With softer gas prices propping up CNG and piped cooking gas consumption, city gas distribution (CGD) entities will continue to see robust margins but any adverse change in the policy of gas allocation is a key risk for the industry’s profitability, ratings agency ICRA said.
The recent decision of the ministry of power to procure 2.5 GW from operational coal- based power projects through reverse auction will give some relief to the already stressed thermal assets, a report said.
Ratings agency ICRA has placed ratings of six mutual fund schemes from three fund houses — HDFC, UTI and Aditya Birla — under watch with negative implications due to their exposures to special purpose vehicles (SPVs)
Mining and quarrying GVA (gross value added) is expected to ease to two per cent in FY19, down from 2.9 per cent in the previous financial year, according to ratings agency Icra.
Rating agency ICRA has announced it will maintain a stable year-end outlook for two major infrastructure sectors — roads and power.
ICRA has estimated a healthy 6% demand growth for the power sector during FY2019 and has maintained a stable outlook for the segment. This coupled with the slowdown in addition of new capacity and slow progress in resolution
Terming rebound in coal volumes and steady progress on the Sagarmala project positive for Indian port sector players in the medium term, rating agency ICRA maintained stable year-end outlook for the port sector.
Wind energy sector’s capacity addition will improve in near term, while the bid power tariffs in the recent wind power auctions inched upwards, an ICRA report said Wednesday.
Rating agency ICRA today said electricity demand growth remains strong in July 2018 at 7.4 per cent but thermal plant load factor moderated by pick up in generation from wind and hydro sources.
In spite of corporates witnessing a healthy 22 per cent revenue growth in the June quarter, most have seen flat margins, with airline and cement companies seeing declining margins due to rising input costs and crude prices, says a report.