AgenciesThe production of Cement, Fertilizers, Steel, Coal, and Refinery Products increased in May 2023 over the corresponding month of last year.
The coal production increased by 7.2 per cent in May, 2023 over May, 2022. Meanwhile, the production of fertilisers, steel, cement and petroleum products witnessed a growth of 9.7 per cent, 9.2 per cent, 15.5 per cent and 2.8 per cent respectively.
Crude oil and natural gas production declined by 1.9 per cent and 0.3 per cent respectively, stated the release.
The production of electricity also declined by 0.3 per cent on an annual basis in May.
The index of eight core industries (ICI) measures combined and individual performance of production of core industries viz. coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity. They comprise 40.27 percent of the weight of items included in the Index of Industrial Production (IIP).
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