Cement, fertilizer, electricity and crude oil refinery posts strong production growth
The output of Eight Core Industries comprising nearly 38% of the weight of items included in the Index of Industrial Production (IIP) surged 5.7%, 15-month high pace of growth, in February 2016. The cumulative growth during April to February 2015-16 was 2.3%.Coal production (weight: 4.38%) increased by 3.9% in February 2016 over February 2015. Its cumulative index during April to February 2015-16 increased by 5.0% over corresponding period of previous year.
Crude Oil production (weight: 5.22%) increased by 0.8% in February 2016 over February 2015. Its cumulative index during April to February 2015-16 decreased by 1.0% over the corresponding period of previous year.
The Natural Gas production (weight: 1.71%) increased by 1.2% in February 2016 over February 2015. Its cumulative index during April to February 2015-16 declined by 3.6% over the corresponding period of previous year.
Petroleum Refinery production (weight: 5.94%) increased by 8.1% in February 2016 over February 2015. Its cumulative index during April to February 2015-16 increased by 3.1% over the corresponding period of previous year.
Fertilizer production (weight: 1.25%) increased by 16.3% in February 2016 over February 2015. Its cumulative index during April to February 2015-16 increased by 10.3% over the corresponding period of previous year.
Steel production (weight: 6.68%) declined by 0.5% in February 2016 over February 2015. Its cumulative index during April to February 2015-16 declined by 1.8%over the corresponding period of previous year.
Cement production (weight: 2.41%) increased by 13.5% in February 2016 over February 2015. Its cumulative index during April to February 2015-16 increased by 3.9% over the corresponding period of previous year.
Electricity generation (weight: 10.32%) increased by 9.2% in February 2016 over February 2015. Its cumulative index during April to February 2015-16 increased by 4.6% over the corresponding period of previous year.
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