INDEX OF EIGHT CORE INDUSTRIES (BASE YEAR: 2011-12=100) FOR SEPTEMBER, 2025

Ministry of Commerce & Industry INDEX OF EIGHT CORE INDUSTRIES (BASE YEAR: 2011-12=100) FOR SEPTEMBER, 2025 Posted On: 21 OCT 2025 5:00PM by PIB Delhi The combined Index of Eight Core Industries (ICI) increased by 3.0 per cent (provisional) in September, 2025 as compared to the Index in September, 2024. The production of Steel, Cement, Electricity and Fertilizer recorded positive growth in September, 2025. The details of annual indices, monthly indices and growth rates are provided at Annex I and Annex II. The ICI measures the combined and individual performance of production of eight core industries viz. Coal, Crude Oil, Natural Gas, Refinery Products, Fertilizers, Steel, Cement and Electricity. The Eight Core Industries comprise 40.27 percent of the weight of items included in the Index of Industrial Production (IIP). The final growth rate of Index of Eight Core Industries for August 2025 was observed at 6.5 per cent. The cumulative growth rate of ICI during April to September, 2025-26 is 2.9 per cent (provisional) as compared to the corresponding period of last year. The summary of the Index of Eight Core Industries is given below: Coal - Coal production (weight: 10.33 per cent) declined by 1.2 per cent in September, 2025 over September, 2024. Its cumulative index declined by 0.7 per cent during April to September, 2025-26 over corresponding period of the previous year. Crude Oil - Crude Oil production (weight: 8.98 per cent) declined by 1.3 per cent in September, 2025 over September, 2024. Its cumulative index declined by 1.1 per cent during April to September, 2025-26 over corresponding period of the previous year. Natural Gas - Natural Gas production (weight: 6.88 per cent) declined by 3.8 per cent in September, 2025 over September, 2024. Its cumulative index declined by 2.9 per cent during April to September, 2025-26 over corresponding period of the previous year. Petroleum Refinery Products - Petroleum Refinery production (weight: 28.04 per cent) declined by 3.7 per cent in September, 2025 over September, 2024. Its cumulative index declined by 0.3 per cent during April to September, 2025-26 over corresponding period of the previous year. Fertilizers - Fertilizer production (weight: 2.63 per cent) increased by 1.6 per cent in September, 2025 over September, 2024. Its cumulative index declined by 0.4 per cent during April to September, 2025-26 over corresponding period of the previous year. Steel - Steel production (weight: 17.92 per cent) increased by 14.1 per cent in September, 2025 over September, 2024. Its cumulative index increased by 11.0 per cent during April to September, 2025-26 over corresponding period of the previous year. Cement - Cement production (weight: 5.37 per cent) increased by 5.3 per cent in September, 2025 over September, 2024. Its cumulative index increased by 7.7 per cent during April to September, 2025-26 over corresponding period of the previous year. Electricity - Electricity generation (weight: 19.85 per cent) increased by 2.1 per cent in September, 2025 over September, 2024. Its cumulative index increased by 0.9 per cent during April to September, 2025- 26 over corresponding period of the previous year.Note 1: Data for August, 2025 is Final. Data for September, 2025 is Provisional. Index numbers of Core Industries are revised/finalized as per updated data from source agencies. Note 2: Since April 2014, Electricity generation data from Renewable sources are also included. Note 3: The industry-wise weights indicated above are individual industry weights derived from IIP and blown up on pro rata basis to a combined weight of ICI equal to 100. Note 4: Since March 2019, a new steel product called Hot Rolled Pickled and Oiled (HRPO) under the item ‘Cold Rolled (CR) coils’ within the production of finished steel has also been included. th Note 5: Release of the index for October, 2025 will be on Thursday, 20 November, 2025. Annex I Performance of Eight Core Industries Yearly Index & Growth Rate Base Year: 2011-12=100 Index Crude Natural Refinery Fertilizer Overall Sector Coal Steel Cement Electricity Oil Gas Products s Index Weight 10.33 8.98 6.88 28.04 2.63 17.92 5.37 19.85 100.00 2012-13 103.2 99.4 85.6 107.2 96.7 107.9 107.5 104.0 103.8 2013-14 104.2 99.2 74.5 108.6 98.1 115.8 111.5 110.3 106.5 2014-15 112.6 98.4 70.5 108.8 99.4 121.7 118.1 126.6 111.7 2015-16 118.0 97.0 67.2 114.1 106.4 120.2 123.5 133.8 115.1 2016-17 121.8 94.5 66.5 119.7 106.6 133.1 122.0 141.6 120.5 2017-18 124.9 93.7 68.4 125.2 106.6 140.5 129.7 149.2 125.7 2018-19 134.1 89.8 69.0 129.1 107.0 147.7 147.0 156.9 131.2 2019-20 133.6 84.5 65.1 129.4 109.8 152.6 145.7 158.4 131.6 2020-21 131.1 80.1 59.8 114.9 111.6 139.4 130.0 157.6 123.2 2021-22 142.3 77.9 71.3 125.1 112.4 163.0 156.9 170.1 136.1 2022-23 163.5 76.6 72.4 131.2 125.1 178.1 170.6 185.2 146.7 2023-24 182.7 77.1 76.8 135.9 129.8 200.4 185.7 198.3 157.8 2024-25 192.0 75.4 75.9 139.7 133.5 214.1 197.4 208.6 164.9 Apr-Sep 166.2 75.5 76.8 137.5 133.1 206.2 185.4 217.3 161.3 2024-25 Apr-Sep 165.0 74.7 74.6 137.1 132.6 228.8 199.7 219.2 166.0 2025-26* *ProvisionalGrowth Rates (on Y-o-Y basis in per cent) Crude Natural Refinery Fertilizer Electricit Overall Sector Coal Steel Cement Oil Gas Products s y Growth Weight 10.33 8.98 6.88 28.04 2.63 17.92 5.37 19.85 100.00 2012-13 3.2 -0.6 -14.4 7.2 -3.3 7.9 7.5 4.0 3.8 2013-14 1.0 -0.2 -12.9 1.4 1.5 7.3 3.7 6.1 2.6 2014-15 8.0 -0.9 -5.3 0.2 1.3 5.1 5.9 14.8 4.9 2015-16 4.8 -1.4 -4.7 4.9 7.0 -1.3 4.6 5.7 3.0 2016-17 3.2 -2.5 -1.0 4.9 0.2 10.7 -1.2 5.8 4.8 2017-18 2.6 -0.9 2.9 4.6 0.03 5.6 6.3 5.3 4.3 2018-19 7.4 -4.1 0.8 3.1 0.3 5.1 13.3 5.2 4.4 2019-20 -0.4 -5.9 -5.6 0.2 2.7 3.4 -0.9 0.9 0.4 2020-21 -1.9 -5.2 -8.2 -11.2 1.7 -8.7 -10.8 -0.5 -6.4 2021-22 8.5 -2.6 19.2 8.9 0.7 16.9 20.8 8.0 10.4 2022-23 14.8 -1.7 1.6 4.8 11.3 9.3 8.7 8.9 7.8 2023-24 11.8 0.6 6.1 3.6 3.7 12.5 8.9 7.1 7.6 2024-25 5.1 -2.2 -1.2 2.8 2.9 6.8 6.3 5.2 4.5 Apr-Sep 5.9 -2.1 2.0 2.3 1.7 6.3 1.8 6.1 4.3 2024-25 Apr-Sep -0.7 -1.1 -2.9 -0.3 -0.4 11.0 7.7 0.9 2.9 2025-26* *Provisional. Y-o-Y is calculated over the corresponding financial year of previous year Annex II Performance of Eight Core Industries Monthly Index & Growth Rate Base Year: 2011-12=100 Index Natural Refinery Overall Sector Coal Crude Oil Fertilizers Steel Cement Electricity Gas Products Index Weight 10.33 8.98 6.88 28.04 2.63 17.92 5.37 19.85 100.00 Sep-24 151.8 72.0 75.8 134.1 134.8 202.0 178.8 206.9 155.4 Oct-24 186.0 74.6 79.3 135.5 136.9 212.9 187.2 207.8 162.4 Nov-24 199.6 73.9 75.7 138.4 136.2 212.9 177.0 184.1 159.1 Dec-24 215.1 77.9 78.1 149.1 139.8 221.8 211.7 192.8 169.4 Jan-25 229.8 77.9 78.1 147.2 139.0 228.1 219.7 201.7 173.8 Feb-25 215.6 69.7 70.0 133.5 124.9 216.8 215.1 194.0 163.0 Mar-25 260.2 77.4 69.2 147.3 126.9 238.9 246.2 219.5 182.9Apr-25 179.3 74.2 74.1 131.7 112.9 219.2 204.5 215.7 163.3 May-25 189.8 76.5 75.9 143.3 127.9 225.3 209.0 218.5 170.2 Jun-25 173.7 73.5 73.7 138.6 132.4 223.8 214.7 220.1 167.3 Jul-25 143.0 75.6 75.5 141.7 141.6 239.1 194.8 228.4 168.9 Aug-25 153.9 77.5 75.7 138.0 143.8 234.6 186.9 221.1 166.5 Sep-25* 150.0 71.1 72.9 129.2 137.0 230.5 188.3 211.3 160.1 *Provisional Growth Rates (on Y-o-Y basis in per cent) Natural Refinery Overall Sector Coal Crude Oil Fertilizers Steel Cement Electricity Gas Products Growth Weight 10.33 8.98 6.88 28.04 2.63 17.92 5.37 19.85 100.00 Sep-24 2.6 -3.9 -1.3 5.8 1.9 1.8 7.6 0.5 2.4 Oct-24 7.8 -4.8 -1.2 5.2 0.4 5.7 3.1 2.0 3.8 Nov-24 7.5 -2.1 -1.9 2.9 2.0 10.5 13.1 4.4 5.8 Dec-24 5.3 0.6 -1.8 2.8 1.7 7.3 10.3 6.2 5.1 Jan-25 4.6 -1.1 -1.5 8.3 3.0 4.7 14.3 2.3 5.1 Feb-25 1.7 -5.2 -6.0 0.8 10.2 6.9 10.7 3.6 3.4 Mar-25 1.6 -1.9 -12.7 0.2 8.8 8.7 12.2 7.5 4.5 Apr-25 3.5 -2.8 -0.9 -4.5 -4.2 4.4 6.3 1.7 1.0 May-25 2.8 -1.8 -3.6 1.1 -5.9 7.4 9.7 -4.7 1.2 Jun-25 -6.8 -1.2 -2.8 3.4 -1.2 9.7 8.2 -1.2 2.2 Jul-25 -12.3 -1.3 -3.2 -1.1 2.0 16.6 11.6 3.7 3.7 Aug-25 11.4 2.4 -2.2 3.0 4.6 13.6 5.4 4.1 6.5 Sep-25* -1.2 -1.3 -3.8 -3.7 1.6 14.1 5.3 2.1 3.0 *Provisional. Y-o-Y is calculated over the corresponding financial year of previous year *** Abhishek Dayal/ Abhijith Narayanan (Release ID: 2181272)