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Outlook on CE sector revised to ‘stable’: ICRA
Heightened focus on infrastructure spend, particularly in the road infrastructure segment has led to a sharp scale up in volumes since July 2020, resulting in +20 per cent YoY growth during July-January 2021 period.
Outlook on CE sector revised to ‘Stable’ with sharp volume recovery: ICRA
Two critical demand headwinds in the coming quarters are - the continued limited fiscal bandwidth with State governments to invest in infrastructure and the price hikes following the upcoming emission norm change in April 2022