The revised estimate of 9,000-9,500 km, down from an earlier forecast of 9,500-10,000 km, reflects the impact of an extended monsoon and slower project awarding across FY2024 and FY2025. India’s road construction activity is projected to slow sharply in FY2026, with the Ministry of Road Transport and Highways (MoRTH) expected to execute just 9,000-9,500 km,...
Tag: Icra
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NHAI May Raise Up to ₹400 Billion in FY2026 via TOT and InvIT Monetisation, Surpassing Budget Target: ICRA
If realised, the estimated ₹350-400 billion would not only eclipse the ₹243.99 billion raised in FY2025, but also outpace the ₹300 billion monetisation target set for FY2026. The National Highways Authority of India (NHAI) could potentially raise between ₹350 billion and ₹400 billion in FY2026 through timely monetisation of identified road assets, according to ratings...
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ICRA Keeps Power Distribution Sector on Negative Watch as Discom Debt Mounts
The rating agency further expects the Supreme Court’s recent directive for all state electricity regulatory commissions to liquidate legacy regulatory assets will trigger steep tariff hikes across several states, necessitating state government support for effective implementation. Rating agency ICRA has retained a negative outlook on India’s power distribution sector, citing weak operational efficiencies, inadequate tariff...
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Domestic aluminum players need to invest to meet net0 target
Domestic aluminum players need to invest to meet net zero target: ICRA
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Outlook on toll roads businesses looks positive
Toll collections to increase by 17-20% in FY2023
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Major Port Authorities Act to Decentralise Decision-Making
The Major Port Authorities Act, 2020, is aimed at decentralising decision-making and infusing professionalism in the governance of 13 major ports. The act seeks to impart faster and transparent decision-making to benefit stakeholders and improve project execution capabilities by reorienting the governance model in central ports to the landlord port model in line with the...
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Government sanctions Rs 118 bn for IndiaÂ’s rooftop solar mission
The government has approved phase-II of rooftop solar programme with a funding outlay of Rs 118.14 billion for achieving the 40 GW rooftop solar capacity target by FY2022.
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Indian governmentÂ’s Rs 344 bn bonanza for solar sector
The Government of India has approved the launch of KUSUM (Kisan Urja Suraksha evam Utthaan Mahabhiyan) scheme, to promote the use of solar powered agriculture pumps by farmers and installation of small renewable power plants (500 KW to 2 MW) by farmers/cooperatives/panchayats on their lands, with a funding support of Rs 344.22 billion.
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Opportunity Foreseen, Albeit Challenges
The metro rail network in India has sharply expanded over the last decade from about 116 km of operational and under implementation network in 2006 to about 425 km of operational and 700 km of under implementation rail network in the country.
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Opportunities galore, but targets ambitious
With an estimated average spend of upwards of Rs 1 trillion per annum (excluding land cost), the order book additions will remain healthy for both, large and mid-sized road contractors over the next four to five years.