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The company stated that the alumina production at lanjigarh refinery declined 7% QoQ and 18% YoY to 4,11,000 due to planned calciner shutdown. The cast metal aluminium production increased by 1% QoQ to 5,74,000 tonnes with Jharsuguda ramp up, it added.
Zinc India reported record quarterly mined metal production at 3,01,000 since UG transition, up 2% YoY and 19% QoQ driven by higher ore production and improved mined metal grades.
The total production of Zinc International grew 14% YoY to 63,000 tonnes with better production both at Gamsberg and BMM.
The production of saleable iron ore in Karnataka jumped 12% to 1.6 million tonnes in Q4 FY23 as compared with 1.4 million tonnes in Q4 FY22.
The finished steel production in Q4 FY23 was 3,87,000 tonnes increased by 18% YoY and jumped 26% QoQ as Q3 FY23 production was impacted by blast furnace maintenance activities.
Vedanta, a subsidiary of Vedanta Resources, is one of the world's leading oil & gas and metals company with significant operations in oil & gas, zinc, lead, silver, copper, iron ore, steel, and aluminium & power across India, South Africa and Namibia.
On consolidated basis, Vedanta's net profit declined 42.25% to Rs 3,092 crore in Q3 FY23 from Rs 5,354 crore posted in Q3 FY22. Revenue from operations fell marginally to Rs 33,691 crore in Q3 FY23 as against Rs 33,697 crore reported in the corresponding quarter last year.
The shares of Vedanta jumped 2.80% to Rs 282.40 on Monday, 3 April 2023.
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