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Infrastructure industries post 7.9 pc growth in April-Oct

Our Bureau

NEW DELHI, Nov. 22

THE six infrastructure industries -- electricity, coal, steel, crude petroleum, petroleum refinery products and cement -- have registered a growth of 7.9 per cent in the first seven months of the current fiscal (April-October 2000).

As per the quick estimates released by the Ministry of Commerce and Industry, this is lower than the 8.9 per cent recorded by them in the corresponding period last year. However, it is slight higher than the 7.3 per cent growth during April-September 200 0.

Among these industries which account for a total weight of 26.68 per cent in the Index of Industrial Production (IIP), petroleum refinery products clocked the highest growth of 30.1 per cent in the first seven months.

This was followed by steel (11.9 per cent), coal (8 per cent), electricity (4.6 per cent) and cement (4.6 per cent). Crude petroleum registered a negative growth of -0.3 per cent.

During the same period last year, petroleum refinery products had recorded a growth of 19.1 per cent, cement (17.6 per cent), steel (14 per cent), electricity (7.9 per cent) and crude petroleum (0.7 per cent).

On a month-to-month basis, the six industries have together grown by 11.7 per cent in October 2000, against 9.5 per cent growth in the corresponding month last year. It was also higher than the 8.5 per cent growth recorded in September 2000.

While petroleum refinery grew by 35 per cent in October this year as against 19.8 per cent last year, steel grew by 10.7 per cent (16.1 per cent), coal 3.4 per cent (0.9 per cent), cement 13.2 per cent (9.6 per cent), electricity 12 per cent (10.1 per ce nt) and crude petroleum 3.8 per cent (-1.6 per cent).

Related links:
Infrastructure industries clock 7.2% growth in H1
Six infrastucture industries' growth at 6.9 % in April-Aug

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