India’s factory activity hit a second consecutive month of record performance improvement in October with output expanding to the greatest extent in 13 years amid robust sales growth, a private survey showed.
India’s power consumption grew 13.38% to 110.94 billion units (BU) in October this year, mainly driven by buoyancy in industrial and commercial activities, as per government data. Electricity consumption in the country was recorded at 97.84 BU in October 2019, showed the power ministry data.
State-owned CIL said that it produced 46.8 million tonnes (MT) of coal last month, registering a growth of 18.4%. Coal India had produced 39.5 MT of coal in the corresponding month of the previous fiscal, it said in a statement. The increase in absolute terms was 7.4 MT, it said.
India’s eight key infrastructure industries contracted for the seventh straight month at 0.8% in September, pointing to uneven recovery since the nationwide lockdown was lifted in June. Only coal (21.2%), steel (0.9%) and electricity (3.7%) saw positive growth.
All standard operating procedures, manuals and rule books of state-owned Coal India are being revisited to make them more effective and conducive to meet the challenges thrown by the changing times, according to its chairman and managing director Pramod Agrawal.