Value of India's mineral output rises to Rs 17,286 crore in December
Thursday, 23 February 2012 | 00:00
A surge in production of gold and coal resulted in an increase in the value of India's mineral output in December, 2011, to Rs 17,286 crore from Rs 15,692 crore a month earlier.
"The total value of mineral production (excluding atomic and minor minerals) in the country during November, 2011, was Rs 17,286 crore," according to data released by the Ministry of Mines.
However, there was a negative growth of 3.77 per cent in December, 2011 as compared to that of the corresponding month of 2010, it added.
Contribution of crude oil was the highest at Rs 5,725 crore in the total mineral production value in December from Rs 5,567 crore in the previous month.
Besides, contribution of coal and iron ore increased significantly in December at Rs 5,292 crore and Rs 3,227 crore, respectively to the total value of mineral production. Both the minerals had contributed Rs 4,628 crore and Rs 2,788 crore, respectively in November, 2011.
Production of coal improved to 536 lakh tonnes during the month from 481 lakh tonnes a month ago, up 11.45 per cent. Iron ore output was also up by 8.97 per cent, at 136 lakh tonnes, as against 121 lakh tonnes in the previous month.
Among precious minerals, gold production recorded a sharp increase of 47.41 per cent at 171 kg in December, 2011, vis-a-vis 108 kg reported in November, 2011.
However, diamond production fell down by 26.77 per cent in December to 1,499 carats, compared to 2,047 carats of November.
The total value of mineral production (excluding atomic minerals) stood at around Rs 2 lakh crore during FY'11, up by 11.83 per cent vis-a-vis the previous fiscal.
India produces around 87 minerals. This includes four fuels, 10 metallic, 47 non-metallic, three atomic and 23 minor minerals.