Core Sector grows by 5.8% in August
By TIOL News Service
NEW DELHI, OCT 01, 2014: THE Eight Core Industries comprise nearly 38% of the weight of items included in the Index of Industrial Production (IIP). The combined Index of Eight Core Industries stands at 165.1 in August, 2014, which was 5.8 % higher compared to the index of August, 2013. Its cumulative growth during April to August, 2014-15 was 4.4 %.
Coal production increased by 13.4 % in August, 2014 over August, 2013. Its cumulative index during April to August, 2014-15 increased by 7.2 % over corresponding period of previous year.
Crude Oil
Crude Oil production declined by 4.9 % in August, 2014 over August, 2013. The cumulative index of Crude Oil during April to August, 2014-15 declined by 1.2 % over the corresponding period of previous year.
Natural Gas
The Natural Gas production declined by 8.3 % in August, 2014 over August, 2013. Its cumulative index during April to August, 2014-15 declined by 5.8 % over the corresponding period of previous year.
Petroleum Refinery Products
Petroleum refinery production (weight: 5.94%) declined by 4.3 % in August, 2014 over August, 2013. Its cumulative index during April to August, 2014-15 declined by 2.7 % over the corresponding period of previous year .
Fertilizers
Fertilizer production (weight: 1.25%) declined by 4.3 % in August, 2014 over August, 2013. While, it registered a cumulative growth of 2.8 % during April to August, 2014-15 over the corresponding period of previous year.
Steel (Alloy + Non-Alloy)
Steel production (weight: 6.68%) increased by 9.1 % in August, 2014 over August, 2013. Its cumulative index during April to August, 2014-15 increased by 2.0 % over the corresponding period of previous year.
Cement
Cement production (weight: 2.41%) increased by 10.3 % in August, 2014 over August, 2013 . Its cumulative growth during April to August, 2014-15 was 11.0 % over the corresponding period of previous year .
Electricity
Electricity generation (weight: 10.32%) increased by 12.6 % in August, 2014 over the period of August, 2013 and it registered a cumulative growth of 11.3 % during April to August, 2014-15 over the corresponding period of previous year.