Industry & Economy
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Infrastructure
Infrastructure sector grows 10.2 pc in June
Our Bureau
New Delhi
,
July 27
THE growth rate in the six infrastructure industries stood at 10.2 per cent for June 2005 - up 2.4 per cent compared to the same period last fiscal.
This was mainly because of the buoyancy in steel, cement, and power sectors.
The improved performance in these three sectors was able to offset the slowdown in crude oil, refining, and coal sectors to take the overall growth in the six core industries to 10.2 per cent, according to an official release. Finished steel output improved by 21.9 per cent during the month compared to a decline of 1.8 per cent in June last year; cement production jumped 13.3 per cent against a negative growth of 3.9 per cent earlier. Simultaneously, power generation rose 9.3 per cent compared to 4.6 per cent a year back.
Petroleum refining production went down by 1.1 per cent while production of crude petroleum increased by a marginal 0.4 per cent during the month against growth of 9.6 per cent and 1.1 per cent respectively in June 2004.
Coal sector growth also slowed down during the month to 3.2 per cent from 6.6 per cent. Cumulative growth of the six infrastructure industries during the first quarter stood at 5.5 per cent (8.1 per cent), the release added.
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