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Home›Aluminium›Vedanta Ltd’s aluminum and zinc production increases by 8%; iron ore 18 pc in January-March ’22

Vedanta Ltd’s aluminum and zinc production increases by 8%; iron ore 18 pc in January-March ’22

By James B. Aaron
April 4, 2022
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Mining giant Vedanta Limited on Monday reported an 8% increase in its production of aluminum and zinc and an 18% increase in that of iron ore in the quarter ended March 31, 2022 compared to its production in during the same quarter a year ago.

In the January-March period of FY2021-22, the company’s cast aluminum production at its smelters was 5,72,000 tonnes, up 8% from 5,31,000 tonnes in the same quarter. of the previous year.

Overall aluminum production in FY22 hit a record 22,68,000 tonnes, up 15% from 19,69,000 tonnes in FY21, Vedanta Limited said in an ESB filing. .

The company said its marketable iron ore production in Karnataka increased 18% to 1.4 million tonnes (MT) in the fourth quarter of FY22 from 1.2 MT in the year-ago quarter. former. Total annual iron ore production from Karnataka mines increased by 8% to 5.4 MT from 5 MT in FY21.

“There has been no production in Goa as mining remains suspended in accordance with the Supreme Court judgment of February 7, 2018. We continue to engage with the government for the resumption of mining operations,” the company said. .

The miner’s zinc output also rose 8% to 211,000 tonnes from 1,95,000 tonnes in the year-ago quarter. Its integrated zinc production in FY22 increased 8% to 7,76,000 tonnes from 7,15,000 tonnes in FY2020-21.

In the fourth quarter of FY22, integrated lead production decreased 19% to 49,000 tonnes from 61,000 tonnes in the corresponding quarter of FY21. Overall integrated lead production during FY22 fell 11% to 1,91,000 tons, it said.

About its overseas zinc operations, the company said its overall production increased by 5%. However, overall production was 10% higher at 223,000 tons in FY22.

The company said its average gross oil and gas exploited production was 1,53,840 boepd from January to March for FY22, up from 1,65,000 boepd, a 7% year-on-year increase.

For the full fiscal year 22, average gross operating production was slightly lower by 1% at 1,60,851 boepd.

The company’s total salable steel production increased 3% year-on-year to 3,27,581 tonnes last quarter. During the year ended March 31, 2022, total salable production increased by 6% to 12,60,173 tonnes.

Regarding its copper operations in Tamil Nadu, the company said: “Tuticorin’s smelting operations remain halted since April 2018.

”The Tamil Nadu Pollution Control Board, by an order dated April 9, 2018, rejected the Consent to Operate (CTO) for the plant and issued an instruction to shut down and disconnect the power supply to the plant. ‘plant. In May 2018, the Tamil Nadu government issued an order to permanently seal the existing Tuticorin copper smelter,’ he said.

The company’s electricity sales fell 16% to 2,802 million units last quarter. Annual electricity sales increased 5% to 11,871 million units in FY22.

(This story has not been edited by the Devdiscourse team and is auto-generated from a syndicated feed.)

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