Vedanta Q1 Update: Alumina production jumps 36% YoY to 539 kt, mined metal up 2%
Vedanta reported a 36% year-on-year increase in alumina production at its Lanjigarh refinery, reaching 539 kt, driven by expanded capacity. Compared to Q1FY24's 395 kt, this marks an 11% quarterly rise from 484 kt in the previous March quarter.
major reported a 36% year-on-year jump in alumina at Lanjigarh refinery at 539 kt driven by new capacity, the company said today in a filing to the exchanges. In Q1FY24, the company had produced 395 kt. It was up by 11% on the quarter-on-quarter basis versus 484 kt in the March quarter.The cast metal production at its smelters was reported at 596 kt, up 3% YoY on account of better operational performance. The metal production was flat on the QoQ basis.
Its mined metal production in the first quarter stood at 263 kt, up 2% YoY with improved mined metal grades. In line with mine preparation activities being carried out every year in first quarter, it was lower by 12% QoQ, the company filing said.
Refined metal production stood at 262 kt, up 1% YoY and down 4% QoQ due to plant availability & pyro operations on lead mode for later part of 1QFY25. Refined zinc production was reported at 211 kt, up 1% YoY and down 4% QoQ.
Refined lead production was at 51 kt in Q1, up 2% YoY and down 3% QoQ meanwhile, saleable silver production was at 167 tonnes, down 7% YoY and 12% QoQ.
In zinc's international business, the mined metal production was down 45% to 38 kt in Q1FY25 versus 68 kt in Q1FY24.
Source: Stocks-Markets-Economic Times
