Coal news and updates

Core industries register 3.2% growth in October

India Coal Market Watch

December 1: Growth in the eight core industries was 3.2% in October 2015, supported by increased production in fertilizer and cement and higher electricity generation. In September too the growth had been 3.2%

 The eight core industries — coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity — comprising nearly 38% of India’s total industrial production, had grown 2.5% on a cumulative basis from April to September, as per data released by the Ministry of Commerce and Industry.

 Fertiliser production increased by 16.2% in October, compared to 18.5% growth in September. The cumulative growth till October was 9.2% compared to the corresponding month last year.

 The second highest growth was registered by cement as its production increased 11.7% in October compared to 1.5% growth in September. Coal production increased 6.3% in October whereas it grew 1.9% in September.

 However, petroleum refinery products, crude oil and natural gas production decreased significantly by 4.4%, 2.1% and 1.8% respectively in October. Steel production also decreased 2.1% in October compared to a 2.5% decrease in September.