India’s cement sector output up 2.7% in February
Published by Katherine Guenioui,
Editor
World Cement,
India’s core-sector growth was 1.4% in February, the slowest it has been in 16 months. The slowdown is most marked in the finished steel, natural gas, crude oil and refinery sectors, while cement, coal and electricity were up.
Steel output contracted 4.4% y/y, crude output was down 1.9%, natural gas fell 8.1% and refinery products were down 1.0%. On the positive side, coal output grew 11.6%, up from 1.7% in January, and electricity production increased by 5.2%. The cement sector grew by 2.7% y/y and achieved cumulative growth from April 2014 to February 2015 of 6.1%.
At 3.8%, overall core sector growth between April 2014 and February 2015 was lower than the 4.2% achieved in the April 2013 to February 2014 period. The government is forecasting GDP growth for FY15 of 7.4%.
Edited from various sources by Katherine Guenioui
Sources:
Read the article online at: https://www.worldcement.com/asia-pacific-rim/01042015/india-cement-sector-output-up-2-7-percent-in-february-623/
You might also like
The World Cement Podcast
In this special joint episode of the World Cement Podcast, and Cementing Europe’s future, the podcast of CEMBUREAU, David Bizley and Koen Coppenholle take a deep dive into the Clean Industrial Deal and a discussion of what it means for the European cement industry.
Listen for free today at www.worldcement.com/podcasts or subscribe and review on your favourite podcast app.
Shaping The Future Through Shredding
Gary Moore, UNTHA Shredding Technology GmbH, highlights the global momentum behind alternative fuels and the role of advanced shredding in shaping cement’s low-carbon future.
