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Published • Delhi, India • Updated

Indian Mining & Construction Equipment Industry Reports Modest Growth in FY 2025

Summary by realtynmore.com
New Delhi, March 27, 2025: ICRA’s latest report reveals that the Indian Mining and Construction Equipment (MCE) industry experienced muted volume growth of 3 per cent year-on-year (YoY) in 11 months of FY2025. This is a notable deceleration compared to the 26 per cent growth rates in both FY2024 and FY2023. The slowdown is attributed to reduced domestic project award activity and execution momentum in the first half of the fiscal year, influence…
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Indian Mining & Construction Equipment Industry Reports Modest Growth in FY 2025

New Delhi, March 27, 2025: ICRA’s latest report reveals that the Indian Mining and Construction Equipment (MCE) industry experienced muted volume growth of 3 per cent year-on-year (YoY) in 11 months of FY2025. This is a notable deceleration compared to the 26 per cent growth rates in both FY2024 and FY2023. The slowdown is attributed to reduced domestic project award activity and execution momentum in the first half of the fiscal year, influence…

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realtynmore.com broke the news in on Thursday, March 27, 2025.
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