Infrastructure sector growth at 3-month high of 5% in September
- Binani Industries liable to be wound up: Calcutta high court
- Wearable technology is a big opportunity, says Timex CEO Tobias Reiss-Schmidt
- Hewlett Packard Enterprise said to plan about 5,000 job cuts
- Sushma Swaraj raises terrorism, H1-B visa issues with Rex Tillerson
- Clear exporters’ pending claims, GST panel tells government
New Delhi: Infrastructure sector recorded a growth rate of 5% in September—the highest in three months—on account of healthy performance by cement, steel and refinery products.
The growth rate of the eight infrastructure sectors—coal, crude oil, natural gas, refinery products, fertilizers, steel, cement and electricity— in September 2015 was 3.7%.
The core sectors, which contribute 38% to the total industrial production, had expanded by 3.2% in August.
As per the official data released on Monday, the cumulative growth of the sector during April-September period of the fiscal was 4.6% against 2.6%in the same period last fiscal.
Production of cement, steel and refinery products grew by 5.5%, 16.3% and 9.3% respectively in September this year. Growth in fertilizer and electricity generation fell to 2% and 2.2% in September 2016, from 18.3% and 11.4% respectively in September 2015.
Production of coal, crude oil and natural gas, however, contracted by 5.8%, 4.1% and 5.5% during the month under review.