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The Wire
2 days ago
- Business
- The Wire
Coal Production Falls by 6.8%, Crude Oil Output Too Reduces
The sectors which recorded a positive growth included refinery products (3.4 per cent), steel (9.3 per cent), and cement (9.2 per cent). New Delhi: India's core infrastructure sector saw a three-month high of 1.7 per cent in June, increasing from 1.2 per cent in May. However, according to data released by the Ministry of Commerce and Industry on Monday (July 21), the output of five important sectors including coal, crude oil, natural gas, fertiliser, and electricity recorded a negative growth in June, reported Economic Times. The sectors which recorded a positive growth included refinery products (3.4 per cent), steel (9.3 per cent), and cement (9.2 per cent). On the other hand, coal production fell by 6.8 per cent in June, while crude oil output too reduced by 1.2 per cent. Natural gas and fertiliser output also decreased by 2.8 per cent and 1.2 per cent in June, respectively. At the same time, electricity generation too reduced 2.8 per cent year-on-year in June. The combined individual performance in terms of output by eight core industries including coal, crude oil, natural gas, refinery products, fertilizers, steel, cement and electricity is reflected by the Index of Core Industries. These eight make up 40.27 per cent of the total weight of India's Index of Industrial Production (IIP). The Wire is now on WhatsApp. Follow our channel for sharp analysis and opinions on the latest developments.
NDTV
3 days ago
- Business
- NDTV
India's 8 Core Industries Post 1.7% Growth In June
New Delhi: India's core industries comprising eight sectors reported 1.7 per cent growth in June 2025, down from 5 per cent in the same month of 2024, data released on Monday by Ministry of Commerce and Industry showed. On a month-on-month basis, the expansion in June is relatively up, when these key sectors grew by 1.2 per cent. Commerce ministry data showed the production of steel, cement and refinery products recorded positive growth in June 2025. The Index of Eight Core Industries (ICI) measures the combined and individual performance of production of eight core industries -- Coal, Crude Oil, Natural Gas, Refinery Products, Fertilizers, Steel, Cement and Electricity. The Eight Core Industries comprise 40.27 per cent of the weight of items included in the Index of Industrial Production (IIP). The cumulative growth rate of ICI during April to June, 2025-26 is 1.3 per cent (provisional) as compared to the corresponding period of last year. The summary of the Index of Eight Core Industries is given below: Coal - Coal production (weight: 10.33 per cent) declined by 6.8 per cent in June, 2025 over June, 2024. Its cumulative index declined by 0.3 per cent during April to June, 2025-26 over corresponding period of the previous year. Crude Oil - Crude Oil production (weight: 8.98 per cent) declined by 1.2 per cent in June, 2025 over June, 2024. Its cumulative index declined by 2.0 per cent during April to June, 2025-26 over corresponding period of the previous year. Natural Gas - Natural Gas production (weight: 6.88 per cent) declined by 2.8 per cent in June, 2025 over June, 2024. Its cumulative index declined by 2.5 per cent during April to June, 2025-26 over corresponding period of the previous year. Petroleum Refinery Products - Petroleum Refinery production (weight: 28.04 per cent) increased by 3.4 per cent in June, 2025 over June, 2024. Its cumulative index remained constant during April to June, 2025-26 over corresponding period of the previous year. Fertilizers - Fertilizer production (weight: 2.63 per cent) declined by 1.2 per cent in June, 2025 over June, 2024. Its cumulative index declined by 3.8 per cent during April to June, 2025-26 over corresponding period of the previous year. Steel - Steel production (weight: 17.92 per cent) increased by 9.3 per cent in June, 2025 over June, 2024. Its cumulative index increased by 7.0 per cent during April to June, 2025-26 over corresponding period of the previous year. Cement - Cement production (weight: 5.37 per cent) increased by 9.2 per cent in June, 2025 over June, 2024. Its cumulative index increased by 8.4 per cent during April to June, 2025-26 over corresponding period of the previous year. Electricity - Electricity generation (weight: 19.85 per cent) declined by 2.8 per cent in June, 2025 over June, 2024. Its cumulative index declined by 2.0 per cent during April to June, 2025-26 over corresponding period of the previous year. "Although the year-on-year (YoY) growth in core output improved slightly to 1.7 per cent in June 2025 from 1.2 per cent in May 2025, it remained decidedly tepid, with as many as five of the eight sectors recording a contraction in their output in the month," said Aditi Nayar, Chief Economist, ICRA Ltd. "While an elevated base weighed upon coal output, excess rains in the latter half of June 2025 impacted electricity generation." "Encouragingly, the output of the cement and steel sectors rose by a robust 9.2-9.3 per cent in June 2025, although this was supported by a favourable base in the case of the former. The growth in volumes of these segments has been quite healthy in Q1 FY2026, which implies that the construction sector is poised to record a robust GVA growth in the quarter. Given the subdued growth in core output, ICRA expects the IIP growth to print at 1.5-2.5 per cent in June 2025," added Nayar. Release of the index for July, 2025 will be on Wednesday, August 20, 2025.
Economic Times
3 days ago
- Business
- Economic Times
June core output at 3-month high on steady govt capex
Synopsis India's core sector shows growth. Output reached a three-month high in June at 1.7%. Government spending on infrastructure supported this growth. Steel and cement production increased. Refinery products also saw gains. However, coal, natural gas, electricity, crude oil, and fertilizers declined. Experts predict further improvement in July. Industrial activity may be impacted. ANI Representative Image New Delhi: India's core sector output grew to a three-month high of 1.7% in June, driven by sustained government capital expenditure that supported infrastructure-related sectors, even as five of the eight core industries recorded contraction, official data released Monday showed. The growth was 1.2% in May and 5% in June 2024."Steady government capex, along with the reasonable growth in steel, cement and refinery products pulled up the infrastructure output to a three-month high," said Paras Jasrai, associate director at India Ratings and Research (Ind-Ra).The steel output surged to a seven-month high of 9.3% in June, while cement production increased by 9.2%, due to a favourable base effect. "The growth in volumes of these segments has been quite healthy in Q1FY26, which implies that the construction sector is poised to record a robust GVA (gross value added) growth in the quarter," said Aditi Nayar, chief economist at ICRA. Official GVA figures for the June quarter will be released in August. Output of refinery products grew to a five-month high of 3.4% strong performance of these three sectors helped prevent a contraction in core sector output, offsetting decline in other five industries - coal (6.8%), natural gas and electricity (2.8% each), and crude oil and fertilizers (1.2% each)."While an elevated base weighed upon coal output, excess rains in the latter half of June impacted electricity generation," explained added that the swift progression of the southwest monsoon across the country along with a high base effect were some of the average, core sector output averaged 1.3%, lower than 6.2% in the corresponding period last ahead, Ind-Ra projects core sector output to improve further to around 2% year-on-year in the eight core industries account for 40.27% weight in the Index of Industrial Production (IIP), economists expect the tepid growth in core sector output to impact industrial activity as output grew by 1.2% year-on-year in May from 2.6% in April, according to official data released last month. Estimates for June will be released on July anticipates IIP growth to remain around 1.5% in July, while ICRA expects 1.5-2.5%.
Time of India
3 days ago
- Business
- Time of India
June core output at 3-month high on steady govt capex
New Delhi: India's core sector output grew to a three-month high of 1.7% in June, driven by sustained government capital expenditure that supported infrastructure-related sectors, even as five of the eight core industries recorded contraction, official data released Monday showed. The growth was 1.2% in May and 5% in June 2024. "Steady government capex, along with the reasonable growth in steel, cement and refinery products pulled up the infrastructure output to a three-month high," said Paras Jasrai, associate director at India Ratings and Research (Ind-Ra). Explore courses from Top Institutes in Select a Course Category Data Analytics Technology Design Thinking healthcare PGDM Cybersecurity Data Science Management Operations Management Degree Others Public Policy Product Management Artificial Intelligence Project Management Data Science Finance others Leadership MCA CXO MBA Digital Marketing Healthcare Skills you'll gain: Data Analysis & Visualization Predictive Analytics & Machine Learning Business Intelligence & Data-Driven Decision Making Analytics Strategy & Implementation Duration: 12 Weeks Indian School of Business Applied Business Analytics Starts on Jun 13, 2024 Get Details The steel output surged to a seven-month high of 9.3% in June, while cement production increased by 9.2%, due to a favourable base effect. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Millions Impacted By Undisclosed Commissions And Misleading Car Finance Agreements My Car Loan Claims Learn More Undo "The growth in volumes of these segments has been quite healthy in Q1FY26, which implies that the construction sector is poised to record a robust GVA (gross value added) growth in the quarter," said Aditi Nayar, chief economist at ICRA . Live Events Official GVA figures for the June quarter will be released in August. Output of refinery products grew to a five-month high of 3.4% year-on-year. The strong performance of these three sectors helped prevent a contraction in core sector output, offsetting decline in other five industries - coal (6.8%), natural gas and electricity (2.8% each), and crude oil and fertilizers (1.2% each). "While an elevated base weighed upon coal output, excess rains in the latter half of June impacted electricity generation," explained Nayar. Jasrai added that the swift progression of the southwest monsoon across the country along with a high base effect were some of the reasons. On average, core sector output averaged 1.3%, lower than 6.2% in the corresponding period last year. Looking ahead, Ind-Ra projects core sector output to improve further to around 2% year-on-year in July. Since the eight core industries account for 40.27% weight in the Index of Industrial Production (IIP), economists expect the tepid growth in core sector output to impact industrial activity as well. Industrial output grew by 1.2% year-on-year in May from 2.6% in April, according to official data released last month. Estimates for June will be released on July 28. Ind-Ra anticipates IIP growth to remain around 1.5% in July, while ICRA expects 1.5-2.5%.
Business Standard
3 days ago
- Business
- Business Standard
Core sector grows at 1.7% on year in June, Steel and Cement production spikes
The combined Index of Eight Core Industries (ICI) increased by 1.7 per cent (provisional) in June, 2025 as compared to the Index in June, 2024, marking its best performance in three months. The Eight Core Industries comprise 40.27 percent of the weight of items included in the Index of Industrial Production (IIP). The final growth rate of Index of Eight Core Industries for May 2025 was observed at 1.2 per cent. The cumulative growth rate of ICI during April to June, 2025-26 is 1.3 per cent (provisional) as compared to the corresponding period of last year. Here are the sector wise details: Coal production (weight: 10.33 per cent) declined by 6.8 per cent in June, 2025 over June, 2024. Its cumulative index declined by 0.3 per cent during April to June, 2025-26 over corresponding period of the previous year. Crude Oil production (weight: 8.98 per cent) declined by 1.2 per cent in June, 2025 over June, 2024. Its cumulative index declined by 2.0 per cent during April to June, 2025-26 over corresponding period of the previous year. Natural Gas production (weight: 6.88 per cent) declined by 2.8 per cent in June, 2025 over June, 2024. Its cumulative index declined by 2.5 per cent during April to June, 2025-26 over corresponding period of the previous year. Petroleum Refinery production (weight: 28.04 per cent) increased by 3.4 per cent in June, 2025 over June, 2024. Its cumulative index remained constant during April to June, 2025-26 over corresponding period of the previous year. Fertilizer production (weight: 2.63 per cent) declined by 1.2 per cent in June, 2025 over June, 2024. Its cumulative index declined by 3.8 per cent during April to June, 2025-26 over corresponding period of the previous year. Steel production (weight: 17.92 per cent) increased by 9.3 per cent in June, 2025 over June, 2024. Its cumulative index increased by 7.0 per cent during April to June, 2025-26 over corresponding period of the previous year. Cement production (weight: 5.37 per cent) increased by 9.2 per cent in June, 2025 over June, 2024. Its cumulative index increased by 8.4 per cent during April to June, 2025-26 over corresponding period of the previous year. Electricity generation (weight: 19.85 per cent) declined by 2.8 per cent in June, 2025 over June, 2024. Its cumulative index declined by 2.0 per cent during April to June, 2025-26 over corresponding period of the previous year.
