Index of Eight Core Industries (Base: 2004-05=100), January 2013

The summarized Index of Eight Core Industries with 2004-05 base is given at the Annexure.

The Eight core industries have a combined weight of 37.90 per cent in the Index of Industrial Production (IIP). The combined Index was 158.7 in January 2013 with a growth rate of 3.9% compared to their 2.2% growth in January 2012. The low growth in January, 2013 was on account of negative growth witnessed in the production of Crude Oil, Natural Gas, Fertilizers and Cement.

During April-January 2012-13, the cumulative growth rate of the Core industries was 3.2 % compared to their growth at 5.0% during the corresponding period in 2011-12.

Coal

Coal production (weight: 4.38%) registered a growth of 2.3% in January 2013 compared to its growth at 7.7% in January 2012. In cumulative terms, Coal production recorded a growth of 5.2% during April-January 2012-13 compared to its growth at (-) 1.4% during the same period of 2011-12.

Crude Oil

Crude Oil production (weight: 5.22%) registered a growth of (-)0.2% in January 2013 compared to its (-) 2.0% growth in January 2012. Cumulatively, Crude Oil production recorded a growth of (-) 0.4% during April-January 2012-13 compared to its growth at 1.5% during the same period of 2011-12.

Natural Gas

The growth rate of Natural Gas production (weight: 1.71%) was negative both in January, 2013 at (-) 16.8% and in January 2012 at (-) 10.4%. Cumulatively also, Natural Gas production registered a negative growth of (-) 13.7% during April-January 2012-13 and (-) 8.9% during the same period of 2011-12.

Petroleum Refinery Products (0.93% of Crude Throughput)*

Petroleum refinery production (weight: 5.94%) had a growth of 10.5% in January 2013 compared to its growth at (-) 4.6% in January 2012. In cumulative terms, Petroleum refinery production registered a growth of 7.3% during April-January 2012-13 compared to its 3.0% growth during the same period of 2011-12.

Fertilizers

Fertilizer production (weight: 1.25%) registered a growth of (-) 9.1% in January 2013 against its growth at 4.0% in January 2012. Cumulatively, Fertilizer production registered a growth of (-) 4.0% during April-January 2012-13 compared to its (-) 0.1% growth during the same period of 2011-12.

Steel (Alloy + Non-Alloy)**

Steel production (weight: 6.68%) had a growth rate of 9.4% in January 2013 against its 4.5% growth in January 2012. Cumulatively, Steel production registered 3.1% growth during April-January 2012-13 compared to its 10.9% growth during the same period of 2011-12.

Cement

Cement production (weight: 2.41%) registered a growth of (-) 6.6% in January 2013 against its 10.9% growth in January 2012. The cumulative growth of Cement Production was 4.6% during April-January 2012-13 compared to its 6.3% growth during the same period of 2011-12.

Electricity

Electricity generation (weight: 10.32%) had a 5.9% growth in January 2013 compared to its 3.2% growth in January 2012. The cumulative growth of Electricity generation was 4.8% during April-January 2012-13 compared to its 8.7% growth during the same period of 2011-12.

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* RPL (SEZ) with refining capacity 29MMT was commissioned on 25.12.2008 but crude throughput not reported by the refinery and not included in production for entire period.

** Steel (Alloy & Non-Alloy) Index stands revised from April, 2011 as per the final production data received from Joint Plant Committee, Kolkata.

N.B: Data are provisional. Revision has been made based on revised data obtained.

DS/RK

(Release ID :92776)