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Infrastructure sectors stage recovery in September

Calcutta News.Net
Friday 7th November, 2008 (IANS)

Six core infrastructure industries staged a minor recovery in September with a growth of 5.1 percent, against 2.7 percent in the month before and 6.9 percent in September last year.

The index for the six industries, which included crude oil, refined products, coal, electricity, cement and finished steel, has grown 3.9 percent in the first six months of this fiscal, against 6.9 percent in the like period of last fiscal.

Official data released Friday also showed that while the index for crude oil fell 0.8 percent during the six-month period, that for coal registered the highest growth of 7.9 percent.

The growth for coal sector index during September was also the highest at 10.7 percent, while that for crude oil had declined by 0.4 percent.

These six core infrastructures have a combined weight of 26.7 percent in the broader index for industrial production (IIP).

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