Business Update3 Jul 2024, 11:17 pm
Vedanta Limited Reports 36% YoY Increase in Alumina Production for Q1 2024
AI Summary
Vedanta Limited has announced its production numbers for the first quarter ended June 30, 2024. The company reported a 36% Year-over-Year (YoY) increase in alumina production at the Lanjigarh refinery, primarily due to new capacity. The cast metal aluminum production at their smelters increased by 3% YoY, driven by better operational performance. However, the metal production was flat Quarter-over-Quarter (QoQ).
Key Highlights
- Alumina production at Lanjigarh refinery increased by 36% YoY and 11% QoQ, reaching 539 kt.
- The cast metal aluminum production at smelters increased by 3% YoY, remaining flat QoQ at 596 kt.
- Mined metal production at Zinc India increased by 2% YoY, but decreased by 12% QoQ due to mine preparation activities.
- Refined metal production at Zinc India increased by 1% YoY and decreased by 4% QoQ, primarily due to plant availability and pyro operations on lead mode.
- Saleable silver production at Zinc India decreased by 7% YoY and 12% QoQ due to lead metal production and WIP built up.