Steel output declines in March; cement up 10%
Our Bureau New Delhi, April 29 Steel production has registered a 2.6 per cent dip during March, even as cement output continues to be buoyant, rising 10.1 per cent year-on-year. According to the Ministry of Commerce & Industry's latest data on six core infrastructure industries, the country produced 4.837 million tonnes (mt) of finished (carbon) steel in March, down from 4.965 mt in the same month of the previous year. Cumulative output for 2008-09 (April-March), however, amounted to 53.50 mt, a marginal 0.4 per cent increase over the 53.308 mt for the preceding fiscal. Cement production in March 2009 stood at 18.60 mt (16.89 mt). Output for 2008-09 as a whole, at 187.42 mt, stood 7.5 per cent higher than the 174.31 mt during 2007-08. Among other industries, production of coal rose by 5.2 per cent year-on-year in March (55.70 mt against 52.95 mt), while correspondingly going up 3.3 per cent for refined petroleum products (13 mt against 12.59 mt) and declining by 2.3 per cent in the case of crude oil (2.857 mt against 2.925 mt). During the fiscal ended March 2009, the country produced 33.506 mt of crude oil (down 1.8 per cent from the 34.118 mt for 2007-08), while the corresponding full-fiscal numbers were 149.519 mt (up 3 per cent over 145.175 mt in 2007-08) for refined petro-products and 487.25 mt (up 8.1 per cent over 450.54 mt) for coal. Cumulative electricity output during 2008-09, at 723,555.6 giga watt-hours (Gwh), was 2.7 per cent higher than the 704,469 Gwh produced in the previous fiscal. In March, 64,819.4 Gwh of electricity was generated, up 5.9 per cent over the 61,223.8 Gwh in the same month of 2007-08. http://www.thehindubusinessline.com/2009/04/30/stories/2009043051661700.htm --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups ""GLOBAL SPECULATORS"" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/globalspeculators?hl=en -~----------~----~----~----~------~----~------~--~---
