The Rs 10 lakh crore sector is likely to witness revenue growth plunging by up to 9 percentage points to 10-12 per cent in FY24 as against the nearly 20 per cent growth estimated in FY23, Crisil Ratings said
Crisil Ratings in a note issued said that the healthy order book position of the road EPC companies, is expected to improve further supported by new project awarding momentum.
Crisil Ratings in a report stated that fertiliser sales in the country is set to surge 10 per cent to a record 68 million tonne this fiscal following a good monsoon.