Zinc India's mined metal production was marginally down at 2,52,000 tonnes YoY and decreased 2% QoQ, largely due to lower ore production at Rampura Agucha and Kayad mines partly offset by better overall metal grades.

The total production of Zinc International slipped 10% YoY and 3% QoQ to 66,000 tonnes, largely due to lower tonnes treated.

Saleable iron ore production in Karnataka jumped 14% to 1.2 million tonnes in Q2 FY24 as compared with 1.1 million tonnes in Q2 FY23, though it was impacted by heavy rainfall.

Total saleable production increased 17% YoY to 3,78,000 tonnes on account of improved operational efficiency and higher production capacity post debottlenecking carried out in FY23. It increased by 17% QoQ on account of planned annual shut down in Q1 FY24.

In Power segment, overall power sales increased by 12% YoY while down 5% QoQ to 4,048 million units. At Talwandi Sabo Power (TSPL), the power purchase agreement with the Punjab State Electricity Board compensates TSPL based on the availability of the plant. TSPL power sales were at 2,796 million units with 83% plant availability factor in Q2 FY24.

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, the miner's net profit tumbled 40.8% to Rs 3,308 crore in Q1 FY24 on 12.8% decline in revenue from operations to Rs 33,342 crore in Q1 FY24 over Q1 FY23.

The scrip declined 0.91% to Rs 228.70 on the BSE.