Saturday, 13 Aug 2011
India’s mines minister Mr Dinsha Patel said that production of iron ore, a vital steel-making raw material, in the country fell by 4.81% in 2010-11 to 208.11 million tones.
Mr Patel quoting provisional figures from the Indian Bureau of Mines informed the parliament that of this, the private sector accounted for over 70% of iron ore production. He added that India produced 218.64 million tonne of iron ore in 2009-10.
Among the states, Orissa accounted for over 36% of India's total iron ore production, at 74.96 million tonne. Karnataka's output of 37.66 million tonne accounted for another 18.09% and Goa's 36.48 million tonne output was 17.52% of total production.
The data shows that all three states witnessed a decline in iron ore production last fiscal vis-a-vis their respective production figures for 2009-10.
Speaking on consumption, Patel said that steel and allied industries consumed over 118 million tonne of ore in 2009-10, while the cement industry accounted for total consumption of 11.66 million tonne during the year. However, the Mines Minister's reply did not give any reasons for the decline in FY'11.
(Sourced from ET)
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment