The Five Sector Winners

Updated on: 7 February 2024 7:02 pm

Sectors	Proposals	Impact/Remarks	Companies
Banking	RBI free to set SLR, CRR levels; more reforms on the cards	M&As, tax breaks for banks acquiring loss-making kin; lower CRR, SLR norms to release funds for lending	SBI, ICICI Bank, HDFC Bank, PNB
Cement	Excise duty on clinker up. Higher spends and special purpose vehicle for funding infrastructure projects	Marginal increase in production cost to be offset by greater demand. Prices to remain firm.	ACC, Birla Corp, Shree Cement
Construction	Thrust on infrastructure development; SPV for long-term project funding	Highway construction and irrigation projects to fuel growth	Hindustan Construction, IVRCL, Nagarjuna Construction, Gammon
Sugar	Loans outstanding (as on Oct 2004) can be converted to 2% sub-PLR rate; repayment breather for some	Lower interest costs to boost profitability of companies	Balrampur Chini, Bajaj Hindusthan, EID Parry, Dhampur Sugar
Textiles	Customs duty cut on textile machinery, polyester and nylon chips, fibres, yarns, fabrics and garments; lower excise on PFY	Fabric/garment makers gain from lower machinery and input costs	Alok Industries, Raymond, Mahavir Spinning