Page 13 - Crisil Report

Draft open access norms can be tailwind for new renewable projects: CRISIL

Draft open access norms circulated by Ministry of Power can be a tailwind for new renewable energy projects in the country, CRISIL said on Thursday. "The Draft Electricity (promoting renewable energy through Green Energy Open Access) Rules, 2021, announced by the Ministry of Power, if implemented as is, could improve the certainty of cash flows for new renewable energy projects coming up through this route," it said. In India, power distribution happens through three modes state distribution companies, captive sources and open access. Under the open access route, which had a total installed capacity of 11 GW as on March 31, 2021, renewable power producers sell electricity directly to commercial and industrial (C&I) consumers. These consumers pay open access charges to state distribution companies (discoms). Such open access projects are hobbled by state-level policy changes that make returns uncertain, it pointed out. The draft rules aim to provide clarity on such open access ...

Spurt in outsourcing, digital deals to drive IT sector rebound: Crisil

The 100 billion dollar information technology services sector will stage a strong recovery this fiscal with revenue growth of 10 to 11 per cent, according to Crisil Ratings

Asset monetisation to gather pace in road sector, says Crisil

The rating agency said the asset monetisation potential is supported by healthy investor interest either through investment at asset level, or infrastructure investment trusts (InvITs).

Bicycle demand growth pedalling to decadal high of 20%, says Crisil

The ongoing Covid-19 pandemic has spurred demand for bicycles

Autocomp sector set for a rebound after two tough fiscals, says Crisil

The automotive components sector will see revenue rebound 21 to 23 per cent next fiscal: Crisil

7 GW of unsigned power supply agreements pose risk to RE targets: Crisil

Delays in power supply agreements (PSAs) for 7 GW of the bid out renewable energy projects is one of the main reasons that may lead to 35 per cent shortfall in 160 GW renewable energy capacity target

Over 300 pharma, healthcare companies eligible for new Covid loans: Crisil

Hospitals to gain most with up to 3.5% dip on cost of funds; may add half a million beds, says rating agency

Covid-19 surge may hit securitisation in the near term, says Crisil

FY21 volumes below Rs 1 trn as against Rs 1.9 trn in FY20

Bank credit to grow 10% in FY22 on GDP expansion, policy measures: Crisil

NBFCs focused on gold loans and mortgages will be the least affected by the setbacks, Crisil report said

Covid-19 second wave to hit Gems and Jewellery; auto dealers: Crisil

Six of 42 sectors covered by study are highly sensitive to a pandemic resurgence, while 20 are moderately sensitive

Revenue growth of brokerages likely to moderate in next fiscal: Crisil

Broking industry revenue growth to moderate in FY22, rise in volatility and regulatory changes could weigh on volumes

Cement industry expected to grow 13% by volume in FY22: Crisil Ratings

The cement industry is set to hit a decadal high volume growth of 13 per cent in the next fiscal

Mutual funds' assets touch record high, says Crisil report

Mutual fund assets bounced back from the decline witnessed in January

PLI to drive capex in industrial sectors by 40-45 % in FY22: CRISIL report

India's GDP growth to be at 11 per cent in fiscal 2022, says report predicting two-phase economic recovery

Office space absorption to grow 12-18% next fiscal : Crisil

Net leasing of commercial office space across the country will grow 12-18 per cent to 25-30 million square feet (msf) next fiscal, a CRISIL analysis showed

Indian corporate bond market can double March 2025 : Crisil

The supply of corporate bonds in the domestic market is expected to double by fiscal 2025 with the financial sector contributing around 50 per cent to this growth, Crisil said

Indian media, entertainment to see 27% revenue growth in FY22: Crisil

Indian media and entertainment (M&E) sector is expected to witness a strong 27 per cent growth in revenue to around Rs 1.37 lakh crore in 2021-22, after contracting 26 per cent this fiscal, according to ratings agency Crisil. Segments such as digital and television (TV) will have relatively shorter time to bounce-back to pre-pandemic levels while print, films, outdoor, and radio would take longer. Crisil Ratings Ltd Director Nitesh Jain said advertisement and subscription revenues contribute nearly equally to the overall M&E sector's topline, but since the former correlates strongly with economic growth, the pandemic has had a bigger impact on it. "Next fiscal, with strong economic rebound on the cards, ad revenue should grow 31 per cent on-year and subscription revenue around 24 per cent," Jain added. The TV segment contributing around half of the sector's topline has recovered fully and will report healthy growth next fiscal. Ad revenue saw a sharp contraction initially, ..

Export subsidy to expand margins of sugar mills, says Crisil

The Centre's export subsidy for the October-September sugar season 2020-21 (SS21) will help sustain the commodity's exports at almost last year's level, Crisil said

ECLGS 2.0 'more than enough' to stabilise covid-hit firms: CRISIL

The KV Kamath committee to finalise financial parameters for restructuring of companies hit by the pandemic had identified 26 sectors.

Plunge in Q2 auto sales washes out Q1 gains in rural markets, says Crisil

In the second quarter, the pandemic penetrated deeper into the hinterland, and the share of fresh rural cases more than doubled to 38 per cent by September