Coal news and updates

Dec IIP falls 0.6%, contracts for three consecutive months

February 13: After a sharp contraction in November 2013, India's Index of Industrial Production (IIP) fell 0.6 % on a year-on-year basis in December, 2013, indicating contraction for three consecutive months, according to provisional data released by the Ministry of Statistics and Programme Implementation.
 
On month-on month basis, however, there was improvement in IIP as against a contraction of 2.1% y-o-y in November 2013.  
 
According to the data released by the government, industrial output for April-December, 2013-14 contracted 0.1% compared to the same period of 2012-13.
 
Despite a pick-up in core infrastructure industries such as mining and electricity, industrial production fell in December 2013 as the manufacturing sector contacted 1.6% to 188.0 in December 2013, against a contraction of 0.8% in the year-ago period (December 2012).
 
On a cumulative basis, the sector's output contracted by 0.1% during April-December, 2013-14 compared to a growth of 0.7 % in the same period of 2012-13.
 
Power generation stood at 169.4 in the month under review, registering a growth of 7.5% over a growth of 5.2% during the corresponding period last year. The segment grew by 5.6% in April-December, 2013-14 over 4.6% growth during the corresponding period of 2012-13.