core sector communique

Index of Eight Core Industries (Base: 2004-05=100), May 2012

1.         The summarized0020Index of Eight Core Industries with 2004-05 base is given at theAnnexure. 2.         The   Eight core industries have a combined weight of 37.90 per cent in the Index of Industrial Production (IIP).  The combined Index was 150.9 in May 2012 with a growth rate of 4.6% compared to their 5.8% growth in May 2011.  During April-May 2012-13, the cumulative growth rate of the Core industries was 4.2 % as against their growth at 5.0% during the corresponding period in 2011-12. Coal 3.         Coal production (weight: 4.38%) registered a growth of 8.0% in May 2012 compared to its growth at 1.3% in May 2011. However, in cumulative terms Coal production had a growth of 5.9% during April-May 2012-13 compared to its growth at 2.0% during the same period of 2011-12.  Crude Oil 4.         Crude Oil production (weight: 5.22%) registered a growth of 0.5% in May 2012 compared to its growth at 9.8% in May 2011. Cumulatively Crude Oil production registered a growth of (-) 0.4% during April-May 2012-13 compared to its growth at 10.4% during the same period of 2011-12. Natural Gas 5.         Natural Gas production (weight: 1.71%) registered a growth of (-) 10.8% inMay 2012 compared to its growth at (-) 9.6% in May 2011. Cumulatively, Natural Gas production registered a growth of (-) 11.1% during April-May 2012-13 compared to its growth at (-) 9.5% during the same period of 2011-12. Petroleum Refinery Products (0.93% of Crude Throughput)* 6.         Petroleum refinery production (weight: 5.94%) had a growth of 2.9% in May2012 compared to its growth at 4.5% in May 2011.  In cumulative terms Petroleum refinery production registered a growth of 1.8% during April-May 2012-13 compared to its 5.5% growth during the same period of 2011-12. Fertilizers 7.         Fertilizer production (weight: 1.25%) registered a growth of (-) 15.1% in May2012 against its growth at 7.3% in May 2011. Cumulatively Fertilizer production had a growth of (-) 12.4% during April-May 2012-13 corresponding to 3.1% growth during the same period of 2011-12.  Steel (Alloy + Non-Alloy) 8.         Steel production (weight: 6.68%) had a growth rate of 4.9% in May 2012 against its 8.0% growth in May 2011. Cumulatively Steel production had a 5.8% growth during April-May 2012-13 compared to its 5.5% growth during the same period of 2011-12. Cement 9.         Cement production (weight: 2.41%) registered a growth of 22.1% in May 2012 against its (-) 1.2% growth in May 2011. The cumulative growth of Cement Productionwas 20.3% during April-May 2012-13 compared to its   (-) 0.6% growth during the same period of 2011-12. Electricity 10.        Electricity generation (weight: 10.32%) had a 5.2% growth in May 2012 compared to its 10.3% growth in May 2011. The cumulative growth of Electricity generation was 5.3% during April-May 2012-13 compared to  8.4% growth during the same period of 2011-12. * 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.  N.B: Data are provisional. Revision has been made based on revised data obtained.