Despite the sales & volume growth, the price realisations and delay in the payment of subsidy remain as the key challenges to the company. Further, the lack of availability of domestic gas to fertiliser sector and increasing trend in the price of spot RLNG, volatile prices of fertilisers in the international market add vows to the company.

The company has commenced the building construction work of Destination One Mall in Nashik, against the work order, worth Rs 33 crore, awarded by Shree Sainath Land & Development (India).

In the recent quarter (Q1FY21), the company’s NPA declined by 33 bps, and credit cost declined by 552 bps QoQ. The company also beat the estimates with a jump in profit, supported by a strong net interest income (NII), lower operating expenses, and lower-than-expected provisioning.

The government is making serious efforts to boost investment in the tourism sector. In the hotel and tourism sector, 100 per cent foreign direct investment (FDI) is allowed through the automatic route.

Under this announcement, the FDI limit for defence has been increased to 74 per cent, which was earlier 49 per cent.

The retail inflation has soared beyond Reserve Bank of India’s (RBI) upper margin of 6 per cent. The Indian central bank has been instructed by the government to keep the inflation within the range of 4 per cent with a margin of 2 per cent on either side.

During FY20, the company had delivered to buyers a very large gas carrier (VLGC), which it had contracted to sell in FY 2018-19, and also, sold & delivered to the buyers a Suezmax crude carrier.

It noted that the GDP fall of about 24 per cent in the first quarter was slightly higher than its expectations of a 20.2 per cent contraction. The element, which came in as a surprise, was the growth of public administration, defence, and other services segments at (-) 10.3 per cent.

The project, with an order value of Rs 126.5 crore, is scheduled to be completed within 22 months. As of FY20, the company’s order book stood at Rs 6,916 crore.

The credit rating agency, Moody's Investors Service, has revised Bharti Airtel's credit outlook rating to stable from negative on the account of easing of competition in the telecom sector, increase in 4G customer base and mobile services rates from December.