New Delhi, August 26, 2024 (TBB Bureau): The domestic steel industry is bracing for a significant challenge following a recent Supreme Court ruling, with several states poised to impose a new mining cess that could severely impact profitability. According to ratings agency ICRA, this development is likely to compress operating margins across the sector, affecting both primary and secondary steel ...

BHUBANESWAR, APRIL 18, 2024 (TBB BUREAU): Leading credit rating agency ICRA has projected a decline in the volumes of the domestic Mining & Construction Equipment (MCE) industry for the fiscal year 2025, following two consecutive years of robust growth. The industry witnessed remarkable growth rates of 26% in FY2023 and 24% in FY2024. However, ICRA anticipates a reversal of this ...