Nifty99000 100%

Sensex99000 100%

Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
RSS

News

India’s core infra industries’ output grows by 5% in March

Author: IANS/Monday, May 1, 2017/Categories: Infrastructure

India’s core infra industries’ output grows by 5% in March

New Delhi, (IANS) In an impressive closure to the fiscal, the output of India's eight infrastructure industries in March increased by 5 per cent, from a growth of 1 per cent reported in February, buoyed by higher coal and steel production, official data showed on Monday.
The Eight Core Industries (ECI) index had reported a rise of 5.7 per cent in January 2016. 
The cumulative growth for the full fiscal during April to March stood at 4.5 per cent.
The data which represents the output of major industrial sectors was released by the Ministry of Commerce and Industry. The ECI index comprises of nearly 38 per cent weightage of the items included in the Index of Industrial Production (IIP). 
The index includes sectors like coal, crude oil, natural gas, refinery products, fertilisers, steel (alloy and non-alloy), cement and electricity.
Electricity generation, which has the highest weightage of 10.32 per cent in the IIP, edged up by 5.9 per cent in March, as compared with the corresponding month of 2016.
Steel production, the second most important component with weightage of 6.68 per cent, increased by 11 per cent in the month under review.
 However, distilling of refinery products, the third most important component as per weightage, inched down by 0.3 per cent in March, as compared with the corresponding month of last year.
 Conversely, extraction of crude oil, which has a 5.22 per cent weightage in IIP, was slightly higher by 0.9 per cent during the month in consideration.
 Coal mining, with a 4.38 per cent weightage, increased by an impressive 10 per cent in March.
 In contrast, cement production, which has the weightage of 2.41 per cent, decreased by 6.8 per cent in March 2017 over the same month of 2016.
 On the other hand, the sub-index for natural gas output, with a weightage of 1.71 per cent edged higher by 8.3 per cent during the month under consideration.
 Fertiliser manufacturing, which has the least weightage of only 1.25, declined by 0.8 per cent in March.
 
 --IANS
 bc/vd 

Print Rate this article:
No rating

Number of views (210)/Comments (0)

S Vijaykrishnan
S Vijaykrishnan

IANS

Other posts by IANS
Contact author

Leave a comment

Name:
Email:
Comment:
Add comment

Name:
Email:
Subject:
Message:
x

Videos

Ask the Finapolis.

I'm not a robot
 
Dharmendra Satpathy
Col. Sanjeev Govila (retd)
Hum Fauji Investments
 
The Finapolis' expert answers your queries on investments, taxation and personal finance. Want advice? Submit your Question above
Want to Invest
 
 

Categories

Disclaimer

The technical studies / analysis discussed here can be at odds with our fundamental views / analysis. The information and views presented in this report are prepared by Karvy Consultants Limited. The information contained herein is based on our analysis and upon sources that we consider reliable. We, however, do not vouch for the accuracy or the completeness thereof. This material is for personal information and we are not responsible for any loss incurred based upon it. The investments discussed or recommended in this report may not be suitable for all investors. Investors must make their own investment decisions based on their specific investment objectives and financial position and using such independent advice, as they believe necessary. While acting upon any information or analysis mentioned in this report, investors may please note that neither Karvy nor Karvy Consultants nor any person connected with any associate companies of Karvy accepts any liability arising from the use of this information and views mentioned in this document. The author, directors and other employees of Karvy and its affiliates may hold long or short positions in the above mentioned companies from time to time. Every employee of Karvy and its associate companies is required to disclose his/her individual stock holdings and details of trades, if any, that they undertake. The team rendering corporate analysis and investment recommendations are restricted in purchasing/selling of shares or other securities till such a time this recommendation has either been displayed or has been forwarded to clients of Karvy. All employees are further restricted to place orders only through Karvy Consultants Ltd. This report is intended for a restricted audience and we are not soliciting any action based on it. Neither the information nor any opinion expressed herein constitutes an offer or an invitation to make an offer, to buy or sell any securities, or any options, futures or other derivatives related to such securities.

Subscribe For Free

Get the e-paper free