core sector communique

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

The   Eight core industries have a combined weight of 37.90 per cent in the Index of Industrial Production (IIP).  The combined Index was 143.1 in August 2012 with a growth rate of 2.1% compared to their 3.8% growth in August 2011.  The moderation in growth was on account of the negative growths in the production of Natural Gas, Cement, Fertilizers and Crude Oil, besides a decline in the growth rates of Steel and Electricity production. During April-August 2012-13, the cumulative growth rate of the Core industries was 2.8 % as against their growth at 5.5% during the corresponding period in 2011-12. Coal             Coal production (weight: 4.38%) registered a growth of 11.0% in August2012 compared to its negative growth at (-) 15.2% in August 2011. In cumulative terms also Coal production recorded a growth of 6.3% during April-August 2012-13 compared to its negative growth at (-) 2.3% during the same period of 2011-12.  Crude Oil             Crude Oil production (weight: 5.22%) had a negative growth of (-) 0.6% inAugust 2012 compared to its 1.6% growth in August 2011. Cumulatively, Crude Oil production recorded a negative growth of (-) 0.6% during April-August 2012-13 compared to its growth at 6.1% during the same period of 2011-12. Natural Gas             The growth rate of Natural Gas production (weight: 1.71%) was negative both in August, 2012, at (-) 13.5% and in August 2011 at (-) 5.3%. Cumulatively also, Natural Gas production registered negative growth of (-) 12.1% during April-August 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 8.4% in August2012 compared to its growth at 3.8% in August 2011.  In cumulative terms, Petroleum refinery production registered a growth of 4.3% during April-August 2012-13 compared to its 4.7% growth during the same period of 2011-12. Fertilizers             Fertilizer production (weight: 1.25%) registered a negative growth of (-) 2.1% in August 2012 against its growth at 4.3% in August 2011. Cumulatively, Fertilizer production registered negative growth of (-) 7.9% during April-August 2012-13 compared to 1.2% growth during the same period of 2011-12.  Steel (Alloy + Non-Alloy)             Steel production (weight: 6.68%) had a growth rate of 1.8% in August 2012 against its 7.9% growth in August 2011. Cumulatively, Steel production registered 2.7%growth during April-August 2012-13 compared to its 9.9% growth during the same period of 2011-12. Cement             Cement production (weight: 2.41%) registered a negative growth of (-) 2.4% in August 2012 against its 8.4% growth in August 2011. The cumulative growth of Cement Production was 5.4% during April-August 2012-13 compared to its 4.1% growth during the same period of 2011-12. Electricity             Electricity generation (weight: 10.32%) had a 1.7% growth in August 2012 compared to its 9.4% growth in August 2011. The cumulative growth of Electricitygeneration was 4.9% during April-August 2012-13 compared to 9.4% 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.