Infra push to grow PVC pipe biz 10-12% in FY25
PVC pipe makers are expected to incur a capex of ₹5,000 crores over next two years to expand their capacity by 20-25%, as per Crisil report.
PVC pipe makers are expected to incur a capex of ₹5,000 crores over next two years to expand their capacity by 20-25%, as per Crisil report.
The revision in outlook reflects the possibility of better-than-expected business risk profile if the improvement in operating profitability in fiscal 2024
Vedanta’s long-term rating downgraded to 'CRISIL AA-' and revised to 'Watch with Developing Implications'; short-term rating placed on 'Watch Developing'.
The dividend payout by Vedanta for fiscal 2023 will be more than ₹40,000 crore, including the recent dividend announced by Hindustan Zinc, says Crisil.
In the next fiscal, the traffic growth is expected to taper to 4% to 6% but will remain higher than the four-year compound annual growth rate (CAGR) of 2% to 3% seen through fiscal 2022.
Housing finance companies could keep losing market share to banks amid intense competition on interest rates, says CRISIL.
Continued surge in the price of gas has necessitated further subsidy, says Crisil.
The rating agency cited stronger-than-expected EBITDA driven by elevated commodity prices during FY22 for the rating upgrade.