The telecom sector´s contribution towards non-tax revenues of the Indian government in the current fiscal is likely to be the highest in the past five years due to the mega spectrum auction, which is likely to take place in September this year, ICRA said.
Tag: Icra
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Smaller ports hit as vols dip; major ports sail on efficiency
In a reversal of trend, the major ports in the country have outpaced the non-major ones in cargo growth during the first six months of the current fiscal year.
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ICRA sees NPAs soaring by up to 5.9% in FY16
Domestic rating agency ICRA said gross non-performing assets (NPAs) in the system might jump to 5.9 per cent this financial year
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Hybrid annuity model for PPP projects
The hybrid annuity model announced by the Government that proposes to reduce risks in public private partnership format is likely to provide impetus for the next wave of PPP road projects, said ICRA.
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Imported coal to play major role
Lesser allocation of mines to steel, cement and captive power plants in the coal blocks auction may increase their dependence on costlier imported fuel, says rating agency ICRA.
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Power transmission loss totals 27%
The average all-India loss levels of power transmission in FY13 were in the range of 27 per cent, according to a recent report by ICRA.
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Coal imports set to rise by 20%
According to ICRA estimates, India´s coal import is set to go up significantly in the next financial year.
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ICRA sees subdued outlook for oil refining sector
Rating agency ICRA reported a subdued outlook for oil refiners in the near term due to global capacity additions outstripping demand growth. The agency expects oil marketing companies to close the current fiscal year with high gross under-recoveries on account of high crude prices and a weakness in the rupee against dollar in the earlier part of FY14.
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Cargo throughput up by 2.59% to 277 mt
In India's major ports the cargo throughput grew 2.59 per cent to 277 million tonne (mt) in first half of the present financial thanks to the growth at Ennore, Paradip and New Mangalore, said the agency Icra on December 11. Coal imports, petroleum oil and lubricants (POL), and fertilisers drove the volume growth, while iron ore and container volume dragged the overall growth, Icra said.
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Cargo demands to persist in ports: ICRA
Due to sluggish progress in iron ore and container volumes, cargo pressure will persist at major ports, said rating agency ICRA. Iron ore has been the main laggard in the first 5 months (April-August) of this fiscal year, ICRA said.