The share of renewable energy, including hydro, in the country’s power generation is projected to rise to 35 per cent by FY30, up from 21 per cent in FY24, a report showed on Friday.
Riding on the government’s big infrastructure drive, the construction sector in the country is estimated to grow 12-15 per cent in FY25, a report said on Wednesday.
ICRA said that the domestic steel consumption between February and April 2024 registered a growth of 11.3%. While government capex spending was healthy until February 2024, other steel-consuming sectors like housing/real estate contributed to the resilient demand after that, it said.
The company has a current installed capacity of around 6 MW with more than 500 charge points under construction.
In the March quarter of 2022-23 fiscal, the country’s GDP expanded 6.1 per cent, as per May 31, 2023 estimates. The growth for full fiscal 2022-23 was 7 per cent.
Furthermore, escalation in the Iran-Israel conflict could exert upward pressure on the value of imports, it added.
The interest coverage ratio is calculated by dividing a company's earnings before interest and taxes (EBIT) by its interest expense during a given period.
Combined capital expenditure of a sample of 13 major state governments is expected to grow 29% year-on-year to Rs 6.2 trillion in FY2024 compared to Rs 4.8 trillion in FY23, it said.
During the financial year 2022-23, the domestic road logistics sector's growth is anticipated to continue due to the rapid expansion of business activities along with the support of robust growth in 2021-22 (FY22), said rating agency Icra recently. A growth rate of 7-9 per cent during FY23 over FY22 was estimated by rating agency Icra.
ICRA said that home-buyers have been leaning towards completed inventory and towards developers with an established track record of on-time
