New Delhi, June 3 :     Industrial production growth plummeted to 3.8 per cent during April-March 1998-99 as compared with 6.6 per cent during the same period previous year, though the capital goods sector reported a healthy growth. According to the monthly economic report for May, the capital goods sector recorded the highest ever production in the past four years. It shot up to 10.2 per cent during April-March 1998-99 as compared with 5.3 per cent in the previous year. However, growth in the mining sector during 1998-99 decreased sharply to 1.7 per cent as against 5.9 per cent last year. Even the basic goods sector showed a steep decline from 6.5 per cent in the previous year, to 1.6 per cent this year. However, electricity generation has remained almost the same at 6.5 per cent in April-March 1998-99 compared to 6.6 per cent in the same period last year. Core infrastructure industries also recorded an unimpressive overall growth of 2.5 per cent during April-March 1998-99, as compared with 5.5 per cent during the same period last year. Exports, however, have improved marginally during this period to increase by 3.7 per cent, as compared to a negative 2.0 per cent growth during the same period in 1997-98. Imports too have gone up significantly by 7.9 per cent as against 0.7 per cent during 1997-98. ICICI appointed for PTC revamp Power Trading Corporation (PTC) has appointed ICICI Ltd to develop a financial structure, security mechanism and business plan for both the short and long term. PTC has also asked the Bhutan government to hand over the 336 MW Chukaha power project, which it had recently proposed to take over. Meanwhile, the Power Grid Corporation of India Ltd (PowerGrid) has threatened to cut off power supply to seven states, including West Bengal, if they do not clear their dues by June 7.