Industry Bytes

Posted by: Industry

Election results for 5 states are round the corner and the Industries are waiting for the results with bated breath. Markets always prefer one sided results than the hung ones. Markets generally dont take sides with any political party. Lets check some industry happenings over past few weeks: 

Power Sector- Some good news for environmentalists as solar power prices are set to fall in coming years. A lot of boost is given to this sector over last few years which have seen a fall in tariffs. The solar power costs are at all time low of 3.30 Rs per unit. This price is equal to the NTPC’s power costs which is generated using coal. 

Construction- When Demonetization has hit the entire construction industry, Capacit'e Infraprojects has bagged orders worth 1500 Crs. The construction company builds Residential, Commercial projects received the orders from big developers from Mumbai, Gurgaon and Bengaluru. 

Metals & Minings- Global downfall in base metal consumption has prompted India Ratings & Research to maintain a negative impact on Base Metal sector for the next financial year. 

Engineering: After growing for more than 6 months, India’s engineering exports seem to be continue the pace. The expected value of engineering exports are likely to reach $62 billion in the fiscal year 2016-17. The commerce ministry is pretty encouraged by the figures and is likely to give a major push to the exports in the coming days.The ministry is likely to host International Engineering Sourcing Show in Chennai as a part of the strategy. 

Technology: Aiming to move to smart manufacturing Tech Mahindra opens its Factory of the future centre. This facility will have Artificial Intelligence, Data Analytics, Robotics & Sensors to improve productivity. The manufacturing facility across the globe is going through transformation and aiming to have robots which can reduce cost and improve efficiency by 2020.

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