New Delhi: Vedanta Ltd, a major mining company, announced an increase in the production of aluminium, zinc, and iron ore during the September quarter. Nevertheless, steel production, foreign-mined metal, and oil and gas extraction decreased in the quarter. According to a BSE filing, Vedanta reported a 3 per cent increase in aluminum production to 6,09,000 tonnes in the second quarter compared to the previous year.
In Zinc India, the amount of metal available for sale increased to 262,000 tonnes from 241,000 tonnes. During the period when Zinc International operated, the amount of metal output obtained from mining decreased by 34 per cent, going from 66,000 tonnes to 44,000 tonnes in the second quarter.
At the same time, there was a 22 percent decrease in oil and gas production to 104,900 boepd, compared to the average daily gross operated production of 134,100 boepd in the previous year. The amount of iron ore available for sale increased to 1.3 million tonnes from 1.2 million tonnes compared to the previous year. The overall amount of steel available for sale decreased by 22 percent to 2,96,000 tonnes while electricity sales increased by 7 percent to 4,322 million units compared to the same period in the previous fiscal year.
The company stated that production was negatively affected by the planned shutdown for the debottlenecking of the steel melting shop and maintenance of the oxygen plant in Q2. Vedanta Ltd, a branch of Vedanta Resources Ltd, is among the top natural resources firms globally, operating in multiple countries like India, South Africa, Namibia, Liberia, the UAE, Korea, Taiwan, and Japan. Their main activities include oil and gas, zinc, lead, silver, copper, iron ore, steel, nickel, aluminium, and power.
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