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Major infra sectors miss output targets in FY10: report

Major infra sectors miss output targets in FY10: report
PTI
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First Published: Sun, May 16 2010. 03 02 PM IST
Updated: Sun, May 16 2010. 03 02 PM IST
New Delhi: Important infrastructure sectors, including railways, power and crude oil, have missed the output targets during 2009-10, says an official assessment.
The sectors, which achieved the production targets during the fiscal, are coal, fertilizers and refinery (petroleum), said the annual review of the infrastructure sector performance prepared by the Ministry of Statistics and Programme Implementation.
The report comes amid the government’s decision to strengthen mechanism for quarterly monitoring of the physical targets of all infrastructure sector ministries by Cabinet Committee of Infrastructure, which is headed by Prime Minister Manmohan Singh.
Besides, the government is also in the process of setting up an infrastructure fund with seed money of Rs50,000 crore to make available finance on sustainable basis for all PPP infrastructure projects in the country.
During 2009-10, the Railways moved 887.99 million tonnes of goods which was 0.02% lower than the target of 890 million tonnes. However, the freight movement was 6.6% higher than that in 2008-09.
The power generation of 771.55 million units in 2009-10 was 2.3% lower than the target, but it was 6.8% higher than the generation in 2008-09.
The crude oil production at 33.69 million tonnes was 11.4% lower than the target for fiscal year 2010. However, the output was marginally higher by 0.5% than what was achieved in last fiscal.
The coal production of 526.15 million tonnes in 2009-10 was slightly (0.1%) less than the target, but recorded a growth of 8% over dry fuel output in 2008-09.
The production of fertilizers was marginally higher (0.1%) than target for 2009-10. It recorded a growth of 13.2% in 2009-10 over the production in the previous fiscal.
The overall refinery during the last fiscal was 160.12 million tonnes, which was 4.5% higher than the target for the period. The production in 2009-10, however, was marginally lower than that in the previous year.
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First Published: Sun, May 16 2010. 03 02 PM IST