The Hindu Business Line : Infrastructure growth slows down to 3.4% in Oct

New Delhi, Dec. 11 The infrastructure sector slowed down further in October with the index for the six core sector industries posting a growth of 3.4 per cent against 4.6 per cent in the corresponding period last year.

Coal, cement

The coal sector posted an impressive performance with a growth of 10.9 per cent followed by a 6.2 per cent increase in cement production.

The growth in coal and cement production in the corresponding period last year stood at 8.9 and 7.5, respectively.

Crude oil

However, fall in crude oil output and production cuts by steel companies dampened the encouraging performance of the coal and cement sector and pulled down the index.

Crude oil output decelerated by -0.3 per cent in October against -0.1 per cent in October last year.

Similarly, steel production came down by -0.5 per cent during the month following steep decline in demand against a rise of 5.2 per cent in production in the corresponding period last fiscal.

Petroleum Refinery

The petroleum refinery sector grew by five per cent marking a sharp improvement over 2.7 per cent recorded in October last year.

Similarly, electricity generation increased by 4.2 per cent, marginally up compared with 4.2 per cent a year ago.

Core sector index

For the April-October seven-month period of the current fiscal, the core sector index grew by 3.9 per cent against 6.6 per cent in the corresponding period last year.

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