Road execution to grow 5-8% in FY25: ICRA
The pace of execution in this fiscal will be supported by a healthy pipeline of projects, increased capital outlay by the government and focus on projects completion by the Ministry of Highways.
The pace of execution in this fiscal will be supported by a healthy pipeline of projects, increased capital outlay by the government and focus on projects completion by the Ministry of Highways.
Last week, ICRA and CARE upgraded PNB Housing Finance's long-term ratings, citing its improved asset quality metrics as well as strengthened capitalisation profile.
GVA growth to ease to 6% in Q3 from 7.4% in Q2; ICRA's growth projections lower than RBI’s estimates of 6.5%
The agency projects the rental income for mall operators to increase by 9-10% year-on-year (YoY) in FY24 and a slightly lower 8-9% in FY25.
Growth will be led by demand for elective surgeries, and a higher preference for large hospital players, says ICRA
Around 50% of long-haul trucks sold in India come without cabins.
The optimism is driven by healthy occupancy levels, estimated growth in trading values and rental escalations.
A revival in earnings is expected in line with a pause on interest rate hike by the RBI, which is going to result in the improvement of interest to 4.5-5.0 times in Q3 FY24
The agency points out that in the absence of Cabinet approval of revised project cost, highway contract awards is suffering.
Domestically, growth indicators point towards a steady uptick, though concerns about global growth remain, says SBI Research