The company added that cement remains its core business, while entry into wires and cables is an adjacencies play
Indeed, as margins shrink, the smaller players are exiting, leading to market consolidation
In a statement, ICRA said the recovery in the operating profit margins (OPM) for India Inc witnessed over the past quarter is likely to be sustained at 18.2-18.4 per cent
Epigral reported a little over 37 per cent jump in consolidated revenue to Rs 1,934.31 crore in the first nine months of 2024-25 compared to Rs 1,409.55 crore in the year-ago period
The budget, tabled before the West Bengal assembly on Wednesday, proposed significant cash dole-outs under the revenue expenditure head
Seth explains the rationale and the Budget fine print
The government had set a Budget Estimate (BE) for capex at Rs 11.11 trillion for FY25, against which it is expected to miss the target by Rs 93,000 crore
Infrastructure index reversed gains following the budget presentation, and was last down 1.1 per cent. L&T's shares fell nearly 5 per cent, marking their sharpest one-day fall in more than 3 months
India's Union Budget for FY26 has set total government expenditure at ₹50.65 trillion, marking an increase from ₹47.16 trillion in the revised estimates for 2024-25
The RBI's report on private investments highlighted that investment intentions increased to Rs 2.45 lakh crore for FY25, compared to Rs 1.6 lakh crore for FY24
Economic Survey 2025: Government capex on key infrastructure has grown by 38.8% over the past five years
NMDC unveiled the plan at a vendor meet in Hyderabad on Tuesday. The company aims to bolster its production capacity to 100 million tonnes per annum
In the first nine months of the fiscal, the steel major had incurred capex spending of Rs 6200 crore
The company's commercial vehicle (CV) division is working on a variety of technologies ranging from alternate fuel to zero emission battery electric, fuel cell electric and hydrogen ICE
The eminent economist noted that sustaining infrastructure expenditure and building it further would be very helpful
FinMin has parked Rs 62K cr towards "new schemes" with the DEA, most of which is expected to go unspent with only two and half months left in FY25
"A higher amount is being devolved this month to enable states to accelerate capital spending and finance their development and welfare-related expenditures," the finance ministry said in a statement
Amid multiple headwinds and weak macroeconomic and microeconomic conditions, a sustained easing of banking system liquidity is necessary, the agency added
Rural spending may drive consumption growth, while capex may moderate amid fiscal constraints
The monthly average price for December 2023 was Rs 55,000 per tonne while for December 2024, it stood at Rs 46,900 per tonne