The Hindu Business Line : Growth of infrastructure sector dips to 4% in Dec

New Delhi, Feb. 13 With the country’s industrial production slowing down in December last year, the growth of the six key infrastructure sectors in December 2007 dipped to 4 per cent compared to nine per cent achieved a year ago.

The April-December performance of infrastructure industries – crude oil, petroleum refinery products, coal, electricity, cement and steel – was also down at 5.7 per cent as against 8.9 per cent in the same period last year.

According to data released by the Government on Wednesday, crude oil was the worst performer with a negative growth of 1.5 per cent in December as against a positive growth of 10.7 per cent in December 2006.

Petroleum refinery products registered a growth of just two per cent in December 2007 as compared with 10.8 per cent in the same period in 2006. Finished steel grew by 5.13 per cent as against 10.2 per cent, while expansion in the cement sector dropped to 3.9 per cent from eight per cent. Electricity generation on the other hand went up by only 3.8 per cent as compared to 9.1 per cent.

Coal production, on the other hand, registered a growth of 8.4 per cent as against a growth rate of 2.9 per cent in December 2006, the data said.

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