Coal news and updates

Cumulative growth during April to November 2014-15 stood at 4.6 per cent

 

Fuelled by increased production of electricity, coal, cement, refinery products and steel, the eight core industries registered a combined index of 166.2 in November this year, 6.7 per cent higher than last year’s figure.

 

The eight core industries — electricity, steel, petroleum refinery products, crude oil, coal, cement, natural gas and fertilizers — comprise nearly 38 per cent of the weight of items included in the Index of Industrial Production (IIP), something the RBI considers while framing its monetary policy.

 

According to provisional data released by the Commerce ministry on Wednesday, the cumulative growth of the eight core industries during April to November this fiscal stood at 4.6 per cent.

 

Cumulative growth during the same period last year was 4.1 per cent.

 

Electricity, which has the highest weight (10.32 per cent) among the eight in the IIP, registered increased generation by 10.2 per cent over last year.

 

Steel (weight 6.88 per cent) and petroleum refinery production (5.94 per cent) registered an increase of 1.3 and 8.1 per cent respectively over last year.

 

Cement (2.41 percent) and coal (4.38 percent) production too increased by 11.3 and 14.5 percent respectively.

 

However, crude oil, natural gas and fertilizers, registered a decline in production.

 

The earlier high in the core industries was in June when the sectors grew by 7.3 per cent.

 

 

Source: http://www.thehindu.com/