India's Infrastructure Output Slows to 8.1 per cent Growth

01 Nov 2023 CW Team

India's infrastructure output showed an 8.1 per cent year-on-year increase in September, according to government data. However, this growth rate represented a four-month low, and the expansion in most sectors decelerated. The term "infrastructure output" encompasses eight key sectors, including coal and electricity, contributing to almost 40 per cent of the country's industrial output.

Despite the overall slowdown, some sectors displayed robust performance during September. Electricity generation recorded a notable 9.3 per cent growth, while coal production surged by 16.1 per cent. The steel sector expanded by 9.6 per cent, demonstrating significant progress. Additionally, cement output increased by 4.7 per cent. However, there was a slight decline of 0.4 per cent in crude oil production during the same period.

Economists, such as Aditi Nayar from ICRA, have attributed the dampened growth to a pickup in rainfall, which hurt the core sector's expansion in September. She further predicted that the Index of Industrial Production, which measures industrial output growth, is likely to moderate to high single digits in September 2023, following the trajectory of the core sector.

For the first six months of the financial year that began on April 1, infrastructure output demonstrated a year-on-year growth of 7.8 per cent, according to the data.

Building Material

18 Sep 2025

Ambuja Cements Drags JSW Cement to Court Over ‘Kawach’ Brand

Ambuja Cements, part of the Adani Group, has filed a trademark infringement case against JSW Cement in the Delhi High Court, alleging that its rival copied the ‘Kawach’ brand with its new product ‘Jal Kavach’.Justice Manmeet Pritam Singh Arora issued summons to JSW Cement and its subsidiary, JSW IP Holdings Pvt Ltd, while referring the matter to mediation. Hearings are scheduled to resume on October 15 if no settlement is reached.Ambuja, which registered the ‘Kawach’ trademark in 2019, argues that the term ‘Kavach’—meaning shield—is the distinctive feature of its branding. ..

Bentley Systems Named Innovation Partner of the Year 2025 by Afcons

Bentley Systems, the infrastructure engineering software company, has been recognised by Afcons Infrastructure Limited as its Innovation Partner of the Year 2025 at the Innovation Partners 2025 Felicitation Ceremony in Mumbai. The award acknowledges Bentley’s contribution to Afcons’ engineering digitalisation journey through an enterprise agreement providing access to over 250 Bentley engineering software tools. This adoption has enabled Afcons to accelerate project delivery, standardise digital workflows, and strengthen innovation across its infrastructure portfolio. Among key i..

SBI Sells 13.18% Stake in Yes Bank to Japan’s SMBC

State Bank of India (SBI) has completed the sale of a 13.18 per cent stake in Yes Bank to Japan’s Sumitomo Mitsui Banking Corporation (SMBC) for over Rs 8,889 crore. The divestment is part of a Rs 13,482 crore deal finalised in May with SMBC and seven private banks.Following the transaction, SBI’s shareholding in Yes Bank stands at 10.8 per cent. The deal, involving 4,134.4 million shares at Rs 21.50 each, is the largest cross-border transaction in the Indian banking sector.SBI Chairman C S Setty described the 2020 RBI-led rescue of Yes Bank as a pioneering public-private partnership, addi..