Eight core sectors' output up 11.6% in August year-on-year: Govt data

The industries had contracted by 6.9 per cent in August 2020

An increase in pay will put more strain on Coal India’s balance sheet. Employee salaries accounted for more than half of the company’s expenses in the nine months ended December.

Press Trust of India New Delhi
Eight core industries, including coal, crude oil, and steel, posted a growth of 11.6 per cent in August on a yearly basis, as per government data released on Thursday.
The eight core industries -- coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity -- comprise 40.27 per cent of the weight of items included in the Index of Industrial Production (IIP).
The industries had contracted by 6.9 per cent in August 2020.
It is for the third month in a row that the core sectors have posted growth.
As per the data, the production of coal, natural gas, refinery products, steel, cement and electricity increased in August 2021 over the corresponding period of last year.
On the other hand, output of crude oil and fertiliser industries declined.

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First Published: Sep 30 2021 | 5:50 PM IST

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