Q2: Utility segments remain bright spots

28 Nov 2020 Editorial Team

Some essential infrastructure activities were the best performers in yet another gloomy quarter. While the overall GDP growth rate stayed negative, at -7.5%, electricity, gas, water supply and other utility services grew at 4.4%, topping the charts in the quarter. Agriculture, forestry and fishing grew at 3% while in a relief, manufacturing was on the positive side, too, at 0.6%.

However, construction remains a big concern as the GVA for construction slumped more than 8%. Defence and other services were down 12%. Real estate and professional services contracted by 8.1%.

As India plummeted into its first recession in decades, the first quarter’s (Q1 2021) slump to a worst-ever -23.9% in a coronavirus-hit, lockdown-hampered economy was followed by something that many consider better news.

Consumption, however, shrank by 11.5%, and is an indicator that actual recovery of demand in the private sector is a distance away. The path to recovery, however, seems to be in place unless the coronavirus situation worsens over the next months. The third quarter (Q3 2021) includes much of the festive season and may be something the industries will look forward to, although Q2 also encloses a small part of festive spending.

RBI governor Shaktikanta Das warned the industry of overoptimism, especially about expectations that the economy will grow faster than earlier anticipated, since the Covid- 19 pandemic is feared to resurge in the country.

It may be recalled that eight core sectors have shown contraction in October, including crude oil, natural gas, refinery products, steel, fertiliser. However, coal (11.6%) and electricity (10.5%0 grew significantly in October.

Infrastructure Urban

12 May 2026

Blue Dart posts revenue growth in FY26 on e-commerce and B2B demand

Blue Dart Express Limited, South Asia’s express air and integrated transportation and distribution company, has reported year-on-year growth in revenue for the financial year ended March 31, 2026, driven by strong momentum in e-commerce shipments and B2B surface express solutions.Announcing its financial results after the Board Meeting held in Mumbai, the company said revenue from operations rose to Rs 6,141 crore in FY2025–26, compared to Rs 5,720 crore in FY2024–25. Profit after tax for the year stood at Rs 240 crore.For the quarter ended March 31, 2026, Blue Dart reported revenue from..

Terex launches TRAC vibration analysis system

Terex®, a global provider of specialised equipment solutions, has launched TRAC, a new vibration analysis system designed to deliver deeper insight into the performance, condition and long-term structural integrity of screening equipment.Announced in Hosur on May 11, 2026, the TRAC system is now available across screening equipment offered under Terex Materials Processing (MP) brands, including Powerscreen®, Finlay®, EvoQuip®, MDS®, Terex® Washing Systems, Terex® MPS (Cedarapids®, Simplicity®), MAGNA™ and Terex® Ecotec.Developed specifically for vibratory screening equipment by Ter..

ADIO partners Motherson to set up large automotive components hub in KEZAD

The Abu Dhabi Investment Office (ADIO) has announced its support for Samvardhana Motherson International Limited’s (Motherson) new manufacturing hub in Abu Dhabi, marking a major step in strengthening the emirate’s position as a global centre for advanced manufacturing and automotive supply chains.ADIO said the partnership aligns with its strategy to accelerate high-value industrial investments and build resilient supply chains across priority sectors, further reinforcing Abu Dhabi’s competitiveness as a regional and global manufacturing and export hub.Under the partnership, a large-scal..