Mining equipment industry to get a fillip from infra

Government's focus on railway infrastructure, and road construction to fuel demand for equipments, said Icra in its report

17-20%  
Indian mining and construction equipment industry expected to grow this year

35-40%  
Rise in demand for excavators and backhoes in first half of 2018

5% – Delinquencies in MCE financing portfolio of NBFCs during March 2018

10.6% 
Delinquencies in MCE financing portfolio of NBFCs stood in March 2015

Gross Fixed Capital Formation growth slowed down to 7.6% in FY2018

19%  
Growth in road construction in 2017-18

There was a strong pick-up in national highway (NH) work awards by the government during Q4FY2018, with an all-time high of 17,055 km being awarded during FY2018. These project awards are expected to support MCE demand over the next few quarters. 
Pavethra Ponniah, vice president, corporate sector ratings, Icr