile exporters to clock 20 pc growth: ICRA

Home textile exporters to clock 20 pc growth: ICRA
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India's long steel makers to witness better margins and higher capacity utilisation in H2 of FY 22: ICRA

“Following years of anaemic long-steel product demand, ICRA expects this construction activity to revive demand strongly, lifting the fortunes of large and small manufacturers alike,” said the rating agency in a report on Tuesday. ....

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Build India to drive mining, construction equipment demand in 2021, says ICRA

Build India to drive mining, construction equipment demand in 2021, says ICRA
May 11, 2021
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Strong construction activity in ports, metros, and airports could aid demand though there might be delinquencies due to the pandemic
Following a 10-12 per cent contraction in CY2020, dragged down primarily by the 39 per cent decline in H1 CY2020, the mining and construction equipment (MCE) industry is poised to grow by 15-20 per cent in CY2021 (5-10 per cent in FY2022).
Continuing the 23 per cent recovery in demand in H2 CY2020, Q1 CY2021 is estimated to have reported a strong equipment demand growth of 45-50 per cent. However, an economy in the grip of a pandemic could throw up sudden negative surprises, as witnessed in April 21, when demand was relatively subdued. ....

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Mining, construction equipment industry may grow by 15-20% in 2021: ICRA

ICRA on Wednesday said the mining and construction equipment industry is likely to grow by 15-20 per cent in the calendar year 2021 but stressed that the economy, in the grip of a pandemic, could throw up sudden negative surprises.
The first quarter of 2021 is estimated to have reported a strong equipment demand growth of 45-50 per cent, ICRA said in a statement.
Following a 10-12 per cent contraction in CY2020, dragged down primarily by the 39 per cent decline in H1 CY2020, the mining and construction equipment (MCE) industry is poised to grow by 15-20 per cent in CY2021 (5-10% in FY2022), it said. ....

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Higher infra spend ups 'Construction Equipment' volumes

Higher infra spend ups Construction Equipment volumes
By
IANS
|
Published on
Sat, Mar 6 2021 12:36 IST
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Road construction.. Image Source: IANS News
New Delhi, March 6 : Heightened focus on infrastructure spend, particularly in the road infrastructure segment has led to a sharp scale up in Construction Equipment volumes since July 2020, said ratings agency ICRA.
Accordingly, the agency revised its outlook on the CE sector to Stable from Negative following a strong ramp up in volumes.
ICRA cited heightened focus on infrastructure spend, particularly in the road infrastructure segment has led to a sharp scale up in volumes since July 2020.
As per the agency, factors such as sharp increase in the awarding and execution pace of road construction; increased focus on rural infrastructure; strong rural volume off-take for equipment on the back of second consecutive good monsoon; improving demand from railway ....

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