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The Ministry of Commerce & Industry in its latest data has showed the output of eight key infrastructure sectors slowed down to 3.8 per cent (provisional) in March 2025, as against 6.3 per cent growth registered a year ago. On a monthly basis, the growth rate in the production of these sectors was slightly higher than the 3.4 per cent (provisional) expansion recorded in February. The Eight Core Industries - coal, crude oil, natural gas, refinery products, fertilizers, steel, cement and electricity - comprise 40.27 per cent of the weight of items included in the Index of Industrial Production (IIP).  

Coal production having 10.33 per cent weight increased by 1.6 per cent in March, 2025 over March, 2024 and its cumulative index increased by 5.1 per cent during April to March, 2024-25 over corresponding period of the previous year. Petroleum Refinery production having 28.04 per cent weight increased by 0.2 per cent in March, 2025 over March, 2024 and its cumulative index increased by 2.8 per cent during April to March, 2024-25 over corresponding period of the previous year. Fertilizer production having 2.63 per cent weight increased by 8.8 per cent in March, 2025 over March, 2024 and its cumulative index increased by 2.9 per cent during April to March, 2024-25 over corresponding period of the previous year.

Steel production having 17.92 per cent weight increased by 7.1 per cent in March, 2025 over March, 2024 and its cumulative index increased by 6.7 per cent during April to March, 2024-25 over corresponding period of the previous year. Cement production having 5.37 per cent weight increased by 11.6 per cent in March, 2025 over March, 2024 and its cumulative index increased by 6.3 per cent during April to March, 2024-25 over corresponding period of the previous year.

Electricity generation having 19.85 per cent weight increased by 6.2 per cent in March, 2025 over March, 2024 and its cumulative index increased by 5.1 per cent during April to March, 2024-25 over corresponding period of the previous year.

On the other hand, Crude Oil production having 8.98 per cent weight declined by 1.9 per cent in March, 2025 over March, 2024 and its cumulative index declined by 2.2 per cent during April to March, 2024-25 over corresponding period of the previous year. Natural Gas production having 6.88 per cent weight declined by 12.7 per cent in March, 2025 over March, 2024 and its cumulative index declined by 1.2 per cent during April to March, 2024-25 over corresponding period of the previous year. 

Source: Ace Equity