Coal News We love to talk!
The eight core industries grew by 5 per cent in March, fastest in three months, on the back of higher coal and steel production.
The growth rate of eight infrastructure sectors -- coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity -- was however lower than 9.3 per cent recorded in March last year.
As per the government data released today, coal production increased by 10 per cent in March as against 2.5 per cent a year ago. Steel (alloy + non-alloy) production was up 11 per cent while it had expanded by 7.8 per cent in March 2016.
Electricity generation was up by 5.9 per cent. Crude oil and natural gas production was 0.9 per cent and 8.3 per cent, on annual basis. On the other hand, cement production declined by 6.8 per cent in March this and also fertiliser output (-0.8 per cent). There was also decline in production of refinery products (- 0.3 per cent).
The core industries, which contribute 38 per cent to the total industrial production, had expanded by 1 per cent in February and 3.4 per cent in March. The expansion was recorded at 5.6 per cent in December. On cumulative basis, the infrastructure industries grew by 4.5 per cent last financial year ended March 2017, higher than 4 per cent recorded in the previous fiscal.
- Amendment to Atomic Energy Act a must for NPC divestment Read more
- Bescom all set to begin shifting transformers from pavements Read more
- Oil refiners told to claim $315 m from Ravva venture partners Read more
- Govt sets up panel to probe NTPC blast Read more
- Government mulls ways to recover $195.3 million from Reliance Industries Read more
- Govt aiming at 24x7 power supply across nation: Narendra Modi Read more
- Tamil Nadu on verge of becoming power surplus state: CM Jayalalithaa Read more
- India's transition to renewable would need strong policy support: ETC Read more
- PlanCom for privatising coal mining Read more
- Make in India and Make in America not contradictory: Dharmendra Pradhan Read more