Coal recorded 10.2% growth among eight key infra sectors in May

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Coal recorded 10.2% growth among eight key infra sectors in May

Press Releases 05 Jul 2024 12:37 PM IST PIB

The coal sector grew by 10.2% in May, outperforming all eight main industries, according to the government. The coal industry index rose to 184.7 points in May, up from 167.6 points in the same month last year.

"The coal sector has demonstrated highest growth of 10.2% (provisional), following the electricity industry among the eight core industries for the month of May, 2024 as per the Index of Eight Core Industries (ICI)) (undefined Year 2011-12) released by Ministry of Commerce & Industries," the coal ministry said in a statement.

The primary growth driver is a significant increase in coal production in May. This increase in production demonstrates the sector's ability to meet the expanding demands of the industrial and energy industries.

The coal sector's outstanding expansion, coupled with its significant role in fueling the overall growth of the eight essential sectors, demonstrates the coal ministry's perseverance and proactive actions. These efforts align with the vision of self-reliance and contribute to the nation's progress towards self-sufficiency and energy security, it said.

The eight core industries cement, coal, crude oil, electricity, fertilizers, natural gas, refinery products, and steel contribute 40.27% to the country's Index of Industrial Production (IIP).

The latest data released on June 28 showed the growth of the eight key infrastructure sectors rose by 6.3% in May. The production of the eight sectors grew 6.7% in April. The production growth of coal, natural gas and electricity rose by 10.2%, 7.5% and 12.8%, respectively, against 7.2%, (-) 0.3% and 0.8% in May 2023, according to the data released by the commerce and industry ministry.

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Coal recorded 10.2% growth among eight key infra sectors in May

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