Various Government of India sponsored schemes of a motley of outlay and focus - from PMAY which centers on both subsidized rural and urban housing to AMRUT that focuses on strengthening urban infrastructure including water supplies to PMKSY that lays impetus on irrigation sector to Swachh Bharat Mission that mainly emphasizes on building toilets in rural and urban areas. All these schemes not only patently boost demand for both agri and non-agri pipes but also help migration of value added products cpvc products case in point. Unbridled demand for pvc resin in India largely emanating from irrigation...
The Asian Development Bank forecasts that by 2030, India will encounter a water deficit of 50%. UN projects 840 mn people to live in the most water starved parts of the country by 2050, as compared to about 320 mn people in 2017. India's Union Ministry of Water Resources has reckoned the country's current water requirement to be around 1100 billion cubic metres(m3) per year, which is estimated to rise to around 1200 billion m3 for the year 2025 and further to 1447 billion m3 by 2050. With a projected population growth of 1.4...
Joint Plant Committee posits that steel production in India posted a growth of 5.3% (yoy)) in 9MFY18. The country recently ousted Japan with domestic production of 8.4 mn tons (3.4% rise)) in February as against Japan's 8.2 mn tons of production (0.5% de-growth), ), making India the second largest steel...
Mayur witnessed recovery in its business catapulted by growth in domestic sales volume of 32.8% while export sales registered volume growth of 9.7% in Q3FY18. Revenues jumped to Rs 137.99 crs ($21.3m) in Q3FY18 from Rs 108.81 crs ($16.1m) in the previous year (severely marred by...
With main focus on housing loans, GIC has managed to grow its loan book at a CAGR of 19.1% from FY12 to FY17 and keeping up its growth momentum, its loan book grew by 19.3%(yoy) in 9MFY18 to Rs 10,690 crs ($1672.2m). Sanctions and disbursements were up by an impressive 53.6% and 44.0% (yoy) respectively last quarter and with PMAY scheme launched...
After initial setbacks in Q1 - precipitated by massive destocking ahead of GST - when its overall plastic goods volumes shriveled 5%, Supreme has shown transformation of sorts for its overall plastic goods volumes surged 18.3% in Q2 followed by 19.2% in Q3. Save for packaging products business - bruised by capacity constraints of protective packaging - most other businesses have made noteworthy advances with the flagship plastic piping systems dispatches up by 17% and 24.9% in Q2 & Q3 and industrial products up by 17% and 16.9% respectively....
cing player in India. JV with ITOCHU will help Aegis in attaining cost leadership in the LPG import market, which is already looking up, thanks to slew of reforms undertaken by GOI to push...
Spurred by sturdy off take of its value-enhancing metal forming business (+22.7%), LGB's revenue growth in Q3 rose at the highest rate (19.8%) in at least ten quarters , resurrecting its revenue share to 18.6% from just 16.3% a year ago; 9MFY18's at 18.3% Vs 17% in the same period a year ago. Buttressed by higher margins in its effervescent transmission business (11.4% Vs 7.3%) as well as metal forming business (14.1% Vs 6.1%), PBT...
expanded by 26 bps y-o-y by virtue of optimization of overheads due to increased sales during the quarter. Net profit margins fell from 5.6% to 4.9% y-o o-y largely on account of price reduction of Rs 30 crs undertaken by SL Lumax, Lumax its associate company, for its major customer Hyundai (accounts for 98% revenue) venue). Soaring tax liability due...
