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Covid second wave to hurt toll road projects' revenue growth in FY22: ICRA


The second wave of the Covid-19 pandemic has adversely impacted the toll collections again.
According to ICRA, despite the lack of a nationwide stringent lockdown or toll suspensions, the regional restrictions imposed in several states, along with the increase in wariness, have negatively affected the movement of peole in the past few weeks.
Road traffic had witnessed a marked improvement in H2 FY2021 after subdued traffic witnessed in the initial months of the last fiscal, post resumption of tolling from April 20, 2020.
Rajeshwar Burla, Co-Group Head & Vice President, Corporate Ratings, ICRA, said, “With continued rise in number of Covid-19 cases in May 2021 and stringent lockdowns imposed by states to contain the infection, the de-growth in the toll collections has been much sharper in May 2021. The toll collections reduced by around 10 per cent in April 2021 over March 2021 and is estimated to decline by 25-30 per cent in May 2021 over April 2021.” ....

Rajeshwar Burla , Group Head Vice , Co Group Head , Vice President , Corporate Ratings , Covid 19 , Toll Collections , Toll Road Projects , ராஜேஸ்வர் பர்லா , குழு தலை துணை , இணை குழு தலை , துணை ப்ரெஸிடெஂட் , பெருநிறுவன ரேடிஂக்ஸ் , சர்வதேச பரவல் , சுங்கவரி வசூல் ,

Toll road projects likely to witness low teen revenue growth: ICRA


Toll road projects likely to witness low teen revenue growth: ICRA
​ By
IANS
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Published on
​ Thu, May 27 2021 16:27 IST
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​ 0 Views
 
Amritsar: Traffic moves smoothly as Goods and Services Tax (GST) came into effect from midnight abolishing Octroi at a tollway plaza near Amritsar on July 1, 2017. . Image Source: IANS News
Mumbai, May 27 : The sudden and severe onset of the second wave of the Covid pandemic, has adversely impacted the toll collections again, and the same are on the downward trajectory.
As per an ICRA note, despite the lack of a nationwide stringent lockdown or toll suspensions, the regional restrictions imposed in several states, along with the increase in wariness, has negatively affected the people movement in the past few weeks. ....

Rajeshwar Burla , Group Head Vice , Co Group Head , Vice President , Corporate Ratings , Andhra Pradesh , ராஜேஸ்வர் பர்லா , குழு தலை துணை , இணை குழு தலை , துணை ப்ரெஸிடெஂட் , பெருநிறுவன ரேடிஂக்ஸ் , ஆந்திரா பிரதேஷ் ,

PLI scheme for solar PV modules, BCD a positive for domestic OEMs: ICRA


May 03, 2021
To support 21 GW modules from over 5 years
The Ministry of New & Renewable Energy guidelines for the Production-Linked Incentive (PLI) scheme is expected to promote the domestic manufacturing of high efficiency solar modules and reduce dependence on imports in the solar power sector.
The benefits available under the PLI scheme along with the imposition of basic customs duty (BCD) on imported solar PV cells and PV modules are likely to improve the cost competitiveness of domestic PV module manufacturers against imported modules by more than 10 per cent at the prevailing imported module prices, under assumption of backward integration up to cells ....

Girishkumar Kadam , Group Head Vice , Ministry Of New Renewable Energy , Renewable Energy , Production Linked Incentive , Co Group Head , Vice President , Sector Head , Assistant Vice President , கிரீஷ்க்கூமார் கடம் , குழு தலை துணை , அமைச்சகம் ஆஃப் புதியது புதுப்பிக்கத்தக்க ஆற்றல் , புதுப்பிக்கத்தக்க ஆற்றல் , ப்ரொடக்ஶந் இணைக்கப்பட்டுள்ளது ஊக்கத்தொகை , இணை குழு தலை , துணை ப்ரெஸிடெஂட் , துறை தலை , உதவியாளர் துணை ப்ரெஸிடெஂட் ,