Friday, Mar 29 2024 | Time 19:02 Hrs(IST)
image
Business Economy


Core sector output slows down to 3.3 pc in August

New Delhi, Sep 30 (UNI) India's core sector output grew 3.3 per cent year-on-year in August, 2022 as compared to 12.2 per cent in the corresponding period last year, showed the data released by the Commerce and Industry Ministry on Friday.
Production of fertilizers, coal, refinery products, steel, cement and electricity industries increased during this period while crude oil and natural gas declined.
"The combined Index of Eight Core Industries (ICI) increased by 3.3 per cent (provisional) as compared to the Index of August 2021. The production of fertilizers, coal, refinery products, steel, cement and electricity industries increased in August 2022 over the corresponding period of last year," said a press release.
The eight core industries comprise 40.27% of the weight of items included in the Index of Industrial Production (IIP).
As per the official data, growth rate of ICI during April-August 2022-23 was 9.8% (provisional) as compared to the corresponding period of last financial year.
The data showed coal production increased by 7.6% in August, 2022 over August, 2021. Its cumulative index increased by 22.7% during April to August, 2022-23 over the corresponding period of the previous year.
Crude oil production declined by 3.3% year-on-year in August while natural gas production declined by 0.9%.
According to the latest data, petroleum refinery production increased by 7% in August, 2022 over August, 2021.
"Fertilizer production (weight: 2.63 per cent) increased by 11.9 per cent in August, 2022 over August, 2021. Its cumulative index increased by 11.4 per cent during April to August, 2022-23 over the corresponding period of previous year," the release said.
While steel production increased by 2.2% year-on-year in August, cement production increased by 1.8%.
Electricity generation increased by 0.9% per cent in August, 2022 over August, 2021.
UNI NK GK
More News
India's core sector output rises to three-month high of 6 7 pc in February

India's core sector output rises to three-month high of 6 7 pc in February

28 Mar 2024 | 7:51 PM

New Delhi, Mar 28 (UNI) Driven primarily by coal, cement and crude oil production, India's core sector comprising of eight key infrastructure components grew 6.7% year-on-year in February 2024, as per data released by Ministry of Commerce and Industry on Thursday.

see more..

Honda Motorcycle & Scooter India achieves historic 6 cr domestic sales milestone

28 Mar 2024 | 7:19 PM

Mumbai, Mar 28 (UNI) Honda Motorcycle & Scooter India (HMSI) announced on Thursday that it has accomplished a historic achievement of 6 crore domestic sales in India. Honda ventured into the Indian market with its first two-wheeler, the Activa, in 2001.

see more..

28 Mar 2024 | 5:28 PM

UNI NK AKS.

see more..
Luminous enters solar panel mfg; 250 MW facility launched with initial investment of Rs 120 cr

Luminous enters solar panel mfg; 250 MW facility launched with initial investment of Rs 120 cr

28 Mar 2024 | 5:16 PM

Rudrapur, Mar 28 (UNI) From power Back-up solutions to Batteries and Solar applications, Luminous Power Technologies on Thursday announced the launch of its state-of-the-art solar panel manufacturing facility here.

see more..

Kottayam-Kochi Rubber Market rates

28 Mar 2024 | 5:04 PM

Kottayam, Mar 28 (UNI) Following were the Rubber Market rates announced by the Rubber Board here on Thursday per quintal.

see more..
image