+
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.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

NABARD Holds Seminar on Vigilance, Integrity and Good Governance

National Bank for Agriculture and Rural Development (NABARD) organised a seminar on “Vigilance: Strengthening Integrity and Good Governance” on 25 August 2026 at its Head Office in Mumbai as part of the ongoing Vigilance Awareness Campaign 2026 being observed from 17 August to 16 November 2026, with the theme “Probity for Prosperity."" The seminar was graced by Suresh N Patel, Former Central Vigilance Commissioner, Government of India, as the chief guest and keynote speaker.  The programme was attended by G S Rawat, Deputy Managing Director, Dr Ajay K Sood, Deputy Managing Dire..

Next Story
Equipment

XCMG Unveils World's First 14,000-Ton Ring Crane for Heavy Lifting

XCMG has announced that the first main unit of the world's first 14,000-ton ring crane has rolled off the production line, marking a historic breakthrough in ultra-heavy lifting technology. Jointly developed by XCMG and Sinopec Heavy Lifting & Transportation Co., Ltd., the crane will be the largest-capacity ring crane ever built, setting a new benchmark for major construction projects worldwide.The crane features a modular configuration comprising two main units that work in tandem. The first main unit has completed final assembly and can independently perform lifting operations. Once both..

Next Story
Infrastructure Urban

Thriveni Logistics orders 200 tip trailers from Jagdamba trailers

Jagdamba Trailers (JTPL), one of India’s growing trailer manufacturers, has secured a significant order for 200 Tip Trailers from Thriveni Transport and Logistics Pvt. Ltd., a leading mining and logistics company serving operations across India and overseas.The order, placed for iron ore transportation, is a major milestone for JTPL, particularly as the company secured the business after competing with more than 10 established trailer manufacturers. It also strengthens an already successful relationship between the two companies. Approximately one and a half years ago, Thriveni Transport and..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code