Vedanta's aluminium output increases 4% to 5,98,000 tonnes in Q4FY24

On Thursday, April 4, Vedanta Ltd said its total aluminum production rose per cent to 5,98,000 tonnes in the fourth quarter of financial year 2024 as compared with last year's 5,74,000 tonnes during the same quarter, according to a stock market disclosure.

Vedanta's alumina production at its Lanjigarh refinery facility in Odisha jumped 18 per cent to 4,48,000 tonnes due to improved operational efficiency, the company informed in a BSE filing.

Meanwhile, Zinc India's mined metal output in Q4 fell to 2,99,000 tonnes, compared to 3,01,000 tonnes in Q4 FY23.

In the fourth quarter of FY24, refined zinc production climbed by 2 per cent to 2,20,000 tonnes, but refined lead output fell to 53,000 tonnes compared to the previous year.

In the oil and gas vertical, Vedanta's average gross operated production dropped to 117.8 kboepd (thousand barrels of oil equivalent per day) in the fourth quarter of FY24, over the corresponding quarter of the previous fiscal. The company's Rajasthan block recorded an average production of 97.8 kboepd, down 13 per cent Y-o-Y (Year on Year).

The company's iron ore business in Karnataka recorded saleable ore output of 1.7 million tonne in the fourth quarter of FY24, registering a rise of 13 per cent over Q4 FY23 on account of improved operational efficiency and process improvements, according to the company.

The company's pig iron production stood at 1,98,000 tonne, up 6 per cent Y-o-Y on account of improved process efficiency. In the steel segment, Vedanta's total saleable production dropped 11 per cent to 3,43,000 tonne in Q4 FY24.

The company's FACOR business recorded ore production of 79,000 tonne in Q4 FY24, up 55 per cent Y-o-Y driven by improved operational efficiencies.

Ferro chrome production stood at 27,000 tonne, up 38 per cent Y-o-Y due to capacity enhancement and improved productivity.

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

Meanwhile, Vedanta's shares were trading 3.63 per cent higher at Rs 309.40 each on BSE today at 1.42 PM IST.

With agency inputs