Infrastructure firms expand 5.3% in Nov

Infrastructure firms expand 5.3% in Nov

New Delhi: Core infrastructure industries grew by 5.3% in November against a meagre 0.8% a year ago, in line with the recovery in industrial growth.

Steel and petroleum refinery products turned the table by expanding 11.7% and 4.9% respectively in November. These segments had shown a contraction of 6.3% and 1.1% last year.

However, India’s crude oil production declined in November, led by lower output at Oil and Natural Gas Corp. Ltd.

India pumped 2.79 million metric tonnes of oil last month, 1.5% less than a year earlier, the oil ministry said.