Vedanta announces an increase in production of aluminium, iron ore, steel, and zinc in Q1

Breaking News

Govt Enforces ‘Melt and Pour’ Rule for All Steel in Public Projects Nippon Steel expected to finalize U.S. Steel acquisition at $55 per share NMDC Limited reports a 38% drop in Q4 FY24 consolidated net profit RINL to Raise $23 Million Through Land Sales Amid Crisis

Vedanta announces an increase in production of aluminium, iron ore, steel, and zinc in Q1

Large Corporate 04 Jul 2024 12:08 PM IST PTI

Vedanta Ltd, a mining giant, stated that production of aluminium, zinc, iron ore, and steel increased in the June quarter. However, during the quarter, the production of gas, oil, and mined metal from elsewhere declined.

Vedanta said in a report to the BSE that the company's aluminium output increased by 3% to 5,96,000 tonnes in the first quarter compared to the same period last year. The saleable metal output at Zinc India increased to 2,62,000 tonnes from 2,60,000 tonnes. While at Zinc International, mined metal output fell to 38,000 tonnes from nearly 68,000 tonnes in the first quarter of FY24.

Meanwhile, oil and gas output dropped 17% to 112,400 average daily gross operated production (boepd) during the quarter from 134,900 boepd a year earlier. Saleable iron ore production rose to 1.3 million tonnes (MT) from 1.2 MT in the year-ago period. The total saleable steel production rose 10% to 3,56,000 tonnes, and power sales rose 13% to 4,791 million units from 4,256 million units in the April-June period of the last financial year.

Vedanta Ltd, a subsidiary of Vedanta Resources Ltd, is one of the world's leading natural resources companies spanning across India, South Africa, Namibia, Liberia, the UAE, Korea, Taiwan, and Japan with significant operations in oil and gas, zinc, lead, silver, copper, iron ore, steel, nickel, aluminium and powe

Also Read : JSW group ventures into the defence sector with JSW defence and aerospace Vedanta plans to invest $20 bn in India in 4 years; will sell steel biz only at right price

Breaking News

Vedanta announces an increase in production of aluminium, iron ore, steel, and zinc in Q1

Related News

US seeks to jumpstart production of higher-energy uranium now made in Russia

Success of India grounded in pursuit of reforms over last years: IMF MD Kristalina Georgieva

Iron ore prices correct after sharp surge in April

NTPC permanently shuts down 220 MW Barauni Stage-I project

India revamping coal transport tariffs to lower its carbon footprint, optimise charges for coastal shipping

Coal India wins bid for solar power project in Gujarat