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

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

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.

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.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Sabarmati Riverfront Two Plots Up for Auction at Rs2.24 bn Base Price

Two commercial plots on the western bank of the Sabarmati Riverfront will be auctioned with a base price of Rs 112 crore each, equivalent to Rs 1.12 bn apiece and Rs 2.24 billion in total. The parcels are located adjacent to the Metro Rail Bridge in Ahmedabad and form the first commercial offering after a prolonged pause. The Riverfront Development Corporation has framed the sale as part of a phased commercial release to revive development along the riverfront. The combined base valuation has been set by the corporation to reflect market rates along the riverfront. The corporation has fixed a ..

Next Story
Infrastructure Urban

Andhra Pradesh to Connect Over One Million Streetlights

Andhra Pradesh will undertake a statewide smart streetlighting programme across all 123 Urban Local Bodies (ULBs), bringing around 1.05 million (mn) streetlights under an AI enabled monitoring and management system. The programme will be implemented by Energy Efficiency Services Limited (EESL) with the Commissioner and Director of Municipal Administration under the state Municipal Administration and Urban Development Department. The project aims to convert conventional streetlighting into a digitally managed municipal service monitored and maintained remotely. The initial phase will cover abou..

Next Story
Infrastructure Urban

AMC To Procure Four Machines For Guard Rail Cleaning

Ahmedabad Municipal Corporation will introduce four specialised machines for cleaning guard railings along major roads and the central verges of BRTS and Metro corridors. The civic body plans to replace manual labour with mechanised cleaning to improve maintenance of road infrastructure and greenery. The purchase is estimated at Rs 82.8 million (mn), excluding GST. The proposal sets the base price of each machine at about Rs 20.7 million (mn) so four units total Rs 82.8 million (mn) before GST. 18 per cent GST will be applicable separately. During the warranty period each machine will operate ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement