Mineral output rises 11.5% in September 
News Updates

Mineral output rises 11.5% in September

Mineral production increased by 11.5 percent in September as compared to the year-ago period, the government said on Tuesday

PSU Watch Bureau

New Delhi: Mineral production increased by 11.5 percent in September as compared to the year-ago period, the government said on Tuesday.

The index of mineral production of the mining and quarrying sector for the month of September 2023 at 111.5, is 11.5 percent higher compared to the level in the month of September 2022, according to the provisional data of the Indian Bureau of Mines (IBM).

Public Sector's voice PSU Watch is now on Whatsapp Channels. Click here to join

The cumulative growth for the April-September period over the corresponding period of the previous financial year is 8.7 percent, the mines ministry said in a statement.

The production of important minerals in September includes coal (673 lakh tonnes), lignite (29 lakh tonnes), manganese ore (247,000 tonnes) and limestone (347 lakh tonnes).

The minerals that showed positive growth during September this year include manganese ore, gold, iron ore, coal and limestone.

Minerals that registered negative growth include petroleum (crude) magnesite and phosphorite.

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)

NTPC to support establishment of national-level archery academy at Nava Raipur

Bank of India Q2 net profit up 7.6% at Rs 2,554 crore

REC net profit rises 9% to Rs 4,414.93 crore in Q2

SBI raises Rs 7,500 crore through bond issue

Govt asks state-run banks' CEOs to work 'harder, faster' to list subsidiaries