Growth of Key Infrastructure Sectors Slows to 4.3% in November
Cement

Growth of Key Infrastructure Sectors Slows to 4.3% in November

The growth rate of eight key infrastructure sectors slowed to 4.3% in November 2024, compared to 7.9% in the same month last year, according to official data released. On a monthly basis, however, production growth in these sectors reached a four-month high. In October 2024, output in the sectors expanded by 3.7%. November saw a contraction in the production of crude oil and natural gas. The growth in coal, refinery products, fertiliser, steel, and electricity also moderated to 7.5%, 2.9%, 2%, 4.8%, and 3.8%, respectively, compared to last year’s growth rates of 10.9%, 12.4%, 3.3%, 9.7%, and 5.8%. On a positive note, cement production increased by 13% in November. For the period between April and November of the current fiscal year, the growth in core sectors stood at 4.2%, down from 8.7% during the same period last year. These eight core sectors contribute 40.27% to the Index of Industrial Production (IIP), which gauges overall industrial performance. Aditi Nayar, Chief Economist at ICRA Ltd, noted that the sequential increase in core sector performance was largely driven by a sharp rise in cement output, influenced by a low base. She also expects the IIP to grow by 5-7% in November 2024, partly due to the uptick in core sector growth. (ET)

The growth rate of eight key infrastructure sectors slowed to 4.3% in November 2024, compared to 7.9% in the same month last year, according to official data released. On a monthly basis, however, production growth in these sectors reached a four-month high. In October 2024, output in the sectors expanded by 3.7%. November saw a contraction in the production of crude oil and natural gas. The growth in coal, refinery products, fertiliser, steel, and electricity also moderated to 7.5%, 2.9%, 2%, 4.8%, and 3.8%, respectively, compared to last year’s growth rates of 10.9%, 12.4%, 3.3%, 9.7%, and 5.8%. On a positive note, cement production increased by 13% in November. For the period between April and November of the current fiscal year, the growth in core sectors stood at 4.2%, down from 8.7% during the same period last year. These eight core sectors contribute 40.27% to the Index of Industrial Production (IIP), which gauges overall industrial performance. Aditi Nayar, Chief Economist at ICRA Ltd, noted that the sequential increase in core sector performance was largely driven by a sharp rise in cement output, influenced by a low base. She also expects the IIP to grow by 5-7% in November 2024, partly due to the uptick in core sector growth. (ET)

Next Story
Infrastructure Urban

Welspun Enterprises Wins 910 MLD Panjrapur WTP Contract

Welspun Enterprises (WEL), the infrastructure and energy arm of Welspun World, has secured a major contract from the Brihanmumbai Municipal Corporation (BMC) to design, build and operate a 910 million litres per day (MLD) Water Treatment Plant (WTP) at Panjrapur, Maharashtra.Valued at approximately Rs 31.45 billion, the project encompasses end-to-end civil, mechanical, electrical and instrumentation works, including the construction of a treated water sump and pumping station. Of the total value, nearly Rs 11.56 billion is allocated to Operations & Maintenance (O&M), with an additional..

Next Story
Infrastructure Energy

Mitsubishi Power Wins Boiler Upgrade Contract for O Mon 1 Plant

Mitsubishi Power, a power solutions brand of Mitsubishi Heavy Industries, (MHI), has been awarded a contract to support the oil-to-natural-gas fuel conversion at the O Mon 1 Thermal Power Plant in Can Tho, southern Vietnam. As the OEM of the plant’s existing boiler, Mitsubishi Power will supply key equipment—including new gas burners—and implement a selective catalytic reduction (SCR) system to reduce NOx emissions and help the plant meet stricter environmental standards.The O Mon 1 facility includes two 330 MW units that commenced operations in 2009 and 2015, with all major equipment or..

Next Story
Equipment

Liebherr’s 10,000th XPower Wheel Loader Joins BERGER’s Fleet

BERGER Rohstoffe GmbH has welcomed the 10,000th Liebherr XPower wheel loader to its operations at the Schlag granite quarry in Passau. The milestone machine, officially handed over at Liebherr’s Bischofshofen plant in May 2025, underscores the long-standing partnership between BERGER, Liebherr, and the Beutlhauser Group. Equipped with Liebherr’s signature power-split travel drive, the new L 580 XPower is already delivering strong results under demanding quarry conditions.At the Schlag quarry, BERGER Rohstoffe processes approximately 200,000 tonnes of Bayerwald granite annually into high-qu..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement