The Hindu Business Line : Growth of six infrastructure sectors falls to 4% in Dec

Advertisement

NEW DELHI: Tracking the slower expansion in industrial production, growth of the six key infrastructure sectors in December 2007 nosedived to four per cent, less than half of nine per cent achieved a year ago. The April-December performance of infrastru cture industries -- crude oil, petroleum refinery products, coal, electricity, cement and steel -- was equally dismal at 5.7 per cent as against 8.9 per cent.

For December 2007, crude oil was the worst performer with a negative growth of 1.5 per cent as against a positive expansion of 10.7 per cent in the same month last year. Petroleum refinery products put out a dismal show of just two per cent growth as com pared with 10.8 per cent in the same period last year. Finished steel grew by 5.1 per cent as against 10.2 per cent, while expansion in the cement sector dropped to 3.9 per cent from eight per cent. Electricity generation went up by 3.8 per cent as comp ared to 9.1 per cent. The infrastructure industries have 26.6 per cent weightage in the Index of Industrial Production, which dropped to 7.6 per cent in December 2007 from 13.4 per cent a year ago. - PTI

Next: Hindustan Unilever PAT up 23.50% at Rs 631 cr in Q4

Business Line | NUS Index |