India's core sector growth at 8.1% in September 2023: Centre

India's core sector comprising of eight key infrastructure components increased by 8.1% year-on-year (YoY) in September 2023, as per the data released by Commerce and Industry Ministry on Tuesday.

 

The production of Coal, Steel, Electricity, Natural Gas, Refinery Products, Cement and Fertilizers recorded positive growth in September 2023 over the corresponding month of last year, said the Ministry.

 

Further, the ICI measures combined and individual performance of production of eight core industries and comprise 40.27% of the weight of items included in the Index of Industrial Production (IIP).

 

As per the data released on Tuesday, cement production increased by 4.7% in September 2023 over September 2022. Coal production increased by 16.1% during this period.

 

However, crude oil production declined by 0.4% in the month of September 2023 over last year. Electricity generation grew 9.3% yoy during this month. Fertilizer production increased by 4.2% during this period.

 

While petroleum refinery production increased by 5.5% yoy in September 2023, the steel production increased by 9.6% during this period.

Top stories
Company

L&T Partners with PS Technology to Revolutionise Railways

6 mins read . 02 Aug 2024 . 12:45 PM

Company

Jindal Saw Q1 FY24 PAT Rises 67% to Rs 441 Cr

4 mins read . 02 Aug 2024 . 12:41 PM

Company

Pfizer Q1 FY25 PAT Zooms 61% to Rs 151 Cr

4 mins read . 02 Aug 2024 . 12:36 PM

Related Blogs
blog-logo

Share Market

blog-logo

9 mins read . 30 Oct 2024

Top Small Finance Bank Stocks in India

  • 0 people read
blog-logo

Insights

blog-logo

10 mins read . 30 Oct 2024

How to do Valuation Analysis of a Company

  • 0 people read
Kickstart your equities journey today You've got this
By submitting this I agree to the terms & conditions