Core Sector Industries Achieve 2.9% Growth in February: Government
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Synopsis
The Index of Eight Core Industries saw a 2.9% growth in February, driven by increases in cement, fertilizers, steel, electricity, coal, and refinery products, as per the Ministry of Commerce and Industry.
Key Takeaways
- 2.9% growth in ICI for February.
- Positive production in cement, fertilizers, steel, and electricity.
- Coal production increased by 1.7%.
- Steel production saw a rise of 5.6%.
- Electricity generation up by 2.8%.
New Delhi, March 28 (NationPress) The aggregated Index of Eight Core Industries (ICI) registered an increase of 2.9 percent in February, as the production levels of cement, fertilisers, steel, electricity, coal, and refinery products showcased positive advancements, as indicated by data from the Ministry of Commerce and Industry released on Friday.
The confirmed growth rate of the Index of Eight Core Industries for November 2024 stood at 5.8 percent.
The overall growth rate of the ICI from April to February 2024-25 is reported at 4.4 percent (provisional), compared to the same timeframe last year, according to the ministry.
In February, coal production experienced a rise of 1.7 percent compared to February 2024. Its cumulative index for April to February 2024-25 grew by 5.6 percent over the corresponding period of the previous year.
Steel production saw an increase of 5.6 percent in February, with its cumulative index rising by 6.5 percent during April to February 2024-25 compared to the previous year.
Production at petroleum refineries grew by 0.8 percent in February 2025 compared to February 2024, with a cumulative index increase of 3.1 percent for the period from April to February 2024-25 vis-à-vis the previous year's data.
Fertiliser production surged by 10.2 percent last month, and its cumulative index saw a rise of 2.4 percent during April to February 2024-25 over the same period last year.
Cement production was up by 10.5 percent, with a cumulative index increase of 5.1 percent for the April to February timeframe.
The ministry reported that electricity generation rose by 2.8 percent in February 2025 compared to February 2024, with a cumulative index increase of 4.9 percent during the April to February 2024-25 period compared to the same timeframe last year.
The ICI gauges the collective and individual production performance of eight core industries. These Eight Core Industries account for 40.27 percent of the weight of items within the Index of Industrial Production (IIP).
