Q1 FY25: Vedanta sees rise in production of steel, zinc, etc

05 Jul 2024 CW Team

Iron ore, steel, zinc, aluminium, and zinc output all increased in the June quarter, according to mining behemoth Vedanta Ltd. However, throughout the quarter, there was a decline in the production of gas and oil as well as mined metal from elsewhere. Vedanta stated in a report to the BSE that the company's output of aluminium increased by 3% to 5,96,000 tonne in the first quarter compared to the same period last year. The saleable metal output at Zinc India increased to 2,62,000 tonne from 2,60,000 tone.When Zinc International was in operation, the output of mined metal fell to 38,000 tonnes, compared to 68,000 tonnes in the first quarter of FY24. In the meantime, output of oil and gas fell 17% year over year to an average daily gross operational production (boepd) of 112,400 for the quarter, down from 134,900 boepd. Over the same period last year, the production of marketable iron ore increased to 1.3 million tonnes from 1.2 million tonnes. In the April?June quarter of the previous fiscal year, electricity sales increased by 13% to 4,791 million units from 4,256 million units, while the total output of saleable steel increased by 10% to 3,56,000 tonne. One of the top natural resource companies in the world, Vedanta Ltd. is a subsidiary of Vedanta Resources Ltd. and operates in several countries, including India, South Africa, Namibia, Liberia, the UAE, Korea, Taiwan, and Japan. It has major operations in the areas of oil and gas, zinc, lead, silver, copper, iron ore, steel, nickel, aluminium, and power.

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