April core infra grows at (-) 0.4%

The core infrastructure grows to (-)0.4% (Y-O-Y) in April 2015 as compared to (-)0.1% (Y-O-Y) in March 2015. The combined index of Eight Core Industries stands at 162.4 in April 2015 with a growth rate of (-) 0.4% in April 2015 as compared to 5.7% in April 2014. Crude oil and Natural gas registered a growth rate of (-)2.7% and (-)3.6% respectively in the month of April 2015.    Sector wise trend in monthly production                                                            (% growth) Sector Weight in IIP April’15 March’15 Crude Oil 5.22 (-)2.7 1.7 Natural Gas 1.71 (-)3.6 (-)1.5 Petroleum Refinery Products 5.94 (-)2.9 (-)1.3 Coal 4.38 7.9 6.0 Fertilizer 1.25 (-)0.04 5.2 Electricity 10.32 (-)1.1 1.7 Cement 2.41 (-)2.4 (-)4.2 Steel 6.68 0.6 (-)4.4 Overall 37.90 (-)0.4 (-)0.1   Source: PHD Research Bureau, compiled from the office of the economic advisor to the Govt. of India In cumulative terms, core infrastructure industries registered a growth of 3.6% during April- March 2014-15 as against 4.2% during the corresponding period of the previous year.          Sector wise trend in production                                                                                   (% growth)   Sector Weight Apr-Mar 2014-15 Apr-  Mar 2013-14 Crude Oil 5.22 (-)0.9 (-)0.2 Natural Gas 1.71 (-)5.2 (-)13.0 Petroleum Refinery Products 5.94 0.4 1.5 Coal 4.38 8.4 1.3 Fertilizer 1.25 (-)0.1 1.5 Electricity 10.32 8.1 6.0 Cement 2.41 5.7 3.1 Steel 6.68 0.8 11.5 Overall 37.90 3.6 4.2    Source: PHD Research Bureau, compiled from the office of the economic advisor to the Govt. of India Electricity generation grew by 8.1% during Apr–March 2014-15 as against 6.0% growth during Apr– March 2013-14, while steel production grew by 0.8% during Apr– March 2014-15 as against 11.5% during Apr- March 2013-14. The production in crude oil grew by (-)0.9% during Apr– March 2014-15 as compared to its growth at (-)0.2% during Apr–March 2013-14, whereas petroleum refinery production registered a growth of 0.4% during Apr–March 2014-15 as compared to 1.5% during Apr– March 2013-14. Fertilizer production grew by (-)0.1% during Apr– March 2014-15 compared to its growth at 1.5% during Apr– March 2013-14 and cement production grew by 5.7% during Apr– March 2014-15 compared to its growth at 3.1% during Apr– March 2013-14.  Trend in growth of steel, cement, electricity, coal and overall                                 (%) Source: PHD Research Bureau, compiled from the office of the economic advisor to the Govt. of India