ICRA.NSE News

In FY27, India's cement sector anticipates a robust growth trajectory of 7-8%, fueled primarily by the boom in housing and infrastructure development. Yet, the rising tides of fuel and freight expenses pose a financial challenge, likely impacting operating profits per tonne. Companies may attempt to adjust pricing strategies, though significant increases might be surprising.

The prices of sugar globally have declined sharply amid surplus supply from Brazil, even as the outlook for the Indian sugar sector remains stable, according to a report by ICRA Limited.

US tariff reductions are boosting Indian apparel exports. The outlook for this sector has improved to stable. However, the cut and polished diamonds industry faces ongoing challenges. Natural diamond exports are expected to grow in the coming year. Broader trade agreements are anticipated to strengthen India's manufacturing exports over time. Indian companies are also looking to diversify their export markets.

Mr. Prashant Vasisht, Senior Vice President and Co-Group Head, Corporate Ratings, ICRA Ltd. “The announcement of US-India trade deal reportedly includes removing the 25% penal tariffs on India, with the latter agreeing to stop purchase [...] The post US-India Trade Deal Seen as Neutral to Positive for Indian Refiners: ICRA appeared first on Business News This Week .

New Delhi: India’s eight key infrastructure sectors registered a four-month high growth rate of 3.7 per cent in December last year, driven by a jump in the output of fertiliser and cement, according to official data released on Tuesday. However, the performance of these eight sectors slowed on a year-on-year basis, the data showed. In December 2024, the sectors’ output grew by 5.1 per cent. It was 2.1 per cent in November last year. Crude oil, natural gas, and refinery products’ production have recorded a negative growth during the month under review. Fertiliser and cement output grew by 4.1 per cent and 13.5 per cent, respectively. The growth rate in the output of coal, steel, and electricity moderated to 3.6 per cent, 6.9 per cent, and 5.3 per cent in December 2025. Power generation, however, recorded a sequential jump in output, as it had contracted by 1.5 per cent in November. During the April-December period of this fiscal, the output of these sectors grew by 2.6 per cent against 4.5 per cent recorded during the corresponding period of the previous fiscal.

New Delhi [India], December 15 (ANI): India's external trade performance showed marked improvement in November 2025, with exports rebounding strongly and the merchandise trade deficit narrowing to a five-month low, reflecting easing import pressures and resilient overseas demand. According to Aditi Nayar, Chief Economist, ICRA Ltd, 'Following supply normalisation after the holidays and decreased demand post the f

New Delhi, Nov 25 : The electricity demand is set to grow 1.5–2 per cent in FY26 down from the earlier estimate of 4–4.5 per cent, due to early monsoon and high base effect, a report said on Tuesday. The forecast from the ratings agency ICRA also cited that India doubled its power capacity addition in H1 FY25 to 25.7 GW, led by renewables, and is on track for 45-50 GW this fiscal year. India’s electricity demand fell by 3 per cent YoY in the first 10 days of November 2025, according to Power System Operation Corporation (POSOCO) data. "The early and prolonged monsoon and high base effect have kept demand growth muted throughout FY2026, with overall flat growth for the first seven months. Reflecting this slowdown, the full-year demand growth forecast has been revised, with expectations of some seasonal recovery during winter," said Ankit Jain, Vice President & Co Group Head - Corporate Ratings, ICRA Ltd. The growth in India's power capacity addition was primarily driven by the renewable energy (RE) segment, supported by developers rushing to commission projects before the expiry of the complete waiver on transmission charges on June 30, 2025.

NEW DELHI: Indian refiners are poised to sharply curtail imports of Russian oil to comply with new U.S. sanctions on two top Russian producers, industry sources said on Thursday, potentially removing a major hurdle to a trade deal with the United States. The change comes as India faces punishing 50% tariffs on its exports to the U.S. - with half of those duties in retaliation for Russian oil purchases - and negotiates a potential trade deal that could bring those tariffs in line with Asian peers in exchange for winding down crude imports from Moscow. India has emerged as the biggest buyer of discounted seaborne Russian crude in the aftermath of Moscow’s 2022 full-scale invasion of Ukraine, importing about 1.7 million barrels per day in the first nine months of this year. The U.S. sanctions target Lukoil and Rosneft Russia’s two biggest oil producers. Privately-owned Reliance Industries the top Indian buyer of Russian crude, plans to reduce or cease imports of Russian oil, including halting purchases under its large long-term deal with Rosneft, people familiar with the matter said. “Recalibration of Russian oil imports is ongoing and Reliance will be fully aligned to GOI (Government of India) guidelines,” a Reliance spokesman said in response to a query on whether the company plans to cut its crude imports from Russia.

Bengaluru (Karnataka) [India], October 18: Fintellix India Private Limited, a leading provider of data and regulatory solutions for the financial services industry, is proud to announce its acquisition by ICRA Limited, a premier credit rating agency and provider of financial and risk advisory services.