Core sector posts 5.1% growth in Sept

Coal, cement production better.

 

Our Bureau

New Delhi, Nov. 7 Buoyed by high growth in the production of coal and cement, the index for the six core sector industries increased by 5.1 per cent in September 2008, lower marginally compared with 5.8 per cent in the same month last year.

Coal production went up 10.7 per cent during the month against 6.3 per cent in September 2007 while cement output grew by 7.9 per cent in September this year as against 5.4 per cent in the corresponding month last year.

Power point

Electricity generation increased marginally by 4.4 per cent compared with 4.3 per cent.

3 sectors slowed down

The three sectors which slowed down during the month are crude oil production, petroleum refinery output and production of finished carbon steel.

Refinery down

The growth in petroleum refinery output and production of finished steel registered 2.8 per cent and 5.8 per cent in September this year against 6.9 per cent and 9.5 per cent, respectively, in the corresponding month last year.

In the case of crude oil, however, there was negative growth.

Crude oil production, which went down by 0.7 per cent in September 2007, declined again in September this year by another 0.4 per cent.

 

Source: Hindu Business Online