T&D equipment suppliers likely to be resilient to business disruptions: Ind-Ra

Road and power sector rises as construction tenders swell by 96%

India Ratings and Research (Ind-Ra) highlights that the fourth quarter of the fiscal year 2024 saw a 96% year-over-year rise in the number of construction tenders for roads and power, amounting to Rs 7,089 billion. This increase is characterised by a March Rush of increased tendering activity by the central and state governments. On the other hand, orders awarded decreased by 30% during that time, reaching Rs 1,623 billion the lowest growth rate during the previous eight quarters. .

The roads sector is dominating, with 49% of all tenders issued in the quarter, up from 33% the yea..

Construction sector surge fuels economic growth in coming years

If India required further evidence of its substantial housing boom, it found it in the latest GDP data, raising expectations that the construction industry will remain a driving force for the economy in the coming years.

The construction sector witnessed a remarkable growth of 13.3% in July-September compared to the same period the previous year, a significant increase from the 7.9% growth in the preceding quarter. This performance marked its best in five quarters, as indicated by the data released.

This surge contributed to India's overall expansion, surpassing forecasts at 7...

Construction space tenders increases by 11% YoY in FY22: Ind-Ra

India Ratings and Research (Ind-Ra) told the media that the amount of overall tenders floated across all divisions in the construction space increased by 11% year-on-year (YoY) in FY22 to Rs 8,901 billion, representing the impetus shown by the central and state governments in improving the order inflow on the Covid-19 pandemic hit season.

India's Steel Demand Growth Outlook Strong

India's steel industry is experiencing a significant boom, with demand expected to continue growing at a steady rate of 10% over the next few years. This growth trajectory is underpinned by several key factors, including robust infrastructure development, ongoing construction projects, a thriving automotive sector, and increased manufacturing activities driven by economic development initiatives.

The Indian government's focus on infrastructure development, including the ambitious National Infrastructure Pipeline (NIP) project, is a major driver of steel demand. The NIP aims to invest b..

Steel demand surge to persist, poised for 10% growth: Steel Secy

During the 'CII Conference on Future Ready and Green Manufacturing' held in the national capital, Steel Secretary Nagendra Nath Sinha conveyed that the trajectory of domestic steel demand is poised to ascend at a robust rate of 10 percent in the forthcoming years. This optimistic outlook is firmly underpinned by the steadfast commitment of the government towards bolstering infrastructure development initiatives. Sinha articulated that with the unwavering attention directed towards infrastructure projects by the government, the domestic demand for steel is primed to burgeon at a pace characteri..