Core infra industries records marginal increase in February

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New Delhi, Apr 3 (UNI) Spurred by higher production of coal, electricity and cement, six core infrastructure industries recorded a growth of 8.7 per cent in February 2008, up by one per cent from 7.6 per cent in the same month a year ago.

Six core industries of crude oil, petroleum refinery products, coal, electricity, cement and finished steel have a combined weightage of 26.7 per cent in the index of industrial production (IIP).

However, cumulative growth of these industries in 11 months of the 2007-08 fiscal ended March 31 dipped by two per cent to 5.6 per cent from 8.7 per cent in the comparable period of the previous fiscal, government data released today said.

Coal production recorded a robust growth of 11.7 per cent in February 2008, up five per cent from 6.5 per cent in the comparable month a year ago, while electricity generation also registered a healthy growth of 9.6 per cent, up by over six per cent from 3.3 per cent in the same month a year ago. Similarly, Cement production went up by 12.4 per cent, about seven per cent more than 5.8 per cent recorded in February 2007.

In contrast, production of finished (carbon) steel dipped to 8.2 per cent, a decline of nearly five per cent from 13.6 in February a year ago. Crude oil production halved to 2.3 per cent from 4.9 per cent, while that of petroleum refinery products also went down by 50 per cent to 5.8 per cent from 11.3 per cent in February of this and the previous year respectively.

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