Eight core sector industries grow by 5.2 % in June

With electricity and steel showing healthy production growth, the eight core infrastructure industries expanded by 5.2 percent in June as against 4.4 percent in the same period last year.

New Delhi: With electricity and steel showing healthy production growth, the eight core infrastructure industries expanded by 5.2 percent in June as against 4.4 percent in the same period last year.
    
The industries -- crude oil, petroleum refinery products, natural gas, fertilisers, coal, electricity, cement and finished steel -- have a weight of 37.90 percent in the overall index of industrial production.
     
With addition of two sectors -- fertilisers and natural gas -- the number of key infrastructure sectors, picked up separately for measuring performance has now gone to eight.
     
Electricity and steel grew by 8.2 percent and 12.5 percent in June from 3.8 percent and 4.3 percent in the same month in 2010, according to the provisional data released today.
     
Crude oil production grew by 7.7 percent in the month under review from 6.8 percent in the comparable period of last year. Petroleum refinery products too grew by 4.7 percent from 2.9 percent.
     
However, natural gas, cement, coal and fertiliser showed a negative growth of 11.7 percent, 0.8 percent, 3.3 percent and 2.4 percent, respectively.
     
During April-June 2011-12, the growth of core industries slowed down to 5.0 percent from 6.8 percent in the same quarter previous year.
     
The growth of eight core infrastructure industries slowed down to 5.3 percent in May against 7.4 percent a year ago.

PTI

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