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ICRA forecasts 9% growth in non-ferrous metals in next 2 FYs

The ratings agency also highlighted the challenges faced by the industry, including pressure on profit margins due to a weak global environment.Read more

Cement Industry invests Rs 5,500 cr in Green Power for 537MW capacity boost

In an effort to reduce emissions by 15-17% over the next 8-10 years, major cement players in the country are increasing their utilisation of blended cement, which incorporates less clinker and therefore requires less fuel.Read more

ICRA Reports: Regulatory changes may raise commercial vehicle prices by 10-12%

ICRA emphasized that the commercial vehicle (CV) sector within the Indian automotive industry is of particular concern, as it contributes significantly to vehicular emissions in the country.Read more

India’s GDP grows 1.6% in Q4 2020-21 aided by manufacturing push

For the entire financial year 2020-21, the GDP contracted 7.3 per cent — a record low. In January-March last year, the economy had grown 3 per cent.Read more

Indian logistics sector has witnessed a significant sequential recovery: ICRA

Logistics companies have also managed to arrest extent of earnings contraction through adoption of cost control measures, freight rate hikes etc. The recovery has also been visible across other modes of transportation as well - rail freight traffic and port freight volumes have both reported growth, although the latter at a slower pace than other modes.Read more

Ministry of Shipping unveils a dispute resolution mechanism SAROD-Ports

The initiative is targeted towards attracting more private sector investments and should be favourable for the sector if it is able to resolve disputes at low costs and in a time bound manner.Read more

Domestic steel makers struggle with sluggish demand growth: ICRA

Profitability may recover somewhat in Q3, with a sharp fall in coking coal prices in August 2019 and expectation of better demand from the construction sector during that quarter.Read more

Privatisation of coal mining to boost production

India’s coal demand-supply balance still remains tilted in favour of coal imports as the state-run miners, Coal India and the Singareni Collieries Company have been unable to entirely meet India’s coal demand, especially for higher grade thermal coal/washed coal and coking coal. The country’s coal imports remain high, accounting for around 24 per cent of the present domestic demand. Read more

Where is global metals market heading to in 2018?

The global economy is doing well. Growth already beat expectations in 2017 and the global economy will continue to quicken in 2018. This sets the stage for a further strengthening of the - highly cyclical - industrial metal prices. Many economies in Asia (notably China) are settling into a more stable economic growth trend.Read more

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