The Hindu Business Line : Infrastructure sector grows 4.9 pc in 2005-06

Infrastructure sector witnessed a 4.9 per cent growth in the financial year 2005-06, down 0.9 per cent compared to 5.8 per cent in the financial year 2004-05.

The fall is largely due to negative growth in petroleum (crude) and slump in petroleum products and finished steel, according to an official release.

Cement, best-performer

Cement was the best-performing sector, which doubled its growth to 12.3 per cent during the full year period compared to 6.6 last fiscal.

The industry specific indices, however, posted a better growth rate during March 2006, which stood at 8.8 per cent compared to 6.9 in the corresponding period last year.

Crude petroleum

Crude petroleum production registered a negative growth of 5.3 per cent during April-March 2005-06 compared to 1.8 in the corresponding period of 2004-05, the release said.

During March 2006, crude production registered a negative growth of 2.4 per cent compared to 1.1 per cent in March 2005.

The petroleum refinery production registered a growth of 2.1 per cent during April-March 2005-06 compared to 4.3 per cent increase in the corresponding period of 2005-06, the release said.

It, however, registered a growth of 9.4 per cent in March 2006 against negative growth of 2.2 per cent in March 2005.

Carbon steel

Finished carbon steel production registered a growth of 6.5 per cent during April-March 2005-06 compared to 8.4 per cent in the corresponding period of 2004-05.

During March 2006, steel production grew by 17.5 per cent against 17 per cent in the year-ago period.

For April-March 2005-06, electricity generation grew by 5.1 per cent, which is same as last year.

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