(RTTNews) - The total value of mineral production, excluding atomic and minor minerals, in India during October was flat at Rs.14,555 crore, compared with Rs.14,572 crore a year-ago, due to decline in production of coal and iron ore, according to data released by the Ministry of Mines.
Crude petroleum was the biggest contributor to the overall value of mineral production during the month, at Rs.5,806 crore, compared with Rs.5,427 crore in the corresponding month of the preceding year.
Natural gas, lignite and limestone also showed improved performance during the month vis-a-vis the year-ago period, but these were not enough to make up for the shortfall in production of coal and iron ore, two key raw materials that find an application in the power and steel sectors.
Coal and iron ore contributed Rs.3,784 crore and Rs.2,321 crore, respectively, to the total value of mineral production during the month under review, compared with Rs.4,015 crore and Rs.2,602 crore, respectively, in the corresponding period a year ago.
While coal production fell to 400 lakh tonnes from the 439 lakh tonnes a year ago, iron ore output stood at 105 lakh tonnes, down from 152 lakh tonnes during the year-ago period.
Among precious minerals, diamond production was higher at 1,481 carats, compared to 35 carats in October last year. Gold output, however, fell to 104 kg from 197 kg a year ago.
rttnews.com
Crude petroleum was the biggest contributor to the overall value of mineral production during the month, at Rs.5,806 crore, compared with Rs.5,427 crore in the corresponding month of the preceding year.
Natural gas, lignite and limestone also showed improved performance during the month vis-a-vis the year-ago period, but these were not enough to make up for the shortfall in production of coal and iron ore, two key raw materials that find an application in the power and steel sectors.
Coal and iron ore contributed Rs.3,784 crore and Rs.2,321 crore, respectively, to the total value of mineral production during the month under review, compared with Rs.4,015 crore and Rs.2,602 crore, respectively, in the corresponding period a year ago.
While coal production fell to 400 lakh tonnes from the 439 lakh tonnes a year ago, iron ore output stood at 105 lakh tonnes, down from 152 lakh tonnes during the year-ago period.
Among precious minerals, diamond production was higher at 1,481 carats, compared to 35 carats in October last year. Gold output, however, fell to 104 kg from 197 kg a year ago.
rttnews.com
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