Cement, steel help core sector grow 8.7 pc in May

Government data shows that the infrastructure sector grew by 8.7% year-on-year in May, buoyed by better performances in steel, cement, petroleum products and electricity, reports G Choudhury.

The infrastructure sector grew by 8.7 per cent year-on-year in May, buoyed by better performances in steel, cement, petroleum products and electricity, government data showed on Tuesday.

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The infrastructure sector had grown by 7.2 per cent in May last year, while in April this year it clocked a year-on-year growth of 7.4 per cent.

Production in the cement sector grew 9.4 per cent year-on-year in May as against 6.8 per cent in the same month in 2006. Petroleum refinery production grew by 14.9 per cent as compared to 12.1 per cent in May last year.

Electricity production went up 9.3 per cent in May this year, up sharply from 5.1 per cent in the corresponding period
last year.

Finished steel production was up 11.8 per cent, compared with 10.7 per cent a year ago.

Crude petroleum production, however, dipped, registering a negative growth of 1.6 per cent in May this year against to a growth rate of 1.2 per cent in the same month of last year.

The growth of coal production declined to 0.9 per cent from 8.3 per cent in the same period of the previous year.