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Infrastructure sector grows by dismal 0.3%

Mirroring the slowdown in the economy, the infrastructure sector registered a dismal 0.3 per cent growth in June this year as opposed to a healthy 8.7 per cent growth recorded in the same month last year.

Except for electricity and petroleum refinery products, other four infrastructure industries - crude petroleum, coal, cement and finished steel, posted negative growth rates, according to the latest performance data released by the Ministry of Commerce and Industry in New Delhi on Tuesday.

The six infrastructure industries recorded a cumulative growth rate of one per cent in the first quarter of the current fiscal as against an impressive 9.3 per cent growth in April-June 2000-01.

Processing 8.486 million tonnes of crude oil, the petroleum refinery products grew by 11.6 per cent in June, 2001, as compared to a 38.4 per cent growth in the same month last fiscal, with a crude throughput of 7.6 million tonnes.

Generating 40398 million units, the electricity sector grew at 1.5 per cent in June, 2001, but the growth was lower than the 5.1 per cent growth registered in June, 2000.

Coal sector posted a negative growth rate of 3.9 per cent at 22.2 million tonnes, as against 5.5 per cent growth rate with 23.1 million tonnes coal production in June 2000.

Crude oil production at 2.481 million tonnes recorded a negative 7.5 per cent growth rate as opposed to 0.7 pr cent growth rate in the same month last fiscal with production of 2.682 million tonnes of crude oil.

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