Coal news and updates

The output of eight core industries declined by 0.6% in October due to fall in production of natural gas and coal in the country.

 

Other sectors such as crude oil and petroleum refinery, too, registered a decline, leading to a fall in the index, which has a weight of 38% in the index for industrial production.

 

The eight core sectors had registered a growth of 8% and 3.7% in September and August 2013 respectively.

 

The eight core industries are coal, electricity, steel, cement, fertilisers, crude oil, and natural gas and refinery products.

 

The fall in the core sectors data came on the back of fall in coal production which saw a decline of 3.9% in October 2013 compared with the corresponding period last year. However, the sector grew by 1.3% in the April-October period.

 

Crude oil production declined 0.8% year on year in October. For April-October, it declined 1.2%

Natural gas production for the period under review declined 13.6%. For the cumulative April-October 2013 period it declined 16.1%

 

The production of petroleum refinery products declined 4.8% in October 2013; however it grew 3.7% for the cumulative April-October period.

 

The fertiliser sector posted a growth of 4.1% in October 2013; for April-October it grew 2.7%

The steel sector grew 3.5% for the period under review, while electricity generation grew 1.3% in October.

 

Cement production grew 1% in October over corresponding period last year. Its cumulative growth for April-October 2013 was 4%.

 

 

Source: DNA