{"id":385869,"date":"2020-11-24T11:05:22","date_gmt":"2020-11-24T05:35:22","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=385869"},"modified":"2020-11-24T11:05:22","modified_gmt":"2020-11-24T05:35:22","slug":"mining-construction-equipment-volumes-to-grow-by-20-in-2021-amid-strong-demand-uptick-icra","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/mining-construction-equipment-volumes-to-grow-by-20-in-2021-amid-strong-demand-uptick-icra\/","title":{"rendered":"Mining &amp; construction equipment volumes to grow by 20% in 2021 amid strong demand uptick: ICRA"},"content":{"rendered":"<p>MUMBAI: Amid a strong demand recovery in mining and construction equipment industry since late June 2020, rating agency ICRA has estimated that the Industry\u2019s volumes to grow by 20% in 2021, and has revised the volume decline during 2020 to be at 12-14% from 15-20% predicted earlier.<\/p>\n<p>\u201cThe ratings agency in May 2020 had estimated a sharp 15-20% decline in industry volumes in FY 2021, but considering the demand revival since July and the continued market momentum in November, substantiated by dealer check-ins, the rating is revised to 12-14% of decline,\u201d said ICRA in a media statement on Monday.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MUMBAI: Amid a strong demand recovery in mining and construction equipment industry since late June 2020, rating agency ICRA has estimated that the Industry\u2019s volumes to grow by 20% in 2021, and has revised the volume decline during 2020 to be at 12-14% from 15-20% predicted earlier. \u201cThe ratings agency in May 2020 had estimated a sharp 15-20% decline in industry volumes in FY 2021, but considering the demand revival since July and the continued market momentum in November, substantiated by dealer check-ins, the rating is revised to 12-14% of decline,\u201d said ICRA in a media statement on Monday.<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[194,130,136],"tags":[],"class_list":["post-385869","post","type-post","status-publish","format-standard","hentry","category-coal-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/385869","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=385869"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/385869\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=385869"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=385869"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=385869"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}