Core industries’ output grew 5.8 per cent in February, driven by better performance in coal, natural gas, refinery products and cement. There are a total of eight industries in the core.
What are the latest figures: In February 2021, the output of core industries was down by 3.3 per cent. Crude oil and fertilizer production declined in February this year. Core Industries’ output grew by 4 per cent in January.
During the first 11 months of the current fiscal, April-February, output of eight core industries – coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity – grew by 11 per cent. Due to this, the output of basic industries declined by 8.1 percent in the same period of the previous financial year.
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According to the data, coal production grew by 6.6 per cent in February. Natural gas production increased by 12.5 percent, refinery production by 8.8 percent and cement by five percent.