India's Mineral Output Surges 13% in October 2023
Jan 01, 2024 21:12
India's mineral production rose by 13.1% in October 2023, driven by increases in iron ore, manganese ore, gold, and coal. Learn more about the key drivers of this growth.
Photograph: Steve Marcus/Reuters
New Delhi, Jan 1 (PTI) India's mineral production went up 13.1 per cent in October 2023, over the same month a year ago, the government said on Monday.
The index of mineral production of the mining and quarrying sector for October was 127.4, 13.1 per cent higher than October 2022, as per the provisional figures of Indian Bureau of Mines (IBM).
The cumulative growth for the April-October period of the current fiscal over that of the year-ago period is 9.4 per cent.
The minerals that showed positive growth in October included iron ore, manganese ore, gold, and coal. Important minerals showing negative growth included lignite, copper conc, and bauxite.
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
MORE NEWS
Sun Pharma Launches Fexuclue for Erosive...
Sun Pharma launches Fexuclue, a new treatment for Erosive Esophagitis, offering hope...
Tata Motors Shares Plunge 13% on JLR US Tariff...
Tata Motors shares plummeted 13% after Jaguar Land Rover paused US shipments due to...
Metropolis Healthcare Acquires DAPIC for Rs 35...
Metropolis Healthcare to acquire DAPIC, a Dehradun-based pathology and imaging centre,...
Auto Retail Sales Rise 6% in FY25: FADA
India's automobile retail sales grew 6% in FY25, driven by strong rural performance....
Stock Market Crash: Rs 20.16 Lakh Cr Lost in...
Indian stock market crashes, wiping out Rs 20.16 lakh crore in investor wealth. Sensex...
India's Exports to US May Drop by $5.76 Billion...
India's exports to the US are projected to decline by USD 5.76 billion due to new...
MOSPI Launches Revamped Microdata Portal, AI Tool
MOSPI has launched a new Microdata portal, an AI-based classification tool, and a...
Sensex, Nifty Crash 5% Amid Global Market Meltdown
Indian stock market indices, Sensex and Nifty, plunged over 5% in early trade mirroring...
Rupee Drops 19 Paise to 85.63 Against US Dollar
The Indian rupee weakened against the US dollar in early trade on Monday, impacted by...
Macrotech Developers Q4 Sales Up 14%, FY25...
Macrotech Developers, the company behind the Lodha brand, reported a 14% surge in Q4...
Read More »