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This is an archive article published on July 23, 2003

Infrastructure sector puts up poor show

Led by poor performance in the crude oil production, key infrastructure sector continued to present a grim picture with its June growth plum...

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Led by poor performance in the crude oil production, key infrastructure sector continued to present a grim picture with its June growth plummeting to 4.7 per cent, thus translating into a lower growth of 4.1 per cent in the first quarter of this year.

The growth in six key infrastructure industries — crude petroleum, petroleum refinery products, coal, electricity, cement and finished steel during June 2002 stood as high as 7 per cent and the overall growth rate stood at over 6 per cent in April-June last fiscal. Due to a whopping fall in crude petroleum to mere (-) 2.1 per cent in April-June 2003 as compared to 7.2 per cent in the corresponding quarter of 2002-03, the overall growth in key infrastructure industries was a mere 4.1 per cent against 6.2 per cent in the first quarter of 2002-03.

Except electricity, all the other five infrastructure industries put up a poor show during the first quarter of this fiscal. The petroleum refinery products registered a mere 3.5 per cent growth in April-June 2003 as compared to 6.3 per cent in the corresponding period a year ago. In June, the petroleum refinery products, however, registered an impressive 4.6 per cent growth. as against 2.6 per cent in June 2002.

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