Core industries grow by 6.8 pc in February | business | Hindustan Times
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Core industries grow by 6.8 pc in February

business Updated: Mar 29, 2012 18:03 IST
core industries

The eight core industries expanded by 6.8% in February, against 6.4% in the same period last year, on healthy growth in coal, electricity and cement production.

The infrastructure industries had grown by just 0.5% in the previous month.

Electricity, coal and cement output grew by 8%, 17.8% and 10.8% in February respectively, according to the provisional data released today.

In the same month last year, electricity and cement production had grown by 7.2% and 6.5% respectively, coal output contracted by (-) 5.8%.

Crude oil production grew by 0.4% in the month under review against 12.2 % in the comparable period of last year. Petroleum refinery products output too grew by 6.2% against a growth of 3.2% in the same month last year.

However, natural gas output contracted by (-) 7.6%. Fertiliser and steel production grew by 4.1% and 4.3% in February as against 4.8% and 18.5% respectively in the same period last year.

During April-February 2011-12, the growth of core industries slowed down to 4.4% from 5.8% in the same quarter last year.