Infrastructure growth jumps to 7-month high of 6.7% in June; cement, refinery, coal sector performs better

The previous high rate of growth was recorded in November 2017 at 6.9 percent.

Press Trust of India July 31, 2018 17:46:07 IST
Infrastructure growth jumps to 7-month high of 6.7% in June; cement, refinery, coal sector performs better

New Delhi: Growth of eight core sectors expanded to a 7-month high of 6.7 percent in June due to better performance by cement, refinery and coal segments, as per official data released on Tuesday.

The eight sectors, which also include fertilisers, steel, natural gas, electricity and crude oil, had expanded by 1 percent in June last year.

The previous high rate of growth was recorded in November 2017 at 6.9 percent.

The growth rate in May was 4.3 percent.

Infrastructure growth jumps to 7month high of 67 in June cement refinery coal sector performs better

Representational Image. AFP

As per the data released by the commerce and industry ministry, the expansion in cement, refinery products and coal was 13.2 percent, 12 percent and 11.5 percent respectively, year-on-year basis.

Crude oil and natural gas registered a negative growth of 3.4 percent and 2.7 percent respectively in June compared to the year-ago period.

The expansion in the electricity generation was 4 percent in June compared to 2.2 percent in the same month of the last fiscal.

Steel sector, however, witnessed a slower growth of 4.4 percent compared to 6 percent in June 2017.

The data revealed that the expansion rate in the fertiliser segment was 1 percent, better than the negative growth recorded in the year-ago month.

During the April-June quarter of the current fiscal, the eight core industries recorded a growth of 5.2 percent as against 2.5 percent in the same period last year.

These eight core industries comprise 40.27 percent of the weight of items included in the Index of Industrial Production (IIP).

Updated Date:

Find latest and upcoming tech gadgets online on Tech2 Gadgets. Get technology news, gadgets reviews & ratings. Popular gadgets including laptop, tablet and mobile specifications, features, prices, comparison.

also read

Ather Energy to set up 150 public fast-charging stations across India by December 2020
News & Analysis

Ather Energy to set up 150 public fast-charging stations across India by December 2020

Ather Energy will be setting up 135 public fast-charging stations, along with the 37 stations in Bengaluru and 13 in Chennai.

Mumbai power outage: Possibility of sabotage can't be ruled out, says Maharashtra energy minister
India

Mumbai power outage: Possibility of sabotage can't be ruled out, says Maharashtra energy minister

Nitin Raut said the power breakdown in the metropolis and neighbouring Thane and Navi Mumbai on Monday was 'not a small issue'

ISL 2020: Impasse over transfer of power ends in East Bengal, company says ready for upcoming season
Sports

ISL 2020: Impasse over transfer of power ends in East Bengal, company says ready for upcoming season

This season's ISL is slated to start in November in three venues of Goa due to the COVID-19 pandemic.