Mineral Production during June 2016 was 4.7% higher as compared to June 2015

Image
Capital Market
Last Updated : Aug 23 2016 | 2:47 PM IST
The index of mineral production of mining and quarrying sector for the month of June (new Series 2004-05=100) 2016 at 127.3, was 4.7% higher as compared to June 2015. The cumulative growth for the period April- June 2016-17 over the corresponding period of previous year stands at (+) 2.3%.

The total value of mineral production (excluding atomic & minor minerals) in the country during June 2016 was Rs. 18344 crore. The contribution of Coal was the highest at Rs. 7171 crore (39%). Next in the order of importance were: Petroleum (crude) Rs. 5393 crore, Natural gas (utilized) Rs. 2077 crore, Iron ore Rs. 1802 crore, Limestone Rs. 584 crore and Lignite Rs.517 crore. These six minerals together contributed about 96% of the total value of mineral production in June 2016.

Production level of important minerals in June 2016 were: Coal 517 lakh tonnes, Lignite 37 lakh tonnes, Natural gas (utilized) 2511 million cu. m., Petroleum (crude) 30 lakh tonnes, Bauxite 2177 thousand tonnes, Chromite 297 thousand tonnes, Copper conc. 10 thousand tonnes, Gold 114 kg., Iron ore 150 lakh tonnes, Lead conc. 17 thousand tonnes, Manganese ore 179 thousand tonnes, Zinc conc. 73 thousand tonnes, Apatite & Phosphorite 54 thousand tonnes, Limestone 274 lakh tonnes, Magnesite 23 thousand tonnes and Diamond 2932 carat.

The production of important minerals showing positive growth during June 2016 over June 2015 include 'Iron ore' (42.6%), 'Bauxite' (35.5%), 'Chromite' (34.9%), 'Gold' (14.0%), 'Coal' (11.4%), 'Diamond' (9.5%), 'Limestone' (7.6%) and 'Magnesite' (0.7%). The production of other important minerals showing negative growth are: 'Apatite & Phosphorite' [(-) 80.7%], 'Zinc conc.' [(-) 44.2%], 'Lead conc. [(-) 17.8%], 'Petroleum (crude)' [(-) 4.3%], 'Natural gas (utilized)' [(-) 3.9%], 'Lignite' [(-) 3.6%], 'Manganese ore' [(-) 3.0%] and 'Copper conc.' [(-) 2.7%].

Powered by Capital Market - Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Aug 23 2016 | 2:26 PM IST

Next Story