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Our Bureau

New Delhi , May 30

Buoyed by the growth in oil refining and higher cement output the Index of Industrial Production (IIP) increased by 6.7 per cent during April 2006 compared to 6 per cent in the same month last year, according to an official release.

Refinery output shot up by 13.5 per cent during April 2006 compared to a decline of 7.7 per cent in the year-ago period, while cement production increased 11.7 per cent as against 9.9 per cent in the same month a year ago. Electricity generation increased by 5.6 per cent as against 3 per cent in April 2005. Three of the six core sectors posted negative growth during the month, namely, coal, oil and steel.

Coal production rose by a lower 3.4 per cent from 8.2 per cent a year ago. Crude oil output registered a negative growth of 1.9 per cent during the month under review as against a decline of 0.4 per cent in April 2005, while finished steel production grew by 8.6 per cent as against a strong 16.9 per cent growth in the same month previous fiscal.

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