+
June sees key infra sector growth soar to 8.2%
ECONOMY & POLICY

June sees key infra sector growth soar to 8.2%

Output of eight key infrastructure sectors expanded at a five-month rate of 8.2% in June on healthy performance by sectors such as natural gas and steel, according to the official data released on Monday. However, production growth was slower than 13.1% recorded in June 2022.

Core sector growth in June is the highest since January 2023 when the key sectors expanded at 9.7%. In May 2023, the growth rate was 5%. The output growth of the eight sectors slowed down to 5.8% in April-June 2023-24 against 13.9% in the year-ago period.

In June, steel output jumped by 21.9% as against 3.3% in the same month last year. Natural gas production increased by 3.6% during the month under review as compared to 1.2% in June 2022. Coal output growth slowed down to 9.8% in June 2023 as against 32.1% in June 2022.

The growth rate in the production of refinery products, fertiliser, cement and electricity slowed down to 4.6%, 3.4%, 9.4% and 3.3% as against 15.1%, 8.2%, 19.7%, and 16.5% respectively. Crude oil production dipped by 0.6%.

Commenting on the numbers, ICRA Ltd Chief Economist Aditi Nayar said that the tardy onset of the monsoon contributed to the improved performance of electricity and coal.

Output of eight key infrastructure sectors expanded at a five-month rate of 8.2% in June on healthy performance by sectors such as natural gas and steel, according to the official data released on Monday. However, production growth was slower than 13.1% recorded in June 2022.Core sector growth in June is the highest since January 2023 when the key sectors expanded at 9.7%. In May 2023, the growth rate was 5%. The output growth of the eight sectors slowed down to 5.8% in April-June 2023-24 against 13.9% in the year-ago period.In June, steel output jumped by 21.9% as against 3.3% in the same month last year. Natural gas production increased by 3.6% during the month under review as compared to 1.2% in June 2022. Coal output growth slowed down to 9.8% in June 2023 as against 32.1% in June 2022.The growth rate in the production of refinery products, fertiliser, cement and electricity slowed down to 4.6%, 3.4%, 9.4% and 3.3% as against 15.1%, 8.2%, 19.7%, and 16.5% respectively. Crude oil production dipped by 0.6%.Commenting on the numbers, ICRA Ltd Chief Economist Aditi Nayar said that the tardy onset of the monsoon contributed to the improved performance of electricity and coal.

Next Story
Infrastructure Urban

Revolt Motors Unveils ‘Azadi From Petrol’ Offer

To mark India’s 78th Independence Day, Revolt Motors, the country’s leading electric motorcycle brand, has introduced its special “Azadi From Petrol” offer, encouraging riders to break free from rising fuel costs and embrace smarter, sustainable mobility.Under this limited-period scheme, customers purchasing any Revolt electric motorcycle can enjoy benefits worth up to Rs 20 million. The package includes zero insurance fees, providing free coverage valued at up to Rs 7 million, along with cash savings of up to Rs 13 million.The initiative highlights Revolt’s mission to make electric ..

Next Story
Infrastructure Energy

Inox Green Signs 182 MW Wind O&M Deal

Inox Green Energy Services Ltd., one of India’s leading renewable energy operations and maintenance (O&M) providers, has signed an agreement with a major diversified Indian conglomerate for the comprehensive O&M of 182 MW of operational wind projects under its renewable energy division.Located across multiple sites in Western India, these projects are integrated with common infrastructure owned by Inox Green. The deal includes converting 82 MW of wind projects from limited-scope to comprehensive O&M, as well as renewing comprehensive O&M for another 100 MW well ahead of sched..

Next Story
Infrastructure Urban

MPL Q1 Profit Rises to Rs 144 Million

Manali Petrochemicals Limited (MPL), a leading petrochemical manufacturer and part of AM International, Singapore, has reported its unaudited consolidated financial results for the quarter ended 30 June 2025.The company posted a consolidated total income of Rs 2.43 billion for the quarter, up from Rs 2.38 billion in the preceding quarter ended 31 March 2025. Profit Before Tax (PBT) stood at Rs 200 million, compared to Rs 159 million in the previous quarter, while Profit After Tax (PAT) rose to Rs 144 million from Rs 108 million. For the full year ended 31 March 2025, MPL recorded a total incom..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?