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ICRA expects the average Debt/OPBITDA of logistics companies to weaken to 4.1x and interest coverage ratio to average at 2.6x as compared to 2.5x and 4.9 x respectively in FY2020.

ICRA’s outlook on Indian road logistics industry remains Negative

6 Oct 2020 10:42 AM IST

October 6, 2020: The credit rating agency ICRA maintained the outlook on Indian road logistics industry as Negative due to continuing pressures on the...

The localised lockdowns imposed in Tamil Nadu and Maharashtra had adversely affected the toll collections for the stretches located in these states in July (reported 65-75 percent of pre Covid levels).

90% commercial vehicles back on road, toll collections indicate: ICRA

31 Aug 2020 5:30 PM IST

August 31, 2020: Post the resumption of tolling on national highways from April 20, 2020, the movement of commercial vehicles picked up significant...

ICRA also anticipates the domestic freight transportation revenue to fall by 18-20 percent in fiscal 2020-21 and compared to its April 2020 estimation of 8-10 percent.

ICRA downgrades outlook on Indian road logistics from Stable to Negative

4 Aug 2020 9:09 PM IST

August 5, 2020: The credit rating agency ICRA downgraded its outlook on Indian road logistics industry to ‘Negative’ from ‘Stable’ citing the...

Due to the decline in passenger traffic in FY 2021, the industry is expected to report revenue degrowth of 44 percent during FY2021. Industry-level debt is expected to be Rs 465 billion.

Indian aviation industry will require Rs 350 billion over FY 2021-23: ICRA

17 May 2020 2:44 PM IST

May 17, 2020: The credit rating agency ICRA in its latest analysis noted that the domestic aviation industry of India will require additional funding...

With restrictions on the production of non -essential goods, and shortage of fleet and drivers to move essentials, besides the associated slowdown in economic activity, the near-term implications on the sector are negative.

Revenue of Indian logistics companies to fall 6-8% in FY2021: ICRA

23 April 2020 4:39 PM IST

April 23, 2020: In its new Q3 FY2021 update of the credit rating agency, ICRA predicts revenue of Indian logistics companies to decline 6-8 percent in...

Container segment of Indian coastal shipping to bear the brunt of Covid-19: ICRA

1 April 2020 8:21 PM IST

April 1, 2020: According to the credit rating agency, ICRA, the coastal shipping segment of the country, which had witnessed healthy growth in the...