Shri Sipan Kumar Garg, CMD & Director (Finance), THDC India Limited congratulated the entire THDCIL team and stated that the credit rating upgrade reflects the Company’s strengthening financial progress and disciplined strategic execution.
India’s economic growth is expected to ease marginally in the September quarter, with rating agency ICRA projecting GDP expansion at 7 per cent for Q2 FY2026, down from 7.8 per cent in Q1, according to its latest assessment.
Icra, in its note, projected the year-on-year (YoY) expansion of the GDP to rise to 6.9 per cent in Q4 FY 2025, from 6.2 per cent in Q3 FY 2025, significantly undershooting the NSO implicit estimate of 7.6 per cent for the quarter.
Ratings agency ICRA Limited has downgraded the debt rating of Ola Electric Mobility Limited's automotive unit due to slower-than-expected sales and a challenging road to profitability.
India’s aviation sector reflects a stable outlook with domestic air passenger traffic recording a double-digit growth of 11.04 per cent in February this year compared to the same month of the previous year, official data showed.
Indian apparel exporters will register a 9-11 per cent revenue expansion in FY2025, the independent and professional investment information and credit rating agency, ICRA said on Monday.
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.
