UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16
of the Securities Exchange Act of 1934
For the month of October 2015
Commission File 001 33175
Vedanta
Limited
(formerly Sesa Sterlite Limited)
(Exact name of registrant as specified in the charter)
Sesa Ghor
20, EDC Complex, Patto
Panaji, Goa 403 001, India
(Address of principal executive
offices)
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
Form
20-F x Form 40-F ¨
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ¨
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by
Regulation S-T Rule 101(b)(7): ¨
Table of Contents
Vedanta Limited
Other Events
Vedanta Limited (the Company) issued a production release for the Second Quarter and Half Year ended September 30, 2015. A copy of the Press Release is attached as Exhibit 99.1.
Exhibits
Ex-99.1
Production Release for the Second Quarter And Half Year Ended September 30, 2015
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this
report to be signed on its behalf by the undersigned, thereunto duly authorized.
Date: October 9, 2015
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VEDANTA LIMITED |
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By: |
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/s/ Rajiv Choubey |
Name: |
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Rajiv Choubey |
Title: |
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Company Secretary |
Exhibit 99.1
Vedanta Limited
(Formerly known as Sesa Sterlite Ltd.)
Regd. Office: Sesa Ghor, 20 EDC Complex,
Patto, Panaji, Goa - 403001.
www.vedantalimited.com
CIN: L13209GA1965PLC000044
Vedanta Limited
Production Release for the Second Quarter
And Half Year Ended 30 September 2015
9 October 2015
Q2 Highlights
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Oil & Gas: Q2 production up 6% and H1 production in line with guidance |
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Rajasthan production 3% higher at 168,126 boepd |
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Ravva and Cambay production 19% higher at 37,236 boepd |
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Zinc-India: Strong mined and refined metal production; integrated silver production up 64% |
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Aluminium: Stable volumes from existing smelters; cost reduction initiatives in progress; further pots at Jharsuguda - II smelter to ramp up in Q3
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Iron Ore: Mining operations recommenced at Goa |
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Copper India: Stable operations at 94% capacity utilisation |
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Power: Unit - 1 of Talwandi Sabo achieved 86% availability |
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Continued optimisation of opex and capex to maximise free cash flow and reduce net debt |
Tom Albanese, Chief Executive Officer, Vedanta Limited, said: Our diversified asset portfolio has delivered a strong operating
performance during the quarter, including record production from our tier-1 Zinc mines. We are continuing to drive efficiency improvements and optimise opex and capex across the business. While the near-term market outlook is challenging, we believe
we have the right mix of commodities to benefit from future demand in India and globally.
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Vedanta Limited
Production Results for the Second Quarter and Half Year ended 30 September 2015 |
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Page
2
of 10 |
Oil and Gas
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Q2 |
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Q1 |
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H1 |
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Particulars |
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FY2016 |
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FY2015 |
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% change YoY |
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FY2016 |
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FY2016 |
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FY2015 |
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% change YoY |
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OIL AND GAS (boepd) |
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Average Daily Total Gross Operated Production (boepd) 1 |
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214,247 |
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204,128 |
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5 |
% |
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217,935 |
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216,081 |
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215,301 |
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Average Daily Gross Operated Production (boepd) |
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205,361 |
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194,508 |
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6 |
% |
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209,738 |
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207,538 |
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206,125 |
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1 |
% |
Rajasthan |
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168,126 |
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163,262 |
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3 |
% |
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172,224 |
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170,164 |
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173,158 |
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(2 |
%) |
Ravva |
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26,064 |
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20,596 |
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27 |
% |
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28,556 |
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27,303 |
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22,259 |
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23 |
% |
Cambay |
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11,172 |
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10,651 |
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5 |
% |
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8,958 |
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10,071 |
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10,708 |
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(6 |
%) |
Average Daily Working Interest Production (boepd) |
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128,021 |
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123,178 |
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4 |
% |
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130,565 |
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129,286 |
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130,502 |
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(1 |
%) |
Rajasthan |
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117,688 |
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114,283 |
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3 |
% |
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120,557 |
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119,115 |
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121,211 |
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(2 |
%) |
Ravva |
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5,864 |
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4,634 |
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27 |
% |
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6,425 |
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6,143 |
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5,008 |
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23 |
% |
Cambay |
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4,469 |
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4,260 |
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5 |
% |
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3,583 |
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4,028 |
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4,283 |
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(6 |
%) |
Total Oil and Gas Production (million boe) |
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Oil & Gas Gross |
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18.89 |
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17.89 |
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6 |
% |
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19.09 |
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37.98 |
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37.72 |
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1 |
% |
Oil & Gas Working Interest |
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11.78 |
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11.33 |
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4 |
% |
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11.88 |
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23.66 |
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23.88 |
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(1 |
%) |
Average gross production for H1 FY2016 was at 207,538 barrels of oil equivalent per day (boepd), slightly up by 1%
year-on-year (y-o-y). The increase in production was mainly driven by consistent performance of our offshore assets Ravva and Cambay, through effective reservoir
management practices and better than expected results from the Ravva infill drilling campaign.
In Q2 FY2016, average gross operated
production and working interest production were up 6% and 4% y-o-y at 205,361 boepd and 128,021 boepd, respectively. Production at Rajasthan was up 3% y-o-y at 168,126
boepd, primarily driven by inline reservoir performance at Mangala and production from additional infill wells in the Aishwariya field. At Mangala EOR, the injection ramp up plan is on track and work on the drilling and surface facilities is
ongoing. Gross production from DA (Development Area) -1 and DA-2 averaged at 147,443 boepd and 20,683 boepd, respectively.
In Q2 FY2016, gas production from the RDG field increased to an average rate of 30 mmscfd from 19 mmscfd in Q1FY16, recording a peak production of 34 mmscfd. This was largely on account of optimization of
existing infrastructure.
In Q2FY2016, both the offshore assets registered a gross average production of 37,236 boepd, an increase of 19% y-o-y. Production at Ravva grew 27% to 26,064 boepd due to consistently higher gas production, effective infill drilling campaign and prudent reservoir management. Cambay saw
a production growth of 5%, driven by effective reservoir management practices including well intervention campaign undertaken in the last quarter.
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Vedanta Limited
Production Results for the Second Quarter and Half Year ended 30 September 2015 |
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Page
3
of 10 |
Zinc India
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Q2 |
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Q1 |
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H1 |
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Particulars (in000 tonnes, or as stated) |
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FY2016 |
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FY2015 |
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% change YoY |
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FY2016 |
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FY2016 |
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FY2015 |
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% change YoY |
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Mined metal content |
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240 |
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213 |
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13 |
% |
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232 |
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472 |
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376 |
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26 |
% |
Refined Zinc Total |
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211 |
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181 |
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17 |
% |
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187 |
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398 |
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321 |
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24 |
% |
Refined Zinc Integrated |
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211 |
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174 |
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22 |
% |
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187 |
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398 |
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312 |
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28 |
% |
Refined Zinc Custom |
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7 |
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9 |
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Refined Lead Total 2 |
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40 |
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30 |
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34 |
% |
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31 |
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71 |
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61 |
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17 |
% |
Refined Lead Integrated |
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39 |
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26 |
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53 |
% |
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27 |
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67 |
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47 |
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41 |
% |
Refined Lead Custom |
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1 |
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5 |
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(72 |
%) |
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3 |
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4 |
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14 |
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(67 |
%) |
Saleable Silver Total (in tonnes) 3 |
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112 |
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80 |
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39 |
% |
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75 |
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187 |
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162 |
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15 |
% |
Saleable Silver Integrated |
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110 |
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67 |
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64 |
% |
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74 |
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184 |
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123 |
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50 |
% |
Saleable Silver Custom |
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1 |
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13 |
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(89 |
%) |
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1 |
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3 |
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39 |
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(93 |
%) |
During Q2, mined metal production was at 240,000 tonnes 13% higher y-o-y. The increase was driven by higher ore
production across all mines.
Refined metal production during the quarter was higher than mined metal production primarily on account of
conversion of existing inventory and enhanced smelter efficiency. Integrated saleable zinc, lead and silver metal production during the quarter increased by 22%, 53% and 64% respectively y-o-y. Silver production benefited from higher ore grades and
volumes from the Sindesar Khurd (SK) mine.
The cost of production (COP) of zinc excluding royalty was lower at c.US$771 per tonne compared
with US$802 per tonne in Q1 FY2016. The contribution towards District Mineral Foundation has been notified by the Government of India at 30% of royalty paid for the existing mines, effective 12 January 2015.
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Vedanta Limited
Production Results for the Second Quarter and Half Year ended 30 September 2015 |
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Page
4
of 10 |
Zinc International
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Q2 |
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Q1 |
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H1 |
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Particulars (in000 tonnes, or as stated) |
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FY2016 |
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FY2015 |
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% change YoY |
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FY2016 |
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FY2016 |
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FY2015 |
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% change YoY |
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Zinc International |
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63 |
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79 |
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(20 |
%) |
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70 |
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133 |
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163 |
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(18 |
%) |
Refined Zinc Skorpion |
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17 |
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27 |
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(38 |
%) |
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26 |
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42 |
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60 |
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(30 |
%) |
Mined metal content BMM |
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16 |
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16 |
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15 |
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31 |
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31 |
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Mined metal content Lisheen |
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31 |
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36 |
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(15 |
%) |
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29 |
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60 |
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72 |
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(17 |
%) |
Refined zinc metal production at Skorpion was at 17,000 tonnes, lower than the corresponding prior
quarter due to an unplanned shutdown and a 30 day planned maintenance shutdown that commenced on 16th September.
Zinc-lead mined metal production at Lisheen was lower due to the ramp down at
Lisheen, which is scheduled to cease production in November 2015.
COP in Q2 FY2016 at c. US$ 1,477 per tonne was higher compared
with US$ 1,409 per tonne in Q1 FY2016, as lower cost Lisheen mines ramp down together with lower refined production from Skorpion.
At
the Gamsberg project, pre- stripping commenced in July 2015 as per the rephased plan. As previously announced, the project is being developed using a modular approach, with project execution carried out in a phased manner that allows flexibility to
manage the capital expenditure programme.
Iron Ore
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Q2 |
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Q1 |
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H1 |
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Particulars (in million dry metric tonnes, or as stated) |
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FY2016 |
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FY2015 |
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% change YoY |
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FY2016 |
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FY2016 |
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FY2015 |
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% change YoY |
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IRON ORE |
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Sales |
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0.6 |
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0.6 |
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5 |
% |
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0.5 |
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1.2 |
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1.1 |
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8 |
% |
Goa |
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0 |
% |
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0 |
% |
Karnataka |
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0.6 |
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0.6 |
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5 |
% |
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0.5 |
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1.2 |
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1.1 |
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8 |
% |
Production of Saleable Ore |
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0.8 |
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0.3 |
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0.2 |
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1.0 |
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0.3 |
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Goa |
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0.0 |
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0 |
% |
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0.0 |
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0 |
% |
Karnataka |
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0.8 |
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0.3 |
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0.2 |
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1.0 |
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0.3 |
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Production (000 tonnes) |
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Pig Iron |
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150 |
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154 |
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-2 |
% |
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170 |
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320 |
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300 |
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7 |
% |
At Goa, the remaining approvals were received for production of saleable ore of 5.5 mtpa, during the quarter and mining
restarted during the quarter. Production will progressively be ramped up in Q3 FY2016. The first export shipment is expected in October 2015.
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Vedanta Limited
Production Results for the Second Quarter and Half Year ended 30 September 2015 |
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Page
5
of 10 |
At Karnataka, production in Q2 was higher at 0.6 million tonnes.
Production of pig iron was lower at c.150kt primarily due to planned maintenance activities at the plant.
Copper India and Australia
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Q2 |
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Q1 |
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H1 |
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Particulars (in000 tonnes, or as stated) |
|
FY2016 |
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FY2015 |
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% change YoY |
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FY2016 |
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FY2016 |
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FY2015 |
|
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% change YoY |
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Copper Cathodes |
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94 |
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100 |
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(6 |
%) |
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98 |
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193 |
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166 |
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16 |
% |
Tuticorin Power Plant Sales (million units) |
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118 |
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183 |
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(35 |
%) |
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175 |
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293 |
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319 |
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(8 |
%) |
Copper cathode production was 94,000 tonnes in Q2 FY2016, 6% lower y-o-y, primarily due to a maintenance shutdown at the
smelter. Additionally, there was a shutdown in late September that will impact the cathode production for Q3 FY2016. The smelter is now producing at a normalised level.
The 160MW power plant at Tuticorin operated at lower Plant Load Factor (PLF) of 76% in Q2 compared to 94% last year due to reduction in power off-take by the Tamil Nadu Electricity Board (TNEB) on account
of seasonally lower demand.
Aluminium
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Q2 |
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Q1 |
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H1 |
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Particulars (in000 tonnes, or as stated) |
|
FY2016 |
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FY2015 |
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|
% change YoY |
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|
FY2016 |
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FY2016 |
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FY2015 |
|
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% change YoY |
|
Alumina Lanjigarh |
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|
272 |
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|
226 |
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20 |
% |
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|
269 |
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|
541 |
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|
460 |
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18 |
% |
Total Aluminum Production |
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233 |
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|
222 |
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5 |
% |
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|
232 |
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|
464 |
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|
424 |
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|
9 |
% |
Jharsuguda-I |
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|
130 |
|
|
|
138 |
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(6 |
%) |
|
|
132 |
|
|
|
262 |
|
|
|
270 |
|
|
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(3 |
%) |
Jharsuguda- II4 |
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19 |
|
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20 |
|
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38 |
|
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245kt Korba-I |
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|
65 |
|
|
|
65 |
|
|
|
1 |
% |
|
|
62 |
|
|
|
127 |
|
|
|
125 |
|
|
|
2 |
% |
325kt Korba- II |
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|
19 |
|
|
|
19 |
|
|
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(1 |
%) |
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|
18 |
|
|
|
37 |
|
|
|
29 |
|
|
|
26 |
% |
The Lanjigarh alumina refinery produced 272,000 tonnes in Q2, 20% higher than the corresponding prior quarter. The
production was stable at the 500kt Jharsuguda-I and 245kt Korba-I smelters.
The 325kt Korba-II smelter produced 19,000 tonnes during Q2
FY2016 with 83 pots operational. However, the ramp up of further pots has been temporarily put on hold due to weaker LME and premium. The high cost rolled product facility at BALCO which produced c. 46,000 tonnes in FY2015 has been temporarily
closed, which will result in cost saving. We will continue to sell ingots and wire rods from BALCO.
|
|
|
Vedanta Limited
Production Results for the Second Quarter and Half Year ended 30 September 2015 |
|
Page
6
of 10 |
The 1.25 million tonnes Jharsuguda-II smelter produced 19,000 tonnes in Q2 with 80 pots
operational. We are in discussions with the Government authorities for using power from the 2,400 MW power plant for further ramp up of pots of the first line of 312 kt at this smelter, and expect the ramp up to commence in Q3 FY2016.
Due to non-availability of captive bauxite and cost optimization drive across the business, production capacity at the Lanjigarh alumina
refinery has been reduced to a single stream and it will now operate at a capacity of c. 800 kt. The alumina COP for the month of September dropped by 20% to c. $299 per tonne against $340 per tonne in Q1 as a result of this optimisation.
Hot metal cost at Jharsuguda-I was at US$1,599 per tonne compared to US$1,740 per tonne in Q2 FY2015. Hot metal cost at Korba- I was at US$1,674 per tonne compared to US$2,089 per tonne in Q2 FY2015. Costs were lower mainly on account of depreciation of the Indian rupee, lower alumina and other costs. The COP at Jharsuguda was
impacted by higher coal costs.
The two CPP units (300MW each) of the 1,200MW power plant at BALCO are expected to commence production in H2
FY2016.
Power
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Q2 |
|
|
Q1 |
|
|
H1 |
|
Particulars (in million units) |
|
FY2016 |
|
|
FY2015 |
|
|
% change YoY |
|
|
FY2016 |
|
|
FY2016 |
|
|
FY2015 |
|
|
% change YoY |
|
Total Power Sales |
|
|
2,718 |
|
|
|
2,028 |
|
|
|
34 |
% |
|
|
3,070 |
|
|
|
5,789 |
|
|
|
4,627 |
|
|
|
25 |
% |
Jharsuguda 2400 MW |
|
|
1,554 |
|
|
|
1,653 |
|
|
|
(6 |
%) |
|
|
2,266 |
|
|
|
3,820 |
|
|
|
3,807 |
|
|
|
|
|
MALCO |
|
|
127 |
|
|
|
204 |
|
|
|
(38 |
%) |
|
|
193 |
|
|
|
320 |
|
|
|
433 |
|
|
|
(26 |
%) |
HZL Wind Power |
|
|
158 |
|
|
|
170 |
|
|
|
(7 |
%) |
|
|
127 |
|
|
|
286 |
|
|
|
316 |
|
|
|
(10 |
%) |
TSPL |
|
|
693 |
|
|
|
|
|
|
|
|
|
|
|
384 |
|
|
|
1,077 |
|
|
|
|
|
|
|
|
|
BALCO 270MW Power |
|
|
28 |
|
|
|
1 |
|
|
|
|
|
|
|
99 |
|
|
|
128 |
|
|
|
71 |
|
|
|
80 |
% |
Balco 600 MW |
|
|
158 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
158 |
|
|
|
|
|
|
|
|
|
The Jharsuguda 2,400MW power plant operated at a PLF of 32% in Q2, lower than Q2 FY2015 and Q1 FY2016 primarily due to
lower demand and softer power rates.
The first 660MW unit of TSPL operated at 86% availability during the quarter. TSPLs Power Purchase
Agreement with the Punjab State Electricity Board (PSEB) compensates based on the availability of the plant. The balance two units are expected to commence production in H2 FY2016.
MALCO power plant operated at lower PLF due to lower demand.
Of the two 300MW IPP units of the
1,200 MW Korba Power Plant, the first 300 MW unit has been commissioned. It was capitalized in August 2015 and sold 158 million units. The second commercial unit is expected to be commissioned in Q3 FY2016.
|
|
|
Vedanta Limited
Production Results for the Second Quarter and Half Year ended 30 September 2015 |
|
Page
7
of 10 |
Financial Update
In light of the current market conditions, we are focused on optimising our opex and capex, increasing free cash flow and reducing net debt. During the quarter, several initiatives and programmes to
generate cash savings, including a reduction of working capital, have been implemented across our businesses. These initiatives have resulted in an improved cost performance and lower net debt at the end of the quarter.
|
|
|
Vedanta Limited
Production Results for the Second Quarter and Half Year ended 30 September 2015 |
|
Page
8
of 10 |
Production Summary (Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(in 000 tonnes, except as stated)
|
|
Particulars |
|
Q2 |
|
|
Q1 |
|
|
H1 |
|
|
FY2016 |
|
|
FY2015 |
|
|
% change YoY |
|
|
FY2016 |
|
|
FY2016 |
|
|
FY2015 |
|
|
% change YoY |
|
OIL AND GAS (boepd) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Average Daily Total Gross Operated Production (boepd) 1 |
|
|
214,247 |
|
|
|
204,128 |
|
|
|
5 |
% |
|
|
217,935 |
|
|
|
216,081 |
|
|
|
215,301 |
|
|
|
|
|
Average Daily Gross Operated Production (boepd) |
|
|
205,361 |
|
|
|
194,508 |
|
|
|
6 |
% |
|
|
209,738 |
|
|
|
207,538 |
|
|
|
206,125 |
|
|
|
1 |
% |
Rajasthan |
|
|
168,126 |
|
|
|
163,262 |
|
|
|
3 |
% |
|
|
172,224 |
|
|
|
170,164 |
|
|
|
173,158 |
|
|
|
(2 |
%) |
Ravva |
|
|
26,064 |
|
|
|
20,596 |
|
|
|
27 |
% |
|
|
28,556 |
|
|
|
27,303 |
|
|
|
22,259 |
|
|
|
23 |
% |
Cambay |
|
|
11,172 |
|
|
|
10,651 |
|
|
|
5 |
% |
|
|
8,958 |
|
|
|
10,071 |
|
|
|
10,708 |
|
|
|
(6 |
%) |
Average Daily Working Interest Production (boepd) |
|
|
128,021 |
|
|
|
123,178 |
|
|
|
4 |
% |
|
|
130,565 |
|
|
|
129,286 |
|
|
|
130,502 |
|
|
|
(1 |
%) |
Rajasthan |
|
|
117,688 |
|
|
|
114,283 |
|
|
|
3 |
% |
|
|
120,557 |
|
|
|
119,115 |
|
|
|
121,211 |
|
|
|
(2 |
%) |
Ravva |
|
|
5,864 |
|
|
|
4,634 |
|
|
|
27 |
% |
|
|
6,425 |
|
|
|
6,143 |
|
|
|
5,008 |
|
|
|
23 |
% |
Cambay |
|
|
4,469 |
|
|
|
4,260 |
|
|
|
5 |
% |
|
|
3,583 |
|
|
|
4,028 |
|
|
|
4,283 |
|
|
|
(6 |
%) |
Total Oil and Gas Production (million boe) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Oil & Gas Gross |
|
|
18.89 |
|
|
|
17.89 |
|
|
|
6 |
% |
|
|
19.09 |
|
|
|
37.98 |
|
|
|
37.72 |
|
|
|
1 |
% |
Oil & Gas Working Interest |
|
|
11.78 |
|
|
|
11.33 |
|
|
|
4 |
% |
|
|
11.88 |
|
|
|
23.66 |
|
|
|
23.88 |
|
|
|
(-1 |
%) |
ZINC INDIA |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Mined metal content |
|
|
240 |
|
|
|
213 |
|
|
|
13 |
% |
|
|
232 |
|
|
|
472 |
|
|
|
376 |
|
|
|
26 |
% |
Refined Zinc Total |
|
|
211 |
|
|
|
181 |
|
|
|
17 |
% |
|
|
187 |
|
|
|
398 |
|
|
|
321 |
|
|
|
24 |
% |
Refined Zinc Integrated |
|
|
211 |
|
|
|
174 |
|
|
|
22 |
% |
|
|
187 |
|
|
|
398 |
|
|
|
312 |
|
|
|
28 |
% |
Refined Zinc Custom |
|
|
|
|
|
|
7 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
9 |
|
|
|
|
|
Refined Lead Total 2 |
|
|
40 |
|
|
|
30 |
|
|
|
34 |
% |
|
|
31 |
|
|
|
71 |
|
|
|
61 |
|
|
|
17 |
% |
Refined Lead Integrated |
|
|
39 |
|
|
|
26 |
|
|
|
53 |
% |
|
|
27 |
|
|
|
67 |
|
|
|
47 |
|
|
|
41 |
% |
Refined Lead Custom |
|
|
1 |
|
|
|
5 |
|
|
|
(72 |
%) |
|
|
3 |
|
|
|
4 |
|
|
|
14 |
|
|
|
(67 |
%) |
Saleable Silver Total (in tonnes) 3 |
|
|
112 |
|
|
|
80 |
|
|
|
39 |
% |
|
|
75 |
|
|
|
187 |
|
|
|
162 |
|
|
|
15 |
% |
Saleable Silver Integrated (in tonnes) |
|
|
110 |
|
|
|
67 |
|
|
|
64 |
% |
|
|
74 |
|
|
|
184 |
|
|
|
123 |
|
|
|
50 |
% |
Saleable Silver Custom (in tonnes) |
|
|
1 |
|
|
|
13 |
|
|
|
(89 |
%) |
|
|
1 |
|
|
|
3 |
|
|
|
39 |
|
|
|
(93 |
%) |
ZINC INTERNATIONAL |
|
|
63 |
|
|
|
79 |
|
|
|
(20 |
%) |
|
|
70 |
|
|
|
133 |
|
|
|
163 |
|
|
|
(18 |
%) |
Refined Zinc Skorpion |
|
|
17 |
|
|
|
27 |
|
|
|
(38 |
%) |
|
|
26 |
|
|
|
42 |
|
|
|
60 |
|
|
|
(30 |
%) |
Mined metal content BMM |
|
|
16 |
|
|
|
16 |
|
|
|
|
|
|
|
15 |
|
|
|
31 |
|
|
|
31 |
|
|
|
|
|
Mined metal content Lisheen |
|
|
30 |
|
|
|
36 |
|
|
|
(17 |
%) |
|
|
29 |
|
|
|
60 |
|
|
|
72 |
|
|
|
(17 |
%) |
IRON ORE |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Sales |
|
|
0.6 |
|
|
|
0.6 |
|
|
|
5 |
% |
|
|
0.5 |
|
|
|
1.2 |
|
|
|
1.1 |
|
|
|
8 |
% |
Goa |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Karnataka |
|
|
0.6 |
|
|
|
0.6 |
|
|
|
5 |
% |
|
|
0.5 |
|
|
|
1.2 |
|
|
|
1.1 |
|
|
|
8 |
% |
Production of Saleable Ore |
|
|
0.8 |
|
|
|
0.3 |
|
|
|
|
|
|
|
0.2 |
|
|
|
1.0 |
|
|
|
0.3 |
|
|
|
|
|
Goa |
|
|
0.0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
0.0 |
|
|
|
|
|
|
|
|
|
Karnataka |
|
|
0.8 |
|
|
|
0.3 |
|
|
|
|
|
|
|
0.2 |
|
|
|
1.0 |
|
|
|
0.3 |
|
|
|
|
|
Production (000 tonnes) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pig Iron |
|
|
150 |
|
|
|
154 |
|
|
|
(2 |
%) |
|
|
170 |
|
|
|
320 |
|
|
|
300 |
|
|
|
7 |
% |
|
|
|
Vedanta Limited
Production Results for the Second Quarter and Half Year ended 30 September 2015 |
|
Page
9
of 10 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(in 000 tonnes, except as stated)
|
|
Particulars |
|
Q2 |
|
|
Q1 |
|
|
H1 |
|
|
FY2016 |
|
|
FY2015 |
|
|
% change YoY |
|
|
FY2016 |
|
|
FY2016 |
|
|
FY2015 |
|
|
% change YoY |
|
COPPER INDIA & AUSTRALIA |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Copper Mined metal content |
|
|
|
|
|
|
|
|
|
|
0 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
0 |
% |
Copper Cathodes |
|
|
94 |
|
|
|
100 |
|
|
|
(6 |
%) |
|
|
98 |
|
|
|
193 |
|
|
|
166 |
|
|
|
16 |
% |
Tuticorin Power Plant Sales (MU) |
|
|
118 |
|
|
|
183 |
|
|
|
(35 |
%) |
|
|
175 |
|
|
|
293 |
|
|
|
319 |
|
|
|
(8 |
%) |
ALUMINIUM |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Alumina Lanjigarh |
|
|
272 |
|
|
|
226 |
|
|
|
20 |
% |
|
|
269 |
|
|
|
541 |
|
|
|
460 |
|
|
|
18 |
% |
Total Aluminum Production |
|
|
233 |
|
|
|
222 |
|
|
|
5 |
% |
|
|
232 |
|
|
|
464 |
|
|
|
424 |
|
|
|
9 |
% |
Jharsuguda-I |
|
|
130 |
|
|
|
138 |
|
|
|
-6 |
% |
|
|
132 |
|
|
|
262 |
|
|
|
270 |
|
|
|
-3 |
% |
Jharsuguda- II4 |
|
|
19 |
|
|
|
|
|
|
|
|
|
|
|
20 |
|
|
|
38 |
|
|
|
|
|
|
|
|
|
245kt Korba-I |
|
|
65 |
|
|
|
65 |
|
|
|
1 |
% |
|
|
62 |
|
|
|
127 |
|
|
|
125 |
|
|
|
2 |
% |
325kt Korba- II |
|
|
19 |
|
|
|
19 |
|
|
|
-1 |
% |
|
|
18 |
|
|
|
37 |
|
|
|
29 |
|
|
|
26 |
% |
POWER |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Power Sales |
|
|
2,718 |
|
|
|
2,028 |
|
|
|
34 |
% |
|
|
3,070 |
|
|
|
5,789 |
|
|
|
4,627 |
|
|
|
25 |
% |
Jharsuguda 2400 MW |
|
|
1,554 |
|
|
|
1653 |
|
|
|
(6 |
%) |
|
|
2,266 |
|
|
|
3,820 |
|
|
|
3,807 |
|
|
|
|
|
MALCO |
|
|
127 |
|
|
|
204 |
|
|
|
(38 |
%) |
|
|
193 |
|
|
|
320 |
|
|
|
433 |
|
|
|
(26 |
%) |
HZL Wind Power |
|
|
158 |
|
|
|
170 |
|
|
|
(7 |
%) |
|
|
127 |
|
|
|
286 |
|
|
|
316 |
|
|
|
(10 |
%) |
TSPL |
|
|
693 |
|
|
|
|
|
|
|
|
|
|
|
384 |
|
|
|
1,077 |
|
|
|
|
|
|
|
|
|
BALCO 270MW Power |
|
|
28 |
|
|
|
1 |
|
|
|
|
|
|
|
99 |
|
|
|
128 |
|
|
|
71 |
|
|
|
80 |
% |
BALCO 600 MW |
|
|
158 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
158 |
|
|
|
|
|
|
|
|
|
Ports VGCB (in million tonnes) 5 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cargo Discharge |
|
|
2.1 |
|
|
|
1.7 |
|
|
|
23 |
% |
|
|
1.6 |
|
|
|
3.6 |
|
|
|
3.5 |
|
|
|
4 |
% |
Cargo Dispatches |
|
|
1.7 |
|
|
|
1.8 |
|
|
|
(6 |
%) |
|
|
1.7 |
|
|
|
1.7 |
|
|
|
3.5 |
|
|
|
(52 |
%) |
1. |
Including Internal Gas Consumption |
2. |
Excluding captive consumption of 1,514 tonnes in Q2 FY2016 vs. vs. 1,762 tonnes in Q2 FY2015 and 3,697 tonnes in H1 FY 2016 vs. 3,451 tonnes in H1 FY2015
|
3. |
Excluding captive consumption of 7.8 MT in Q2 FY 2016 & 19.1 MT in H1 FY 2016 vs 9.1 MT in Q2 FY 2015 & 17.8 MT in H1 FY 2015
|
4. |
Includes trial run production of 19 kt in Q2 FY2016, 20 kt in Q1 FY2016 and 38 kt in H1 FY2016 |
5. |
VGCB refers to Vizag General Cargo Berth |
|
|
|
Vedanta Limited
Production Results for the Second Quarter and Half Year ended 30 September 2015 |
|
Page
10
of 10 |
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
Sunila Martis
Manager Investor Relations
Vishesh Pachnanda
Manager Investor Relations |
|
Tel: +91 22 6646 1531
vedantaltd.ir@vedanta.co.in |
About Vedanta Limited (Formerly Sesa Sterlite Ltd.)
Vedanta Limited (Vedanta Ltd) is a diversified natural resources company, whose business primarily involves exploring and processing minerals and
oil & gas. The Company produces oil & gas, zinc, lead, silver, copper, iron ore, aluminium and commercial power and has a presence across India, South Africa, Namibia, Ireland, Australia, Liberia and Sri Lanka.
Vedanta Ltd, formerly Sesa Sterlite Ltd. is the Indian subsidiary of Vedanta Resources Plc, a London-listed company. Governance and Sustainable
Development are at the core of Vedantas strategy, with a strong focus on health, safety and environment and on enhancing the lives of local communities. Vedanta Ltd 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 log on to www.vedantalimited.com
Vedanta Limited
(Formerly known as
Sesa Sterlite Limited)
Vedanta, 75, Nehru Road,
Vile Parle (East), Mumbai - 400 099
www.vedantalimited.com
Registered Office:
Sesa Ghor, 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.
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