Revenue of construction costs to slow down in FY25 at 8-10 per cent: Report
The Statesman Delhi|January 07, 2025
Rating agency ICRA has projected that the revenue of the Indian construction companies for the financial year 2024-25 is estimated to grow at 8-10 per cent, slower in comparison to a growth of 12-15 per cent during previous years.
STATESMAN NEWS SERVICE

The agency is estimating the operating income of construction companies to grow at 10-12 per cent YoY in FY26, still lower than the long-term compound annual growth rate of about 15 per cent between FY18 and FY24.

In FY23 and FY24, the construction entities had witnessed a YoY growth of 22 per cent and 19 per cent, respectively.

This story is from the January 07, 2025 edition of The Statesman Delhi.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

This story is from the January 07, 2025 edition of The Statesman Delhi.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

MORE STORIES FROM THE STATESMAN DELHIView All
The Statesman Delhi

Mohammed Shami returns 'stronger' after injury lay-off

He was forced to miss the crucial Border Gavaskar Trophy against Australia due to injury, but star India pacer Mohammed Shami has taken the setback in his stride, asserting that such experiences help athletes to \"grow stronger\".

time-read
2 mins  |
January 23, 2025
The Statesman Delhi

1st T20I: Arshdeep shows way as Indian bowlers torment England

Left-arm pacer ends Yuzvendra Chahal's reign as leading men's T20I wicket-taker for India

time-read
2 mins  |
January 23, 2025
The Statesman Delhi

Steel and cement cos to ramp up production, future looks promising for refractory business

A mechanical engineer by profession, he has more than 3 decades of extensive experience serving the steel and refractory industry.

time-read
5 mins  |
January 23, 2025
The Statesman Delhi

The Physics of Relationships

There are striking similarities between how elementary particles come together to form atoms, molecules and eventually various materials and how a family, a village and then a society is established from a collection of people.

time-read
5 mins  |
January 23, 2025
The Statesman Delhi

Army Hospital (R&R) performs India's first LVAD implant

Army Hospital (Research & Referral) has created history by successfully performing India's first-ever Left Ventricular Assist Device (LVAD) implantation using the HeartMate 3 device in a government institution.

time-read
1 min  |
January 23, 2025
The Statesman Delhi

Sukhu for Timely Execution of Public Welfare Projects

Himachal Pradesh Chief Minister Thakur Sukhvinder Singh Sukhu stressed on timely execution of works and quality services for public welfare.

time-read
2 mins  |
January 23, 2025
The Statesman Delhi

Ambedkar, Constitution hog political discourse in Bihar

In an apparent move to counter the Congress party's campaign focused on the Constitution of India and Dr Bhimrao Ambedkar, the Bihar unit of the BJP has launched the Samvidhan Gaurav Abhiyan.

time-read
1 min  |
January 23, 2025
The Statesman Delhi

16 states, 10 ministries to showcase India's rich heritage at R-Day parade

In a grand display of India's cultural richness and developmental strides, 16 States/Union Territories (UTs) and 10 Ministries/Departments of the Union Government will showcase their vibrant tableaux at the 76th Republic Day Parade on Kartavya Path.

time-read
1 min  |
January 23, 2025
The Statesman Delhi

Cong accuses AAP of ₹382-cr scam in health sector

The Congress party, on Wednesday, alleged a scam of Rs 382 crore in the health services of Delhi under the AAP government, citing Comptroller and Auditor General (CAG) reports in the poll-bound national capital.

time-read
2 mins  |
January 23, 2025
The Statesman Delhi

Police Take Accused to Actor Saif Ali Khan's House to Recreate Crime Scene

The Mumbai police took actor Saif Ali Khan's alleged attacker to the actor's residence at the Satguru Sharan building in Bandra West on Wednesday to recreate the crime scene, the police has stated.

time-read
2 mins  |
January 23, 2025