Quarterly Updates3 Oct 2026, 06:20 pm
Vedanta Iron & Steel Q2 FY27 Production: Iron Ore Down 13%, Steel Up 4%
AI Summary
Vedanta Iron And Steel Limited announced its production figures for the second quarter ended September 30, 2026. Saleable ore production decreased by 13% YoY to 1.52 Mn DMT, primarily due to a significant drop in Karnataka's output, although Goa and Odisha saw increases. Steel production showed positive momentum, with Hot Metal production up 3% YoY to 552,000 tonnes and Saleable Production up 4% YoY to 532,000 tonnes. The company noted that lower saleable production compared to Q1 FY27 was due to scheduled furnace maintenance. Vedanta Iron And Steel Limited became effective on May 1, 2026, following Vedanta's demerger.
Key Highlights
- Saleable ore production declined 13% YoY to 1.52 Mn DMT in Q2 FY27.
- Steel saleable production increased 4% YoY to 532,000 tonnes.
- Hot metal production rose 3% YoY to 552,000 tonnes.
- Q2 saleable production lower than Q1 due to furnace maintenance.
- Company effective May 1, 2026, post Vedanta demerger.
Price Impact
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