Coal news and updates

Core sector index up 3.7 % y-o-y in August

September 30: The index of eight core industries, which have a combined weight of 37.90% in the Index of Industrial Production (IIP), stood at 154.5 in August, 2013, which was 3.7% higher compared to the index of August, 2012.
All the core sectors, including coal, petroleum refinery, fertiliser, steel, cement recorded an increase while only crude oil and natural gas showed a moderation in production during the month, according to provisional data released by the Ministry of Commerce and Industry.
The coal sector (weight 4.38%) registered a growth of 5.5% in August, 2013 over August, 2012. The coal production cumulative index during April-August, 2013 also increased by 0.5% over the corresponding period of the previous year.
Crude oil production (weight: 5.22%) was moderated by 1.5% in August, 2013 over August, 2012. Cumulative growth of crude oil production during April to August, 2013-14 moderated by 1.6% over the corresponding period of the previous year.
The growth rate of natural gas production (weight: 1.71%) declined by16.1 % in August, 2013 over the same month last year. Cumulative growth of natural gas production during April to August, 2013-14 declined by 17.0 % over the corresponding period of the previous year.

Among other core sector industries, steel production (weight: 6.68%) clocked a growth of 4.3% in August, 2013 over the same month last year, while cement production (weight: 2.41%) registered a growth increase by 5.5% in August year-on-year. Electricity generation (weight 10.32%) increased by 6.7% in August 2013 over the same period last year.