• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Brand Quest
• The New Manager
• Smartbuy

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth
• Events 2007

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

New Delhi, Aug. 12 Growth in six core infrastructure industries slowed down to 3.4 per cent in June 2008 against 5.2 per cent in June 2007 due to the dismal performance of five sectors — electricity, finished steel, crude oil, cement and petroleum refinery products. This (growth rate) is marginally lower than the 3.5 per cent growth recorded in May 2008.

For the first quarter (April-June) of 2008-09, the six core industries registered a 3.5 per cent growth against 6.4 per cent in the corresponding period the previous fiscal.

The only sector to have witnessed a higher growth rate in June this year is coal, which has 3.22 per cent weight in the Index for Industrial Production (IIP). Coal posted a growth of 6.2 per cent in June against 0.9 per cent in the year-ago period, according to official data released here on Tuesday.

Electricity generation, which carries 10.17 per cent weight in the IIP, highest among the six core sector industries which together carry a weight of 26.68 per cent in the IIP, registered a 2.6 per cent growth in June 2008 against 6.8 per cent in June 2007. Growth of finished (carbon) steel production (weight of 5.13 per cent) was at 4.4 per cent in June this year compared to 5.1 per cent in June 2007.

Crude oil production, with a 4.17 per cent weight in the IIP, registered a negative growth of 4.7 per cent in June 2008, down from a negative growth rate of 1.8 per cent last year. Petroleum refinery production, with a weight of 2 per cent, registered a growth of 5.6 per cent (June 2008), against 9.9 per cent. Cement production, with a 1.99 per cent weight, registered 3.8 per cent growth (6 per cent in June 2007).

More Stories on : Economy | Economy | Infrastructure

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Copyright © 2008, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line