Industry & Economy
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Economy
Cement powers core sector growth
Our Bureau
NEW DELHI, March 22
THE six infrastructure industries, namely electricity, coal, steel, crude petroleum, petroleum refinery products and cement have registered a growth of 2.7 per cent during the first 11 months of the current fiscal, as against 5.6 per cent in the same period last year.
As per the quick estimates released by the Ministry of Commerce & Industry, among these industries which account for a total weight of 26.68 per cent in the Index of Industrial production (IIP), cement clocked the highest growth of 8.7 per cent followed by petroleum refinery products (4.5 per cent), coal (4.1 per cent), electricity (2.9 per cent), finished steel (1.5 per cent) and crude petroleum (-1.7 per cent).
During the same period last year, petroleum refinery products had recorded a growth of 21.6 per cent, cement (-0.7 per cent), steel (7.5 per cent), electricity (4.1 per cent) and coal (4 per cent). Crude petroleum registered a growth of 1.3-2.4 per cent.
On a month-to-month basis, the six industries have together grown by 4.9 per cent in February 2002, an improvement over the -1.0 per cent recorded in the same month last year.
While petroleum refinery grew by 0.3 per cent in February 2002 as against 4.5 per cent in the previous year, steel grew by 5.6 per cent (0.4 per cent), coal 8.3 per cent (-3.8 per cent), cement 21.2 per cent (-10.7 per cent), electricity 2.6 per cent (-0.5 per cent) and crude petroleum -0.4 per cent (zero per cent).
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