Monday, April 4, 2022

vedanta news: Vedanta Ltd’s aluminium, zinc output grow 8 pc; iron ore 18 pc in Jan-Mar ’22

Mining giant Vedanta Ltd on Monday reported 18 per cent growth in production of aluminum and zinc and iron ore during the quarter ended March 31, 2022, as compared to growth in its production during the same quarter a year ago.

In the January-March period of FY 2021-22, the company’s cast metal aluminum production at its smelters stood at 5,72,000 tonnes, up 8 per cent from 5,31,000 tonnes in the same quarter of the previous fiscal.

Vedanta Ltd said in a BSE filing that total aluminum production touched a record high of 22,68,000 tonnes in FY12, up 15 per cent from 19,69,000 tonnes in FY11.

Salable iron ore production in Karnataka grew by 18 per cent to 1.4 million tonnes (MT) in the fourth quarter of FY22 from 1.2 MT in the year-ago quarter, the company said. The total annual iron ore production from mines in Karnataka grew by 8 per cent to 5.4 MT from 5 MT in FY2011.

“There is no production in Goa as mining is suspended as per the Supreme Court’s decision on 7 February 2018. We continue to engage with the government to resume mining operations,” the company said.

The miner’s zinc production also rose 8 percent to 2,11,000 tonnes from 1,95,000 tonnes in the year-ago quarter. Its integrated zinc production grew 8 per cent to 7,76,000 tonnes in FY22 as compared to 7,15,000 tonnes in FY20-21.

In the fourth quarter of FY12, integrated lead production declined by 19 per cent to 49,000 tonnes from 61,000 tonnes in the same quarter of FY11. Overall integrated lead production fell 11 per cent to 1,91,000 tonnes in FY12.

On its overseas operations of zinc, the company said its overall production has grown by 5 per cent. However, in FY12, the total production increased by 10 per cent to 2,23,000 tonnes.

The company said its average gross driven production of oil and gas during January-March FY 2012 was 1,53,840 BOEPD, compared to 1,65,000 BOEPD, an increase of 7 per cent year-on-year.

During the full FY 2012, the average gross driven production declined by 1 per cent to 1,60,851 BOEPD.

The company’s total salable steel production grew 3 per cent year-on-year to 3,27,581 tonnes in the previous quarter. Total salable production grew by 6 per cent to 12,60,173 tonnes for the full financial year ended March 31, 2022.

On its copper operations in Tamil Nadu, the company said, “Tuticorin smelting work has been stalled since April 2018.

“Tamil Nadu Pollution Control Board vide an order dated 9 April 2018 revoked the consent to operate (CTO) of the plant and issued a direction to shut down and disconnect the power supply at the plant. In May 2018, Tamil Nadu Government of Nadu has issued orders with directions to permanently seal the existing copper smelter plant at Tuticorin.

The company’s power sales declined 16 per cent to 2,802 million units in the previous quarter. Annual power sales grew 5 per cent to 11,871 million units in FY22.

Originally published at Pen 18

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