Infrastructure sector growth hits three-month high

 PTI   New Delhi     Last Updated: November 1, 2016  | 08:40 IST
Infrastructure sector growth hits three-month high

Infrastructure sector recorded a growth rate of five per cent 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, fertilisers, steel, cement and electricity - was 3.7 per cent in September 2015.

The core sectors, which contribute 38 per cent to the total industrial production, had expanded by 3.2 per cent in August.

According to the official data released on Monday, the cumulative growth of the sector during April-September period of the fiscal year was 4.6 per cent as against 2.6 per cent in the corresponding period last fiscal year.

Production of cement, steel and refinery products grew by 5.5 per cent, 16.3 per cent and 9.3 per cent, respectively, in September this year.

Growth in fertiliser and electricity generation fell to two per cent and 2.2 per cent in September 2016, from 18.3 per cent and 11.4 per cent, respectively, in September 2015.

Production of coal, crude oil and natural gas, however, contracted by 5.8 per cent, 4.1 per cent and 5.5 per cent during the month under review.

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