Wednesday, October 28, 2009

Coal, power push core sector up 4% in Sept

India's key infrastructure industries rose by 4 per cent in September on the back of improved performance of coal, electricity and cement sectors.

The six infrastructure industries, which account for a quarter of the nation's industrial production, had grown at the same rate a year ago, according to the data released by the government in New Delhi on Wednesday.

While coal, electricity and cement sectors showed impressive growth, crude oil output continued to be a dampener falling for the ninth time in past 10 months.

Crude oil production at 2.77 million tonnes was down 0.5 per cent in September, refineries produced 3.4 per cent more fuel at 12.59 million tonnes.

Electricity generation soared 7.5 per cent and coal and cement production were up 6.5 per cent each, while finished steel was down 0.4 per cent.

The index for the six key industries rose to 246.7 in September from 237.2 a year earlier, the data said.

During April-September period, the six infrastructure sectors rose 5 per cent, better than 3.4 per cent in the year ago period.

Crude oil and refinery production logged negative growths at 1.2 and 3.6 per cent, respectively, but coal and cement sectors posted double digit growth.

Coal output was up 11.6 per cent and cement soared by 12.3 per cent. Electricity generation was up 6.8 per cent.

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