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Index of Eight Core Industries (Base: 2004-05=100) February, 2016

01 Friday Apr 2016

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  1. The summary of the Index of Eight Core Industries (base: 2004-05) is given at the Annexure.

2.         The Eight Core Industries comprise nearly 38% of the weight of items included in the Index of Industrial Production (IIP).The combined Index of Eight Core Industries stands at 172.2 in February, 2016, which was 5.7 %highercompared to the index of February, 2015. Its cumulative growth during April to February, 2015-16 was 2.3 %.

Coal

3.         Coal production (weight: 4.38%) increased by 3.9 % inFebruary, 2016over February, 2015. Its cumulative index during April to February, 2015-16 increased by 5.0% over corresponding period of previous year.

Crude Oil

4.         Crude Oil production (weight: 5.22%) increased by 0.8 % in February, 2016over February, 2015. Its cumulative index during April to February, 2015-16 decreased by 1.0 % over the corresponding period of previous year.

Natural Gas

5.         The Natural Gas production (weight: 1.71%) increased by 1.2 % in February, 2016 over February, 2015. Its cumulative index during April to February, 2015-16 declined by 3.6 % over the corresponding period of previous year.

 

Refinery Products (93% of Crude Throughput)

6.         Petroleum Refinery production (weight: 5.94%) increased by 8.1 % in February, 2016 over February, 2015. Its cumulative index during April to February, 2015-16 increased by 3.1 % over the corresponding period of previous year.

Fertilizers

7.         Fertilizer production (weight: 1.25%)increased by 16.3 % in February, 2016 over February, 2015. Its cumulative index during April to February, 2015-16 increased by 10.3 % over the corresponding period of previous year.

Steel (Alloy + Non-Alloy)

8.         Steel production (weight: 6.68%) declined by 0.5 % in February, 2016 over February, 2015. Its cumulative index during April to February, 2015-16 declined by 1.8 %over the corresponding period of previous year.

Cement

9.         Cement production (weight: 2.41%) increasedby 13.5 % in February, 2016 over February, 2015. Its cumulative index during April to February, 2015-16 increased by 3.9 % over the corresponding period of previous year.

Electricity

10.       Electricity generation (weight: 10.32%)increased by 9.2 % in February, 2016 over February, 2015. Its cumulative index during April to February, 2015-16 increased by 4.6 % over the corresponding period of previous year.

 Note 1:Data are provisional. Revision has been made based on revised data received for corresponding month of previous year in respect of Coal, Crude Oil, Natural Gas, Refinery Product, Steel, Cement and Electricity. Accordingly, indices for the month February, 2015 have been revised.

Note 2: Release of the index for March, 2016 will be on Monday, 2nd May, 2016.

Annexure

Performance of Eight Core Industries

Yearly Index & Growth Rate

Base Year: 2004-05=100

INDEX

Sector Weight 2010-11 2011-12 2012-13 2013-14 2014-15 Apr-Feb 2014-15 Apr-Feb 2015-16
Coal 4.379 139.7 141.5 148.1 150.0 162.5 157.2 165.0
Crude Oil 5.216 111.0 112.1 111.4 111.2 110.2 109.9 108.8
Natural Gas 1.708 164.4 149.7 128.1 111.5 106.0 105.9 102.1
Refinery Products 5.939 129.7 133.7 172.5 175.0 175.6 175.0 180.5
Fertilizers 1.254 103.4 103.8 100.2 101.8 101.7 102.2 112.7
Steel 6.684 157.7 174.0 181.1 201.9 211.8 211.3 207.5
Cement 2.406 164.2 175.2 188.7 194.5 205.2 204.0 212.0
Electricity 10.316 138.1 149.3 155.3 164.6 178.5 178.7 187.0
Overall Index 37.903 138.4 145.3 154.7 161.2 168.6 167.7 171.6

 

GROWTH RATES (in %)

Sector Weight 2010-11 2011-12 2012-13 2013-14 2014-15 Apr-Feb 2014-15 Apr-Feb 2015-16
Coal 4.379 -0.2 1.3 4.6 1.3 8.3 8.6 5.0
Crude Oil 5.216 11.9 1.0 -0.6 -0.2 -0.9 -1.1 -1.0
Natural Gas 1.708 10.0 -8.9 -14.5 -13.0 -4.9 -5.3 -3.6
Refinery Products# 5.939 3.0 3.1 29.0 1.5 0.4 0.5 3.1
Fertilizers 1.254 0.0 0.4 -3.4 1.5 -0.1 -0.5 10.3
Steel 6.684 13.2 10.3 4.1 11.5 4.9 5.9 -1.8
Cement 2.406 4.5 6.7 7.7 3.1 5.5 6.6 3.9
Electricity 10.316 5.6 8.1 4.0 6.0 8.4 9.0 4.6
Overall Index 37.903 6.6 5.0 6.5 4.2 4.6 5.0 2.3

 

#Refinery Products’ yearly growth rate of 2012-13 is not comparable with other years on account of inclusion of RIL (SEZ) production data since April, 2012.

Performance of Eight Core Industries

Monthly Index & Growth Rate

Base Year: 2004-05=100

 

INDEX
Sector Coal Crude Oil Natural Gas Refinery Products Fertilizers Steel Cement Electricity Overall Index
Weight 4.379 5.216 1.708 5.939 1.254 6.684 2.406 10.316 37.903
Feb-15 184.4 101.5 95.7 166.0 97.5 203.6 204.9 165.9 162.9
Mar-15 220.4 113.9 107.2 182.5 96.9 217.3 217.4 175.9 177.8
Apr-15 156.0 106.6 100.9 161.3 87.3 201.3 213.6 176.0 162.4
May-15 156.5 112.5 107.8 186.0 101.8 231.7 221.3 194.0 178.6
Jun-15 148.1 109.5 102.9 183.9 105.3 221.1 215.0 181.8 171.2
Jul-15 134.7 110.7 99.0 176.2 111.3 206.3 209.7 190.3 168.0
Aug-15 139.0 112.8 107.2 185.1 119.0 197.5 197.2 194.3 169.6
Sep-15 143.2 107.4 103.9 170.3 119.4 197.5 195.8 194.4 166.8
Oct-15 168.4 111.3 105.6 172.5 122.1 209.4 207.4 201.1 175.4
Nov-15 180.3 107.3 102.6 185.9 118.4 194.6 185.9 174.2 166.8
Dec-15 197.4 108.7 103.4 190.2 122.6 203.6 217.9 182.4 175.7
Jan-16 200.4 107.3 92.5 194.7 118.5 216.7 236.1 187.3 180.7
Feb-16 191.5 102.3 96.9 179.4 113.4 202.6 232.5 181.2 172.2

 

 

GROWTH RATES (in %)
Sector Coal Crude Oil Natural Gas Refinery Products Fertilizers Steel Cement Electricity Overall Index
Weight 4.379 5.216 1.708 5.939 1.254 6.684 2.406 10.316 37.903
Feb-15 10.8 -1.9 -8.1 -1.0 -0.4 -0.6 2.2 5.9 2.3
Mar-15 6.0 1.7 -1.5 -1.3 5.2 -4.4 -4.2 1.7 -0.1
Apr-15 7.9 -2.7 -3.6 -2.9 0.0 0.6 -2.4 -1.1 -0.4
May-15 7.8 0.8 -3.1 7.9 1.3 2.6 2.6 5.5 4.4
Jun-15 6.3 -0.7 -5.9 7.5 5.8 4.9 2.6 0.2 3.0
Jul-15 0.3 -0.4 -4.4 2.9 8.6 -2.6 1.3 3.5 1.1
Aug-15 0.4 5.6 3.7 5.8 12.6 -5.9 5.4 5.6 2.6
Sep-15 1.9 -0.1 0.9 0.5 18.1 -2.5 -1.5 10.8 3.2
Oct-15 6.3 -2.1 -1.8 -4.4 16.2 -1.2 11.7 8.8 3.2
Nov-15 3.5 -3.3 -3.9 2.5 13.5 -8.4 -1.8 0.0 -1.3
Dec-15 6.1 -4.1 -6.1 2.1 13.1 -4.4 3.2 2.7 0.9
Jan-16 9.1 -4.6 -15.3 4.8 6.2 -2.8 9.0 6.0 2.9
Feb-16 3.9 0.8 1.2 8.1 16.3 -0.5 13.5 9.2 5.7

 

 

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DJM/nb

Climate change jeopardises electricity supply

22 Friday Jan 2016

Posted by in Current Affairs, Economics, Environment, INTERNATIONAL NEWS, Readers News Service, Science

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 Copyright: Joan Bardeletti/Panos

Speed read

  • Water used to power or cool plants but flow of many rivers forecast to fall
  • This may force plants to shut down and warmer water will hamper cooling
  • Developing nations should consider cooling with air or seawater
    Water shortages and a warmer climate could slash the efficiency of power plants in coming decades, meaning developing countries must prepare their power systems to cope, researchers warn.

Using data on water-dependent power plants and climate changeprojections, scientists demonstrated that fossil fuel plants could see a 30 per cent drop in efficiency by 2070 due to lack of cooling water. This is because river flow in large parts of regions such as Africa, South Asia and South America is projected to drop drastically because of global warming.

“Energy planning requires collaboration with water planners and climatologists as well as timely decision-making.”

Fadiel Ahjum, University of Cape Town

Hydropower stations — which make up 63 per cent of South America’s power generation — could see their efficiency fall by about a quarter, they write in a paper published in Nature Climate Change earlier this month (4 January).

“We were quite surprised about the order of magnitude. It could become a major issue,” says Keywan Riahi, a researcher at Austria’s International Institute for Applied Systems Analysis, who cowrote the paper. “It means that important investments made in the developing world now must factor in adaptation possibilities, because many of the issues we present will be relevant to power stations built today.”

Nearly all power stations, including hydropower, nuclear and fossil fuel plants, need lots of water to power the plants or cool them. Warmer water will reduce cooling efficiency, while water shortages could force entire power stations to shut down, the researchers warn.

The team suggests building more power stations close to the sea, but acknowledges that this makes them prone to damage from floods and storms. It also calls on developing countries to look at innovative technologies such as air cooling for future plants.

Refitting existing plants with air cooling is expensive, the researchers say, but might still be the most cost-effective option for the ten per cent of plants under most severe threat.

South Africa experiences severe droughts during El Niño, a recurring Pacific Ocean warming phenomenon that upsets global weather patterns, and already uses air cooling on 30 per cent of its coal power plants, says Fadiel Ahjum, an energy systems researcher at the University of Cape Town. Many plants also use cascade-type cooling systems that save water by reusing it several times, he says.

But Ahjum points out that such efforts require long-term planning and strong governance, which some developing countries may struggle to provide.

 “You need expertise to ensure that water supply is efficiently allocated, costed and managed to minimise the impact of pollution on future supply,” he says. “Energy planning requires collaboration with water planners and climatologists as well as timely decision-making, because outcomes are only evident several years after these decisions are made.”

Riahi adds that financing is also a barrier, even for solar and wind power — another proposed solution to the projected efficiency crisis. “Adapting your energy system requires high upfront investment” and long-term decisions, but a lack of short-term capital in developing countries makes this difficult, he says.

References

Michelle T. H. van Vliet and others Power-generation system vulnerability and adaptation to changes in climate and water resources (Nature Climate Change, 4 January 2016)

This Article first appeared inscidev.net on 21/01/2016 and This is  Vedikaa.com News Readers service