MUMBAI, India, Oct. 10, 2016 /PRNewswire/ --
Q2 Highlights
Operations
- Oil & Gas:
- Strong production at Rajasthan, with Mangala EOR 23% higher
q-o-q
- Gas production at Rajasthan up 17% q-o-q
- Zinc India:
- Mined metal production up 51% and silver production up 21%
q-o-q
- H2 production expected to be significantly higher than H1, as
per the mine plans
- Aluminium:
- Smelters continue to ramp up, with current production run-rate
of 1.1 mtpa (excluding trial run production); ramp-up was impacted
by pot outages at Jharsuguda-II and BALCO-II smelters in Q2
- Secured coal linkages of 6mtpa for captive power plants through
auctions
- Iron Ore:
- Mining and shipments from Goa
resumed from end September, following the monsoon season
- TSPL Power:
- 1980MW plant fully operational with third 660MW unit
capitalized
- 77% plant availability in Q2
Corporate
- Vedanta Limited - Cairn India merger approved by shareholders;
transaction expected to complete in Q1 CY2017
Tom Albanese, Chief Executive
Officer, Vedanta Ltd, said: "We have delivered a strong
operational performance during the quarter. We have progressed on
our ramp-up of aluminium and though we had some operational
challenges, our full year volumes are not expected to be materially
impacted. We achieved higher mined metal production at Zinc India
and this upward trend is expected to continue in the second half.
We are extremely pleased that shareholders have approved the
proposed Vedanta Limited – Cairn India merger last month, and we
expect the transaction to complete in the first quarter of CY2017.
This is an important strategic step in simplifying the
Group."
Oil & Gas
|
Q2
|
Q1
|
H1
|
Particulars
|
FY2017
|
FY2016
|
% change
YoY
|
FY2017
|
% change
QoQ
|
FY2017
|
FY2016
|
% change
YoY
|
OIL AND
GAS
|
|
|
|
|
|
|
|
|
Average Daily
Total Gross Operated Production (boepd)
1
|
206,230
|
214,247
|
(4)%
|
206,455
|
0%
|
206,342
|
216,081
|
(5)%
|
Average Daily
Gross Operated Production (boepd)
|
196,399
|
205,361
|
(4)%
|
196,861
|
0%
|
196,629
|
207,538
|
(5)%
|
Rajasthan
|
167,699
|
168,126
|
0%
|
166,943
|
0%
|
167,323
|
170,164
|
(2)%
|
Ravva
|
18,823
|
26,064
|
(28)%
|
19,637
|
(4)%
|
19,228
|
27,303
|
(30)%
|
Cambay
|
9,877
|
11,172
|
(12)%
|
10,281
|
(4)%
|
10,078
|
10,071
|
0%
|
Average Daily
Working Interest Production (boepd)
|
125,575
|
128,021
|
(2)%
|
125,391
|
0%
|
125,484
|
129,286
|
(3)%
|
Rajasthan
|
117,390
|
117,688
|
0%
|
116,860
|
0%
|
117,126
|
119,115
|
(2)%
|
Ravva
|
4,235
|
5,864
|
(28)%
|
4,418
|
(4)%
|
4,326
|
6,143
|
(30)%
|
Cambay
|
3,951
|
4,469
|
(12)%
|
4,113
|
(4)%
|
4,031
|
4,028
|
0%
|
Total Oil and Gas
(million boe)
|
|
|
|
|
|
|
|
|
Oil
& Gas- Gross
|
18.07
|
18.89
|
(4)%
|
17.91
|
1%
|
35.98
|
37.98
|
(5)%
|
Oil
& Gas-Working Interest
|
11.55
|
11.78
|
(2)%
|
11.41
|
1%
|
22.96
|
23.66
|
(3)%
|
Q2 FY2017 vs. previous quarters
Average gross production was stable at 196,399 barrels of oil
equivalent per day (boepd) during the quarter. A strong performance
by Mangala EOR helped maintain production from Rajasthan. Continued
reservoir management practices and targeting incremental
opportunities helped in sustaining production rates at Ravva and
Cambay.
Gross production from Rajasthan was marginally higher q-o-q at
167,699 boepd. Encouraging results from the Mangala EOR, driven by
enhanced well productivity and new wells coming online, increased
the EOR contribution to production from c.42 kboepd in Q1 FY2017 to
c.52 kboepd in Q2 FY2017. Production optimization and maximization
of liquid handling capacity helped maintain strong performance from
Bhagyam and Aishwariya. Gross production from Development Area-1
and Development Area-2 averaged 151,880 boepd and 15,820 boepd,
respectively.
Gas production from the RDG field also increased to 33 mmscfd
from 28 mmscfd in Q1 FY2017, aided by superior initial well
productivity results obtained from the hydro-frac campaign.
The Ravva and Cambay fields delivered gross production of 28,700
boepd, slightly lower q-o-q. Ravva witnessed softening of
production with volumes averaging at 18,823 boepd. Efforts
continued to sustain production rates by targeting incremental
opportunities such as optimization of gas lifted wells, addition of
new zones, network optimization and water shut-off by zone
isolations, aided in arresting the natural decline rates.
Production from Cambay was at 9,877 boepd as effective reservoir
management practices and production optimization measures helped in
reducing the impact of natural decline.
H1 FY2017 vs. H1 FY2016
Average gross production across assets was at 196,629 boepd.
Production from the Rajasthan asset was broadly stable at 167,323
boepd aided by positive results from the Mangala EOR after its
successful stabilization, and in-line performance from Bhagyam and
Aishwariya. RDG gas production has increased from an average of 25
mmscfd in H1 FY2016 to 30 mmscfd in H1 FY2017. Production from both
the offshore assets together was at 29,305 boepd, lower by c.22%
y-o-y, primarily due to the natural decline.
Zinc-India
Particulars
|
Q2
|
Q1
|
H1
|
FY2017
|
FY2016
|
% change
YoY
|
FY2017
|
% change
QoQ
|
FY2017
|
FY2016
|
% change
YoY
|
Zinc India
(in '000 tonnes, or as stated)
|
|
|
|
|
|
|
|
|
Mined metal
content
|
192
|
240
|
(20)%
|
127
|
51%
|
318
|
472
|
(33)%
|
Refined
Zinc – Total
|
150
|
211
|
(29)%
|
102
|
47%
|
252
|
398
|
(37)%
|
Refined Zinc –
Integrated
|
149
|
211
|
(30)%
|
101
|
47%
|
250
|
398
|
(37)%
|
Refined Zinc –
Custom
|
1
|
-
|
-
|
1
|
-
|
2
|
-
|
-
|
Refined
Lead - Total 2
|
31
|
40
|
(24)%
|
25
|
25%
|
55
|
71
|
(22)%
|
Refined Lead –
Integrated
|
31
|
39
|
(22)%
|
25
|
25%
|
55
|
67
|
(17)%
|
Refined Lead –
Custom
|
-
|
1
|
-
|
-
|
-
|
-
|
4
|
-
|
Silver -
Total (in Tonnes) 3
|
107
|
112
|
(4)%
|
89
|
21%
|
196
|
187
|
5%
|
Silver-
Integrated (in Tonnes)
|
107
|
110
|
(3)%
|
89
|
21%
|
196
|
184
|
6%
|
Silver- Custom
(in Tonnes)
|
-
|
1
|
-
|
-
|
-
|
-
|
3
|
-
|
Q2 FY 2017 vs. previous quarters
Mined metal production was 51% higher q-o-q in line with the
mine plans. The increase was primarily due to significantly higher
production at Rampura Agucha open cast mine compared to Q1, when
there was high waste excavation, in accordance with the waste-ore
sequence.
Refined zinc and lead volumes during the quarter were lower
y-o-y and higher q-o-q, in line with the mined metal
production.
Integrated silver production was up 21% q-o-q as a result of
higher volumes from the Sindesar Khurd mine.
H1 FY2017 vs. H1 FY2016
Mined metal production was at 318,000 tonne in H1 FY2017, lower
than H1 FY2016 mainly due to lower production from the Rampura
Agucha open cast mine as per the mine plan. The combined production
from all underground mines in H1 increased by 83% y-o-y, as we
transition the Rampura Agucha mine from open pit to
underground.
Integrated zinc and lead production were lower, in line with
mined metal production. Integrated silver production was 6% higher
due to higher volumes from the Sindesar Khurd mine, partly offset
by lower volumes from Rampura Agucha open cast.
Zinc – International
|
Q2
|
Q1
|
H1
|
Particulars
(in '000 tonnes, or as stated)
|
FY2017
|
FY2016
|
% change
YoY
|
FY2017
|
% change
QoQ
|
FY2017
|
FY2016
|
% change
YoY
|
Zinc
International
|
39
|
63
|
(38)%
|
43
|
(8)%
|
82
|
133
|
(38)%
|
Zinc
-refined –Skorpion
|
23
|
17
|
37%
|
24
|
(2)%
|
47
|
42
|
10%
|
Mined metal
content - BMM
|
16
|
16
|
2%
|
19
|
(16)%
|
35
|
31
|
14%
|
Mined metal
content - Lisheen
|
-
|
31
|
-
|
-
|
-
|
-
|
60
|
-
|
Q2 FY 2017 vs. previous quarters
Total production, excluding production from Lisheen, was up 20%
y-o-y. Production including Lisheen was at 39,000 tonnes, lower
than the corresponding prior quarter due to the closure of the
Lisheen mine in November 2015.
Production at Skorpion increased y-o-y on account of higher feed
grades and better recoveries. During Q2 FY2016, production at
Skorpion had been impacted by shutdowns. Production at BMM
for the quarter was lower sequentially, primarily due to lower feed
grades.
H1 FY2017 vs. H1 FY2016
Total production, excluding Lisheen, was 12% higher than H1
FY2016. Production including Lisheen was at 82,000 tonnes, lower by
38%, mainly due to closure of the Lisheen mine.
Iron Ore
|
Q2
|
Q1
|
H1
|
Particulars
(in million dry metric tonnes, or as stated)
|
FY2017
|
FY2016
|
% change
YoY
|
FY2017
|
% change
QoQ
|
FY2017
|
FY2016
|
% change
YoY
|
IRON
ORE
|
|
|
|
|
|
|
|
|
Sales
|
0.8
|
0.6
|
25%
|
2.6
|
(70)%
|
3.4
|
1.2
|
-
|
Goa
|
0.3
|
-
|
-
|
2.1
|
(84)%
|
2.4
|
-
|
-
|
Karnataka
|
0.5
|
0.6
|
(27)%
|
0.5
|
(12)%
|
1.0
|
1.2
|
(14)%
|
Production of
Saleable Ore
|
1.5
|
0.8
|
78%
|
3.2
|
(55)%
|
4.7
|
1.0
|
-
|
Goa
|
0.5
|
0.0
|
-
|
2.4
|
(78)%
|
2.9
|
0.0
|
-
|
Karnataka
|
0.9
|
0.8
|
22%
|
0.8
|
13%
|
1.7
|
1.0
|
79%
|
Production ('000
tonnes)
|
|
|
|
|
|
|
|
|
Pig
Iron
|
192
|
150
|
27%
|
181
|
6%
|
372
|
320
|
16%
|
Q2 FY 2017 vs. previous quarters
At Goa, production was 0.5
million tonnes and sales were 0.3 million tonnes. Mining activities
were lower in Q2, as usual, due to the monsoon season. Mining and
shipments have resumed from end September.
At Karnataka, production was 0.9 million tonnes and sales were
0.5 million tonnes. The sales were lower due to lower e-auction
sales and dispatches. However, a substantial quantity has been
contracted through e-auction in end-Q2, which will be dispatched in
Q3.
During Q2 FY2017, production of pig iron was 27% higher y-o-y at
192,000 tonnes, mainly due to higher plant availability. Production
was higher 6% q-o-q as there was a maintenance shutdown in Q1
FY2017.
Our current annual mining allocations are 5.5mt and 2.3mt for
Goa and Karnataka, respectively.
We are engaged with the respective state governments for increases
in these mining allocations.
H1 FY2017 vs. H1 FY2016
Production at Goa was 2.9
million tonnes, and sales were 2.4 million tonnes. During Q1, we
had ramped up production to a run-rate of 0.8mt per month;
production was lower in Q2 due to the monsoon season. At Karnataka,
production was 1.7 million tonnes and sales were 1.0 million
tonnes. Production of pig iron ramped up from 320,000 in H1 FY2016
to a record production of 372,000 tonnes in H1 FY2017.
Copper - India
|
Q2
|
Q1
|
H1
|
Particulars
(in '000 tonnes, or as stated)
|
FY2017
|
FY2016
|
% change
YoY
|
FY2017
|
% change
QoQ
|
FY2017
|
FY2016
|
% change
YoY
|
COPPER-
INDIA
|
|
|
|
|
|
|
|
|
Copper –
Cathodes
|
97
|
94
|
3%
|
100
|
(3)%
|
198
|
193
|
3%
|
Tuticorin
Power Sales (MU)
|
30
|
118
|
(75)%
|
60
|
(50)%
|
90
|
293
|
(69)%
|
Q2 FY 2017 vs. previous quarters
Production from the Tuticorin smelter was 97,000 tonnes,
marginally lower q-o-q. During the quarter, production was affected
by an unplanned outage for ten days due to a boiler leakage at the
smelter.
The 160 MW power plant at Tuticorin operated at a low Plant Load
Factor (PLF) of 48% during Q2 FY2017 (against 76% in Q2 FY2016 and
60% in Q1 FY2017). PLF was lower during the quarter due to low
offtake from Telangana State Electricity Board (TSEB) owing to the
extended monsoon season and weaker power demand in the region.
We have entered into a contract with the TSEB for power supply
from June 2016 to May 2017 following the completion of the sales
contract with the Tamil Nadu Electricity Board (TNEB). We are
entitled to compensation at 20% of the contracted rate for off-take
below 85% of the contracted quantity.
H1 FY2017 vs. H1 FY2016
Production in H1 FY2017 was marginally higher at 198,000 tonnes
of cathodes. The 160MW power plant at the Tuticorin operated at a
PLF of 54% in H1 FY2017 compared to 85% in H1 FY2016, primarily due
to lower off-take from TNEB and TSEB.
Aluminium
|
Q2
|
Q1
|
H1
|
Particulars
(in '000 tonnes, or as stated)
|
FY2017
|
FY2016
|
% change
YoY
|
FY2016
|
% change
QoQ
|
FY2017
|
FY2016
|
% change
YoY
|
Aluminium
|
|
|
|
|
|
|
|
|
Alumina-Lanjigarh
|
292
|
272
|
8%
|
275
|
6%
|
567
|
541
|
5%
|
Total Aluminium
Production
|
296
|
233
|
27%
|
244
|
21%
|
541
|
464
|
17%
|
Jharsuguda-I
|
132
|
130
|
1%
|
129
|
2%
|
261
|
262
|
0%
|
Jharsuguda-II
4
|
48
|
19
|
-
|
28
|
70%
|
77
|
38
|
-
|
BALCO-I
|
63
|
65
|
(3)%
|
63
|
(1)%
|
126
|
127
|
(1)%
|
BALCO-II
5
|
52
|
19
|
-
|
24
|
-
|
77
|
37
|
-
|
BALCO 270 MW
6
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Jharsuguda 1800 MW
(Surplus
Power Sales in
Million Units) 6
|
156
|
-
|
-
|
355
|
(56)%
|
511
|
-
|
-
|
Q2 FY 2017 vs. previous quarters
We achieved record quarterly production of 296,000 tonnes of
aluminium in Q2, with an exit run-rate of 1.1 mtpa (excluding trial
run production) in September 2016.
The commissioning of pots at the first line of the 1.25 mtpa
Jharsuguda-II aluminium smelter was completed at the end of
July 2016. However, this line was
impacted by a power outage in early August, following which 168
pots were taken out of production. The impacted pots are currently
being rectified, and 10 pots have re-started in early October 2016.
The commissioning of the second line of Jharsuguda-II commenced
in July, with 158 pots having been commissioned till date, and the
balance pots continuing to be commissioned. The third line of the
Jharsuguda-II smelter will commence ramp-up from the second half of
October 2016, ahead of the earlier
plan of Q4 FY2017.
The BALCO-II smelter was commissioned, with all 336 pots
operational in August. However, there was a technical issue in
early September, due to which 167 pots were taken out of
production. The rectification work is in progress and these pots
are expected to be re-started by Q4 FY2017. The rolled product
facility at BALCO, which was temporarily shut-down in Q2 FY2016, is
beginning to restart operations, and produced 5,000 tonnes during
the quarter.
The second stream of the Lanjigarh alumina refinery that was
temporarily closed in Q2 FY2016, recommenced operations in Q1
FY2017. The two streams produced 292,000 tonnes of alumina in Q2,
6% higher than Q1. The exit run-rate for the quarter for alumina
production was 1.2 mtpa.
Power sales from the 1,800 MW Jharsuguda power plant was lower
due to a weak power market. However, the PLF's will continue to
increase as we ramp up the Jharsuguda-II smelter.
We expect to produce 1.4 mtpa of Alumina and 1.1 mtpa of
Aluminium (excluding trial run production) in FY2017.
H1 FY2017 vs. H1 FY2016
Aluminium production was a record at 541,000 tonnes in H1, 17%
higher y-o-y, mainly on account of ramp-up of the Jharsuguda-II and
BALCO-II smelters. Alumina production was 5% higher at 567,000
tonnes due to the recommencement of the second stream of the
Lanjigarh refinery from 1st April
2016.
Power
|
Q2
|
Q1
|
H1
|
Particulars
(in million units)
|
FY2017
|
FY2016
|
% change
YoY
|
FY2017
|
% change
QoQ
|
FY2017
|
FY2016
|
% change
YoY
|
Power
|
|
|
|
|
|
|
|
|
Total Power
Sales
|
3,030
|
2,718
|
nm
|
3,010
|
1%
|
6,039
|
5,789
|
nm
|
Jharsuguda 600 MW6
|
605
|
1,554
|
nm
|
892
|
(32)%
|
1,497
|
3,820
|
nm
|
BALCO
600 MW
|
549
|
158
|
-
|
607
|
(9)%
|
1,156
|
158
|
-
|
MALCO
|
25
|
127
|
(80)%
|
90
|
(72)%
|
115
|
320
|
(64)%
|
HZL Wind
Power
|
172
|
158
|
9%
|
148
|
16%
|
320
|
286
|
12%
|
BALCO
270 MW 6
|
-
|
28
|
-
|
-
|
-
|
-
|
128
|
-
|
TSPL
|
1,679
|
693
|
-
|
1,272
|
32%
|
2,951
|
1,077
|
-
|
TSPL –
Availability
|
77%
|
86%
|
-
|
72%
|
-
|
75%
|
71%
|
-
|
Q2 FY 2017 vs. previous quarters
Total power sales were higher y-o-y due to the commissioning of
additional units at TSPL and BALCO over the last year.
Power sales from TSPL were significantly higher during the
quarter. The third 660MW unit at TSPL achieved Commercial Operation
Date (COD) on 24th August
2016 and was capitalized on 1st September 2016. In Q2 FY2017, all three units
operated at an availability of 77% (considering the third unit from
1st September), higher q-o-q mainly due to a statutory
shutdown at one of the units, in the previous quarter. The Power
Purchase Agreement with the Punjab State compensates us based on
the availability of the plant.
The Jharsuguda 600MW power plant operated at a lower Plant Load
Factor (PLF) of 50% in Q2 FY2017 (PLF 60% in Q2 FY2016, 74% in Q1
FY2017) due to power evacuation constraints.
The 600 MW BALCO IPP units (2x300MW) operated at a PLF of 54% in
Q2 due to weak power market.
The MALCO power plant operated at a lower PLF of 20% in Q2
FY2017 (61% in Q2 FY 2016 and 44% in Q1 FY2017) due to lower
offtake from Telengana State Electricity Board (TSEB). We have
entered into a contract with TSEB for power supply from
June 2016 to May 2017, following the completion of the sales
contract with the Tamil Nadu Electricity Board. However, we are
entitled to compensation at 20% of the contracted rate for off-take
below 85% of the contractual quantity.
H1 FY2017 vs. H1 FY2016
During H1 FY2017, power sales were higher compared to H1 FY2016
due to commissioning of additional units at the TSPL and BALCO
power plants.
Production Summary
(Unaudited)
|
(in '000 tonnes,
except as stated)
|
Particulars
|
Q2
|
Q1
|
H1
|
FY
2017
|
FY
2016
|
% Change
YoY
|
FY
2016
|
% Change
QoQ
|
FY
2017
|
FY
2016
|
% Change
YoY
|
OIL AND
GAS
|
|
|
|
|
|
|
|
|
Average Daily
Total Gross Operated Production (boepd)1
|
206,230
|
214,247
|
(4)%
|
206,455
|
0%
|
206,342
|
216,081
|
(5)%
|
Average Daily
Gross Operated Production (boepd)
|
196,399
|
205,361
|
(4)%
|
196,861
|
0%
|
196,629
|
207,538
|
(5)%
|
Rajasthan
|
167,699
|
168,126
|
0%
|
166,943
|
0%
|
167,323
|
170,164
|
(2)%
|
Ravva
|
18,823
|
26,064
|
(28)%
|
19,637
|
(4)%
|
19,228
|
27,303
|
(30)%
|
Cambay
|
9,877
|
11,172
|
(12)%
|
10,281
|
(4)%
|
10,078
|
10,071
|
0%
|
Average Daily
Working Interest Production (boepd)
|
125,575
|
128,021
|
(2)%
|
125,391
|
0%
|
125,484
|
129,286
|
(3)%
|
Rajasthan
|
117,390
|
117,688
|
0%
|
116,860
|
0%
|
117,126
|
119,115
|
(2)%
|
Ravva
|
4,235
|
5,864
|
(28)%
|
4,418
|
(4)%
|
4,326
|
6,143
|
(30)%
|
Cambay
|
3,951
|
4,469
|
(12)%
|
4,113
|
(4)%
|
4,031
|
4,028
|
0%
|
Total Oil and Gas
(million boe)
|
|
|
|
|
|
|
|
|
Oil & Gas-
Gross
|
18.07
|
18.89
|
(4)%
|
17.91
|
1%
|
35.98
|
37.98
|
(5)%
|
Oil & Gas-Working
Interest
|
11.55
|
11.78
|
(2)%
|
11.41
|
1%
|
22.96
|
23.66
|
(3)%
|
Zinc
India
|
|
|
|
|
|
|
|
|
Mined metal
content
|
192
|
240
|
(20)%
|
127
|
51%
|
318
|
472
|
(33)%
|
Refined Zinc –
Total
|
150
|
211
|
(29)%
|
102
|
47%
|
252
|
398
|
(37)%
|
Refined Zinc –
Integrated
|
149
|
211
|
(30)%
|
101
|
47%
|
250
|
398
|
(37)%
|
Refined Zinc –
Custom
|
1
|
-
|
-
|
1
|
-
|
2
|
-
|
-
|
Refined Lead -
Total 2
|
31
|
40
|
(24)%
|
25
|
25%
|
55
|
71
|
(22)%
|
Refined Lead –
Integrated
|
31
|
39
|
(22)%
|
25
|
25%
|
55
|
67
|
(17)%
|
Refined Lead –
Custom
|
-
|
1
|
-
|
-
|
-
|
-
|
4
|
-
|
Silver - Total (in
Tonnes) 3
|
107
|
112
|
(4)%
|
89
|
21%
|
196
|
187
|
5%
|
Silver- Integrated
(in Tonnes)
|
107
|
110
|
(3)%
|
89
|
21%
|
196
|
184
|
6%
|
Silver- Custom (in
Tonnes)
|
-
|
1
|
-
|
-
|
-
|
-
|
3
|
-
|
Zinc
International
|
39
|
63
|
(38)%
|
43
|
(8)%
|
82
|
133
|
(38)%
|
Zinc -Refined
–Skorpion
|
23
|
17
|
37%
|
24
|
(2)%
|
47
|
42
|
10%
|
Mined metal content -
BMM
|
16
|
16
|
2%
|
19
|
(16)%
|
35
|
31
|
14%
|
Mined metal content -
Lisheen
|
-
|
31
|
-
|
-
|
|
-
|
60
|
-
|
IRON ORE (in
million dry metric tonnes, or as stated)
|
|
|
|
|
|
|
|
|
Sales
|
0.8
|
0.6
|
25%
|
2.6
|
(70)%
|
3.4
|
1.2
|
-
|
Goa
|
0.3
|
-
|
-
|
2.1
|
(84)%
|
2.4
|
-
|
-
|
Karnataka
|
0.5
|
0.6
|
(27)%
|
0.5
|
(12)%
|
1.0
|
1.2
|
(14)%
|
Production of
Saleable Ore
|
1.5
|
0.8
|
78%
|
3.2
|
(55)%
|
4.7
|
1.0
|
-
|
Goa
|
0.5
|
0.0
|
-
|
2.4
|
(78)%
|
2.9
|
0.0
|
-
|
Karnataka
|
0.9
|
0.8
|
22%
|
0.8
|
13%
|
1.7
|
1.0
|
79%
|
Pig Iron
|
192
|
150
|
27%
|
181
|
6%
|
372
|
320
|
16%
|
Particulars
|
Q2
|
Q1
|
H1
|
FY
2017
|
FY
2016
|
% Change
YoY
|
FY
2017
|
% Change
QoQ
|
FY
2017
|
FY
2016
|
% Change
YoY
|
COPPER –
INDIA
|
|
|
|
|
|
|
|
|
Copper -
Cathodes
|
97
|
94
|
3%
|
100
|
(3)%
|
198
|
193
|
3%
|
Tuticorin
Power Plant Sales (MU)
|
30
|
118
|
(75)%
|
60
|
(50)%
|
90
|
293
|
(69)%
|
ALUMINUM
|
|
|
|
|
|
|
|
|
Alumina-Lanjigarh
|
292
|
272
|
8%
|
275
|
6%
|
567
|
541
|
5%
|
Total Aluminum
Production
|
296
|
233
|
27%
|
244
|
21%
|
541
|
464
|
17%
|
Jharsuguda-I
|
132
|
130
|
1%
|
129
|
2%
|
261
|
262
|
0%
|
Jharsuguda-II
4
|
48
|
19
|
-
|
28
|
70%
|
77
|
38
|
-
|
BALCO-I
|
63
|
65
|
(3)%
|
63
|
(1)%
|
126
|
127
|
(1)%
|
BALCO-II
5
|
52
|
19
|
-
|
24
|
-
|
77
|
37
|
-
|
BALCO 270 MW
6
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Jharsuguda 1800 MW
(Surplus Power Sales)
|
156
|
-
|
-
|
355
|
(56)%
|
511
|
-
|
-
|
POWER (in million
units)
|
|
|
|
|
|
|
|
|
Total Power
Sales
|
3,030
|
2,718
|
nm
|
3,010
|
1%
|
6,039
|
5,789
|
nm
|
Jharsuguda 600
MW 6
|
605
|
1,554
|
nm
|
892
|
(32)%
|
1,497
|
3,820
|
nm
|
BALCO 600
MW
|
549
|
158
|
-
|
607
|
(9)%
|
1,156
|
158
|
-
|
MALCO
|
25
|
127
|
(80)%
|
90
|
(72)%
|
115
|
320
|
(64)%
|
HZL Wind
Power
|
172
|
158
|
9%
|
148
|
16%
|
320
|
286
|
12%
|
BALCO 270 MW
6
|
-
|
28
|
-
|
-
|
-
|
-
|
128
|
-
|
TSPL
|
1,679
|
693
|
-
|
1,272
|
32%
|
2,951
|
1,077
|
-
|
TSPL –
availability
|
77%
|
86%
|
-
|
72%
|
-
|
75%
|
71%
|
-
|
Ports – VGCB (in
million tonnes) 7
|
|
|
|
|
|
|
|
|
Cargo
Discharge
|
1.3
|
2.1
|
(40)%
|
1.6
|
(21)%
|
2.9
|
3.6
|
(21)%
|
Cargo
Dispatches
|
1.5
|
2.1
|
(30)%
|
1.5
|
(1)%
|
3.0
|
3.8
|
(21)%
|
- Including Internal Gas consumption
- Excluding Captive consumption of 837 tonnes in Q2 FY
2017 vs 1,514 tonnes in Q2 FY 2016 and 1,921 tonnes in H1 FY 2017
vs 3,697 tonnes in H1 FY 2016
- Excluding Captive consumption of 4.3 Mt in Q2 FY 2017 vs 7.8
Mt in Q2 FY 2016 and 9.8 Mt in H1 FY 2017 vs 19.1 Mt in H1 FY
2016
- Including trial run production of 19 kt in Q2 FY
2017 vs 19 kt in Q2 FY 2016 and 29 kt in H1 FY2017 vs 38 kt in H1
FY 2016
- Including trial run production of 22 kt in Q2 FY2017 and 28
kt in H1 FY 2017
- Jharsuguda 1,800MW and BALCO 270 MW have been moved from the
Power to the Aluminum segment from 1st April
2016
- Vizag General Cargo Berth
For further information, please contact:
Communications
Roma
Balwani
President – Group
Communications, Sustainability& CSR
|
Tel: +91 22 6646
1000
gc@vedanta.co.in
|
|
|
Investor
Relations
Ashwin
Bajaj
Director – Investor
Relations
|
Tel: +91 22 6646
1531
vedantaltd.ir@vedanta.co.in
|
|
|
Vishesh
Pachnanda
|
|
Manager – Investor
Relations
|
|
|
|
Sunila
Martis
|
|
Manager – Investor
Relations
|
|
About Vedanta Limited (Formerly SesaSterlite Ltd.)
Vedanta Limited is a diversified natural resources company,
whose business primarily involves producing oil & gas, zinc -
lead - silver, copper, iron ore, aluminium and commercial power.
The company has a presence across India, South
Africa, Namibia,
Australia and Ireland.
Vedanta Limited is the Indian subsidiary of Vedanta Resources
Plc, a London-listed company.
Governance and Sustainable Development are at the core of Vedanta's
strategy, with a strong focus on health, safety and environment and
on enhancing the lives of local communities. The company is
conferred with the Confederation of Indian Industry (CII)
'Sustainable Plus Platinum label', ranking among the top 10 most
sustainable companies in India. To
access the Vedanta Sustainable Development Report 2016, please
visit
http://sustainabledevelopment.vedantaresources.com/content/dam/vedanta/corporate/documents/Otherdocuments/SDreport2015-16/Vedanta%20SDR%20FY%2015-16.pdf
Vedanta Limited is listed on the Bombay Stock Exchange and the
National Stock Exchange in India
and has ADRs listed on the New York Stock Exchange.
For more information please visit www.vedantalimited.com
Vedanta Limited
(Formerly known as SesaSterlite
Limited)
Vedanta, 75, Nehru Road,
Vile Parle (East), Mumbai - 400
099
www.vedantalimited.com
Registered Office:
SesaGhor, 20 EDC Complex,
Patto, Panaji (Goa) - 403 001
CIN: L13209GA1965PLC000044
Disclaimer
This press release contains "forward-looking statements" – that
is, statements related to future, not past, events. In this
context, forward-looking statements often address our expected
future business and financial performance, and often contain words
such as "expects," "anticipates," "intends," "plans," "believes,"
"seeks," "should" or "will." Forward–looking statements by their
nature address matters that are, to different degrees, uncertain.
For us, uncertainties arise from the behaviour of financial and
metals markets including the London Metal Exchange, fluctuations in
interest and or exchange rates and metal prices; from future
integration of acquired businesses; and from numerous other matters
of national, regional and global scale, including those of a
political, economic, business, competitive or regulatory nature.
These uncertainties may cause our actual future results to be
materially different that those expressed in our forward-looking
statements. We do not undertake to update our forward-looking
statements.
Logo -
http://photos.prnewswire.com/prnh/20150422/740375
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/vedanta-limited-production-release-for-the-second-quarter-and-half-year-ended-30th-september-2016-300342020.html