MUMBAI, Jan. 16 2017 PRNewswire/ -- Q3
Highlights
Operations
- Zinc India:
- Mined metal production up 44% q-o-q in line with mine plan
- Integrated metal production increased q-o-q: zinc 38%, lead 26%
and silver 10%
- Environment clearances received for expansion of Zawar and
Sindesar Khurd mines
- Aluminium:
- Continued ramp up of Jharsuguda-II and BALCO-II smelters; third
line of the 1.25 mtpa Jharsuguda-II smelter commenced ramp up in
December 2016
- Supply of coal has commenced from the 6mtpa coal linkages
secured earlier this year
- Power:
- 1,980MW TSPL plant fully operational with 77% plant
availability
- Oil & Gas:
Rajasthan production impacted by planned shutdown; strong
performance from Mangala EOR with production level of 55,000
barrels per day despite shutdown
- Iron Ore:
- Expected to achieve annual mining cap at Karnataka and
Goa in the current month; received
additional mining allocation in Goa for FY 2017
Corporate
- Vedanta Limited - Cairn India merger approved by all sets
of shareholders; expected to complete by Q1 CY2017
Tom Albanese, Chief Executive
Officer, Vedanta Limited, said: "We have made substantial
operational progress during the quarter with the enhancement of
production from Zinc India and the ramp up of our Aluminium
capacities. The 1,980 MW TSPL power plant continues to operate at a
high availability of 77%. In our Oil and Gas business, the EOR
program at the Mangala oil field in Rajasthan continued to yield
positive results. We are very excited about our Gamsberg Zinc
project in South Africa where
pre-stripping is well underway and first ore is expected in mid
CY2018. We will continue our sustained focus on costs alongside
rising capacity utilizations thus driving free cash flow
growth."
Oil &
Gas
|
|
Q3
|
Q2
|
Nine months
period
|
Particulars
|
FY2017
|
FY2016
|
%
change
YoY
|
FY2017
|
% change
QoQ
|
FY2017
|
FY2016
|
%
change
YoY
|
OIL AND
GAS
|
|
|
|
|
|
|
|
|
Average Daily
Total
Gross Operated
Production (boepd) 1
|
191,230
|
211,843
|
(10%)
|
206,230
|
(7%)
|
201,286
|
214,663
|
(6)%
|
Average Daily
Gross
Operated Production
(boepd)
|
181,818
|
202,668
|
(10%)
|
196,399
|
(7%)
|
191,674
|
205,909
|
(7)%
|
Rajasthan
|
154,272
|
170,444
|
(9%)
|
167,699
|
(8%)
|
162,957
|
170,258
|
(4)%
|
Ravva
|
18,172
|
21,703
|
(16%)
|
18,823
|
(3%)
|
18,874
|
25,430
|
(26)%
|
Cambay
|
9,375
|
10,521
|
(11%)
|
9,877
|
(5%)
|
9,843
|
10,221
|
(4)%
|
Average Daily
Working
Interest Production
(boepd)
|
115,829
|
128,402
|
(10%)
|
125,575
|
(8%)
|
122,254
|
128,991
|
(5)%
|
Rajasthan
|
107,990
|
119,311
|
(9%)
|
117,390
|
(8%)
|
114,070
|
119,180
|
(4)%
|
Ravva
|
4,089
|
4,883
|
(16%)
|
4,235
|
(3%)
|
4,247
|
5,722
|
(26)%
|
Cambay
|
3,750
|
4,208
|
(11%)
|
3,951
|
(5%)
|
3,937
|
4,089
|
(4)%
|
Total Oil and
Gas
(million boe)
|
|
|
|
|
|
|
|
|
Oil
& Gas- Gross
|
16.73
|
18.65
|
(10%)
|
18.07
|
(7%)
|
52.71
|
56.62
|
(7)%
|
Oil
& Gas-Working Interest
|
10.66
|
11.81
|
(10%)
|
11.55
|
(8%)
|
33.62
|
35.47
|
(5)%
|
Third quarter FY 2017 vs. previous quarters
For Q3 FY2017, average gross production across assets was
resilient at 181,818 barrels of oil equivalent per day (boepd).
Production was lower primarily due to planned maintenance shutdown
in Rajasthan and natural decline in offshore assets.
Gross production from Rajasthan block averaged 154,272 boepd for
the quarter, lower mainly due to the planned maintenance shutdown
at the Mangala Processing Terminal which will help maintain asset
integrity and improve the plant performance.
We had encouraging results from Mangala Enhanced Oil Recovery
(EOR), driven by enhanced well productivity and production
optimization activities. The production from EOR increased to an
average of 55 kboepd in Q3 FY2017 from 52 kboepd in Q2 FY2017.
Continued reservoir management including production optimization
helped maintain steady production from Bhagyam and Aishwariya.
Gross production from Development Area-1 (DA-1) and Development
Area-2 (DA-2) averaged 141,177 boepd and 13,095 boepd,
respectively.
Production from Ravva and Cambay was also firm at 18,172 and
9,375 boepd, respectively. Production optimization activities
helped offset the natural decline in the blocks. Ravva and Cambay
facilities recorded an excellent uptime of 99.9% and 99.8%,
respectively.
Gas production from RDG was lower at an average of 21 mmscfd in
Q3 FY2017 compared to 33 mmscfd in Q2 FY2017. Gas sales also
declined quarter-on-quarter to 4 mmscfd from 17 mmscfd. The sales
have been temporarily suspended due to a technical issue between
the gas transporter and the buyers. Cairn is closely engaged with
various stakeholders to address the issue and enable the resumption
of the sales at the earliest
Nine months FY 2017 vs. nine months FY 2016
Gross production declined by 7% on year-on-year basis primarily
due to lower volumes from offshore assets and planned maintenance
shutdown in Rajasthan during the current year, partially offset by
volume ramp up from the EOR project at Mangala and continued
effective reservoir management across assets.
Zinc
India
|
Particulars
|
Q3
|
Q2
|
Nine months
ended
|
FY2017
|
FY2016
|
%
change
YoY
|
FY2017
|
%
change
QoQ
|
FY2017
|
FY2016
|
%
change
YoY
|
Zinc
India(kt)
|
|
|
|
|
|
|
|
|
Mined
metal content
|
276
|
228
|
21%
|
192
|
44%
|
595
|
700
|
(15)%
|
Refined Zinc – Total
|
205
|
206
|
0%
|
150
|
37%
|
457
|
605
|
(24)%
|
Refined
Zinc – Integrated
|
205
|
206
|
0%
|
149
|
38%
|
456
|
605
|
(25)%
|
Refined
Zinc – Custom
|
-
|
-
|
-
|
1
|
-
|
1
|
-
|
-
|
Refined Lead - Total 2
|
39
|
35
|
10%
|
31
|
26%
|
94
|
107
|
(12)%
|
Refined
Lead – Integrated
|
39
|
35
|
10%
|
31
|
26%
|
94
|
102
|
(8)%
|
Refined
Lead – Custom
|
-
|
-
|
-
|
-
|
-
|
-
|
5
|
-
|
Silver - Total (in Tonnes) 3
|
118
|
116
|
2%
|
107
|
10%
|
314
|
303
|
4%
|
Silver- Integrated (in Tonnes)
|
118
|
116
|
2%
|
107
|
10%
|
314
|
300
|
5%
|
Silver- Custom (in Tonnes)
|
|
-
|
-
|
-
|
-
|
-
|
3
|
-
|
Third quarter FY 2017 vs. previous quarters
Mined metal production was 276,000 tonnes, higher by 21%
compared with Q3 FY2016 and 44% sequentially. The sequential
increase was on account of higher volumes from Rampura Agucha open
cast mine in accordance with mine plan and the y-o-y increase was
driven by higher volumes from Rampura Agucha underground and open
cast mines.
We are on track to achieve stated guidance of higher mined metal
production in FY2017 compared to FY2016.
Integrated zinc metal production during the quarter was at
205,000 tonnes, up 38% from previous quarter, and flat y-o-y on
account of accretion of mined metal inventory. Integrated saleable
lead metal production during the quarter was 39,000 tonnes, up 26%
sequentially and 10% y-o-y. The y-o-y increase was in line with
mined metal production, while the sequential increase was on
account of enhanced smelter efficiencies. Integrated silver
production during the quarter increased by 10% to 118 tonnes from
previous quarter and 2% y-o-y.
In line with the on-going expansion to reach 1.2 mtpa mined
metal production capacity, environmental clearances were received
for Sindesar Khurd expansion of ore production capacity from 3.75
mtpa to 4.5 mtpa and for Zawar mine to 4 mtpa.
Nine months FY 2017 vs. nine months FY 2016
Mined metal production during the nine month period was 15%
lower y-o-y. This was in line with the earlier guidance of
substantially higher mined metal production in H2, and Q4
production will be higher than Q3. Integrated silver production was
higher by 5% y-o-y primarily due to higher volume from our
silver-rich Sindesar mine. During this nine month period,
underground mines ramped up significantly to achieve a substantial
60% y-o-y increase in ore production and 55% y-o-y increase in
mined metal production.
Zinc –
International
|
|
Q3
|
Q2
|
Nine months
ended
|
Particulars
(in'000 tonnes, or as
stated)
|
FY2017
|
FY2016
|
%
change
YoY
|
FY2017
|
%
change
QoQ
|
FY2017
|
FY2016
|
%
change
YoY
|
Zinc
International
|
33
|
51
|
(35)%
|
39
|
(17)%
|
115
|
184
|
(38)%
|
Zinc -refined
–Skorpion
|
17
|
13
|
34%
|
23
|
(25)%
|
64
|
55
|
16%
|
Mined metal content -
BMM
|
15
|
17
|
(11)%
|
16
|
(5)%
|
51
|
48
|
5%
|
Mined metal content –
Lisheen
|
-
|
21
|
-
|
-
|
-
|
-
|
81
|
-
|
Third quarter FY 2017 vs. previous quarters
Total production for Q3 FY2017 was 33,000 tonnes, 35% lower
y-o-y primarily due to the closure of the Lisheen mine in
November 2015, following 17 years of
successful operations. Q3 FY2017 production excluding Lisheen was
9% higher y-o-y. Production was 17% lower q-o-q mainly due to
technical issues at Skorpion and BMM which necessitated some
production rescheduling.
Skorpion production during the quarter was 17,000 tonnes, 34%
higher y-o-y but 25% lower q-o-q, due to increased upstream
material handling challenges to treat wetter than anticipated ore
through the refinery. BMM production for the quarter was 15,000
tonnes, 11% lower y-o-y and 5% lower q-o-q, primarily due to
equipment unavailability.
At the Gamsberg Project, pre-start activities and
waste-stripping is progressing well. To date, we have excavated
over 13 million tonnes of waste rock. Project cost of c.75% is
committed to date with major orders for the mining contract, the
concentrator plant and power and water connections placed. The
balance orders for equipment are planned to be placed in Q4 FY2017.
The first production is on track for mid CY2018 followed by 9-12
months ramp up to full production of 250 ktpa. The expected COP at
Gamsberg is $1,000-$1,150 per
tonne.
Nine months FY 2017 vs. nine months FY 2016
Total production was 115,000 tonnes, 38% lower compared to
corresponding prior period mainly due to closure of the Lisheen
mine. Production volume from Skorpion and BMM was up by 16% and 5%,
respectively.
Iron
Ore
|
|
Q3
|
Q2
|
Nine months
ended
|
Particulars
(in million dry
metric tonnes, or as stated)
|
FY2017
|
FY2016
|
%
change
YoY
|
FY2017
|
%
change
QoQ
|
FY2017
|
FY2016
|
%
change
YoY
|
IRON
ORE
|
|
|
|
|
|
|
|
|
Sales
|
3.7
|
1.5
|
-
|
0.8
|
-
|
7.1
|
2.7
|
-
|
Goa
|
2.7
|
0.6
|
-
|
0.3
|
-
|
5.1
|
0.6
|
-
|
Karnataka
|
1.0
|
0.9
|
4%
|
0.5
|
-
|
2.0
|
2.1
|
(6)%
|
Production of
Saleable
Ore
|
2.6
|
1.4
|
-
|
1.5
|
-
|
7.3
|
2.4
|
-
|
Goa
|
2.3
|
0.3
|
-
|
0.5
|
-
|
5.2
|
0.3
|
-
|
Karnataka
|
0.4
|
1.1
|
(66)%
|
0.9
|
(60)%
|
2.1
|
2.1
|
3%
|
Production ('000
tonnes)
|
|
|
|
|
|
|
|
|
Pig Iron
|
154
|
146
|
5%
|
192
|
(20)%
|
526
|
466
|
13%
|
Third quarter FY 2017 vs. previous quarters
At Goa, production was 2.3
million tonnes and sales were 2.7 million tonnes during the
quarter. Mining activities resumed post the monsoon season, and
hence production was significantly higher sequentially. At
Karnataka, production was 0.4 million tonnes and sales were 1.0
million tonnes. Sales were higher than production at Goa and Karnataka due to sales from opening
inventory.
During Q3 FY2017, production of pig iron was higher y-o-y at
154,000 tonnes due to higher plant availability post
debottlenecking. Production was lower by 20% q-o-q primarily due to
the maintenance shutdown for relining one of the furnaces for about
35 days in Q3 FY2017.
Our annual mining allocations of 5.5mt and 2.3mt for
Goa and Karnataka, respectively,
are expected to be achieved in the current month. We have been
engaged with the respective state governments for an increase in
the mining caps. The Goa
government has granted additional mining allocation to us for the
current fiscal year, and we expect to produce an additional
2 to 3mt this year.
Nine months FY 2017 vs. nine months FY 2016
Production at Goa was 5.2
million tonnes and sales were 5.1 million tonnes. At Karnataka,
production was 2.1 million tonnes and sales were 2.0 million
tonnes. Production of pig iron ramped up to a record production of
526,000 tonnes due to higher plant availability post
debottlenecking.
Copper -
India
|
|
Q3
|
Q2
|
Nine months
ended
|
Particulars
(in'000 tonnes, or
as stated)
|
FY2017
|
FY2016
|
%
change
YoY
|
FY2017
|
%
change
QoQ
|
FY2017
|
FY2016
|
%
change
YoY
|
COPPER-
INDIA
|
|
|
|
|
|
|
|
|
Copper –
Cathodes
|
102
|
89
|
15%
|
97
|
5%
|
300
|
282
|
6%
|
Tuticorin
Power Sales (MU)
|
46
|
40
|
15%
|
30
|
55%
|
136
|
334
|
(59)%
|
Third quarter FY 2017 vs. previous quarters
The Tuticorin smelter produced 102,000 tonnes of cathodes during
Q3 FY2017, up 15% y-o-y. During Q3 FY2016, volumes were lower on
account of flooding in the state and unplanned shutdowns.
The 160 MW power plant at Tuticorin operated at a lower plant
load factor (PLF) of 56% during Q3 FY2017 (PLF of 52% in Q3 FY2016,
48% during Q2 FY2017). PLF was lower due to lower off-take by the
Telangana State Electricity Board (TSEB). However, as per our
offtake agreement with TSEB, we are entitled to compensation at the
rate 20% of the contracted rate, for off-take below 85% of the
contracted quantity.
Nine months FY 2017 vs. nine months FY 2016
Production volume from the Tuticorin smelter was 300,000 tonnes
of cathodes, higher by 6% compared to corresponding prior period.
The 160MW power plant at Tuticorin operated at a PLF of 55% in the
first nine months of FY2017 compared to 95% in corresponding prior
period, primarily due to lower offtake restrictions from Tamil Nadu
Electricity Board (TNEB) and TSEB. The power purchase agreement
with TNEB ended on 31st May
2016 post which we entered into an agreement with TSEB.
Aluminium
|
|
Q3
|
Q2
|
Nine months
ended
|
Particulars(in'000 tonnes, or
as stated)
|
FY2017
|
FY2016
|
%
change
YoY
|
FY2017
|
%
change
QoQ
|
FY2017
|
FY2016
|
%
change
YoY
|
Aluminium
|
|
|
|
|
|
|
|
|
Alumina-Lanjigarh
|
328
|
218
|
50%
|
292
|
12%
|
895
|
760
|
18%
|
Total Aluminium
Production
|
319
|
234
|
37%
|
296
|
8%
|
860
|
697
|
23%
|
Jharsuguda-I
|
132
|
131
|
1%
|
132
|
0%
|
393
|
392
|
0%
|
Jharsuguda-II
4
|
84
|
19
|
-
|
48
|
75%
|
161
|
57
|
-
|
Korba-I
|
65
|
65
|
0%
|
63
|
3%
|
192
|
192
|
0%
|
Korba-II
5
|
38
|
19
|
-
|
52
|
(27)%
|
115
|
56
|
-
|
Balco 270 MW *
6
|
-
|
-
|
-
|
-
|
|
-
|
-
|
-
|
Jharsuguda 1800
MW
(Surplus Power Sales in
Million Units) * 6
|
-
|
-
|
-
|
156
|
-
|
511
|
-
|
-
|
* Jharsuguda 1,800MW and Balco 270 MW have been moved
from the power to the Aluminum segment from 1st
April 2016.
Third quarter FY 2017 vs. previous quarters
The first line of the 1.25 mtpa Jharsuguda-II smelter was
impacted by a transformer failure incident earlier this month.
Rectification work is in process and 80 pots of the 336 pots are
currently operational. The second line is nearing full ramp up with
329 pots of the 336 pots commissioned. The balance pots of the line
will be commissioned shortly. The ramp up of the third line of the
smelter has commenced in end December
2016.
The 325kt BALCO-II smelter had been impacted by a pot failure
incident in Q2 FY2017. 200 pots of the 336 pots are currently
operational and full ramp-up of the smelter is expected by the end
of Q4 FY2017. The rolled product facility at BALCO, which was
temporarily shut-down last year, successfully commenced its
operations in Q2 FY2017 following optimisation of its cost
structure, and produced 6,100 tonnes during the quarter.
The two streams of the Lanjigarh refinery operated during the
quarter and produced 328,000 tonnes in Q3 FY2017, 12% higher than
Q2 FY2017. The refinery currently has a debottlenecked capacity of
1.7 - 2.0 million tonnes per annum.
There were no sales from the 1,800 MW Jharsuguda power plant due
to a weak power market. However, the PLF's will continue to
increase as we ramp up the Jharsuguda-II smelter.
Coal linkages of 6mtpa were secured through auctions in Q2
FY2017 for captive power plants. Supply has commenced from these
linkages in November 2016.
We expect to produce between 1 to 1.1 mtpa of Aluminium
(excluding trial run production) in FY2017.
Nine months FY2017 vs nine months FY2016
Aluminium production was a record at 860,000 tonnes, 23% higher
y-o-y mainly on account of ramp up of additional pots at the
BALCO-II and Jharsuguda-II smelters. Alumina production was 18%
higher at 895,000 tonnes, due to the commencement of the second
stream of the refinery from 1st April 2016.
Power
|
|
Q3
|
Q2
|
Nine months
period
|
Particulars
(in million
units)
|
FY2017
|
FY2016
|
% change
YoY
|
FY2017
|
% change
QoQ
|
FY2017
|
FY2016
|
%
change
YoY
|
Power
|
|
|
|
|
|
|
|
|
Total Power
Sales
|
3,413
|
2,934
|
16%
|
3,030
|
13%
|
9,453
|
8,728
|
8%
|
Jharsuguda 600
MW* 6
|
879
|
1,593
|
(45)%
|
605
|
45%
|
2,376
|
5,413
|
(56)%
|
TSPL
|
1,792
|
839
|
-
|
1,679
|
7%
|
4,743
|
1,922
|
-
|
Balco
600 MW
|
660
|
368
|
79%
|
549
|
20%
|
1,817
|
526
|
-
|
Balco 270 MW* 6
|
-
|
41
|
-
|
-
|
-
|
-
|
169
|
-
|
MALCO
|
29
|
26
|
12%
|
25
|
16%
|
144
|
345
|
(58)%
|
HZL Wind
Power
|
53
|
67
|
(22)%
|
172
|
(69)%
|
373
|
353
|
6%
|
TSPL
–
Availability
|
77%
|
85%
|
-
|
77%
|
-
|
76%
|
77%
|
-
|
* Jharsuguda 1,800MW and Balco 270 MW have been
moved from the power to the Aluminum segment from 1st
April 2016.
Third quarter FY 2017 vs. previous quarters
Total power sales were higher y-o-y due to the commissioning of
additional power units at TSPL and BALCO over the last one
year.
Power sales from TSPL increased with all three units being
operational. In Q3 FY2017, the three units operated at an
availability of 77%. The Power Purchase Agreement with the Punjab
State Power Corporation Limited (PSPCL) compensates us based on the
availability of the plant.
The Jharsuguda 600MW power plant operated at a plant load factor
(PLF) of 72% in Q3 FY2017 (PLF 66% in Q3 FY2016, 50% in Q2
FY2017).
The 600 MW units (2x300MW) of BALCO IPP operated at a PLF of 55%
in Q3 FY2017 due to a weaker power market.
PLF at the MALCO power plant was lower due to lower off-take by
the Telangana State Electricity Board (TSEB). However, as per the
contract entered into with TSEB, we are entitled to compensation at
20% of the contracted rate for off-take below 85% of the
contractual quantity
Nine months FY2017 vs nine months FY2016
Power sales were higher by 8% compared with corresponding prior
period due to commissioning of additional units at TSPL and BALCO
power
plants.
Production Summary
(Unaudited)
|
(In '000
tonnes, except as stated)
|
Particulars
|
Q3
|
Q2
|
Nine months
period
|
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
|
191,230
|
211,843
|
(10%)
|
206,230
|
(7)%
|
201,286
|
214,663
|
(6)%
|
Average Daily
Gross Operated
Production (boepd)
|
181,818
|
202,668
|
(10%)
|
196,399
|
(7)%
|
191,674
|
205,909
|
(7)%
|
Rajasthan
|
154,272
|
170,444
|
(9%)
|
167,699
|
(8)%
|
162,957
|
170,258
|
(4)%
|
Ravva
|
18,172
|
21,703
|
(16%)
|
18,823
|
(3)%
|
18,874
|
25,430
|
(26)%
|
Cambay
|
9,375
|
10,521
|
(11%)
|
9,877
|
(5)%
|
9,843
|
10,221
|
(4)%
|
Average Daily
Working Interest
Production (boepd)
|
115,829
|
128,402
|
(10%)
|
125,575
|
(8)%
|
122,254
|
128,991
|
(5)%
|
Rajasthan
|
107,990
|
119,311
|
(9%)
|
117,390
|
(8)%
|
114,070
|
119,180
|
(4)%
|
Ravva
|
4,089
|
4,883
|
(16%)
|
4,235
|
(3)%
|
4,247
|
5,722
|
(26)%
|
Cambay
|
3,750
|
4,208
|
(11%)
|
3,951
|
(5)%
|
3,937
|
4,089
|
(4)%
|
Total Oil and Gas
(million boe)
|
|
|
|
|
-
|
|
|
|
Oil
& Gas- Gross
|
16.73
|
18.65
|
(10%)
|
18.07
|
(7)%
|
52.71
|
56.62
|
(7)%
|
Oil
& Gas-Working Interest
|
10.66
|
11.81
|
(10%)
|
11.55
|
(8)%
|
33.62
|
35.47
|
(5)%
|
Zinc
India
|
|
|
|
|
|
|
|
|
Mined
metal content
|
276
|
228
|
21%
|
192
|
44%
|
595
|
700
|
(15)%
|
Refined Zinc – Total
|
205
|
206
|
0%
|
150
|
37%
|
457
|
605
|
(24)%
|
Refined
Zinc – Integrated
|
205
|
206
|
0%
|
149
|
38%
|
456
|
605
|
(25)%
|
Refined
Zinc – Custom
|
-
|
-
|
-
|
1
|
-
|
1
|
-
|
0%
|
Refined Lead - Total 2
|
39
|
35
|
10%
|
31
|
26%
|
94
|
107
|
(12)%
|
Refined
Lead – Integrated
|
39
|
35
|
10%
|
31
|
26%
|
94
|
102
|
(8)%
|
Refined
Lead – Custom
|
-
|
-
|
-
|
-
|
-
|
-
|
5
|
-
|
Silver -
Total (in Tonnes) 3
|
118
|
116
|
2%
|
107
|
10%
|
314
|
303
|
4%
|
Silver-
Integrated (in Tonnes)
|
118
|
116
|
2%
|
107
|
10%
|
314
|
300
|
5%
|
Silver-
Custom (in Tonnes)
|
|
-
|
-
|
-
|
-
|
-
|
3
|
-
|
Zinc
International
|
33
|
51
|
(35)%
|
39
|
(17)%
|
115
|
184
|
(38)%
|
Zinc -Refined
–Skorpion
|
17
|
13
|
34%
|
23
|
(25)%
|
64
|
55
|
16%
|
Mined metal content -
BMM
|
15
|
17
|
(11)%
|
16
|
(5)%
|
51
|
48
|
5%
|
Mined metal content –
Lisheen
|
-
|
21
|
-
|
-
|
-
|
-
|
81
|
-
|
IRON ORE (in
million dry metric
tonnes, or as stated)
|
|
|
|
|
|
|
|
|
Sales
|
3.7
|
1.5
|
-
|
0.8
|
-
|
7.1
|
2.7
|
-
|
Goa
|
2.7
|
0.6
|
-
|
0.3
|
-
|
5.1
|
0.6
|
-
|
Karnataka
|
1.0
|
0.9
|
4%
|
0.5
|
-
|
2.0
|
2.1
|
(6)%
|
Production of
Saleable Ore
|
2.6
|
1.4
|
-
|
1.5
|
-
|
7.3
|
2.4
|
-
|
Goa
|
2.3
|
0.3
|
-
|
0.5
|
-
|
5.2
|
0.3
|
-
|
Karnataka
|
0.4
|
1.1
|
(66)%
|
0.9
|
(60)%
|
2.1
|
2.1
|
3%
|
Particulars
|
Q3
|
Q2
|
Nine months
period
|
FY
2017
|
FY
2016
|
%
Change
YoY
|
FY
2017
|
%
Change
QoQ
|
FY
2017
|
FY
2016
|
%
Change
YoY
|
Pig Iron
|
154
|
146
|
5%
|
192
|
(20)%
|
526
|
466
|
13%
|
|
|
|
|
|
|
|
|
|
COPPER –
INDIA
|
|
|
|
|
|
|
|
|
Copper -
Cathodes
|
102
|
89
|
15%
|
97
|
5%
|
300
|
282
|
6%
|
Tuticorin Power
Plant Sales (MU)
|
46
|
40
|
15%
|
30
|
55%
|
136
|
334
|
(59)%
|
ALUMINUM
|
|
|
|
|
|
|
|
|
Alumina-Lanjigarh
|
328
|
218
|
50%
|
292
|
12%
|
895
|
760
|
18%
|
Total Aluminum
Production
|
319
|
234
|
37%
|
296
|
8%
|
860
|
697
|
23%
|
Jharsuguda-I
|
132
|
131
|
1%
|
132
|
0%
|
393
|
392
|
0%
|
Jharsuguda-II4
|
84
|
19
|
-
|
48
|
75%
|
161
|
57
|
-
|
Korba-I
|
65
|
65
|
0%
|
63
|
3%
|
192
|
192
|
0%
|
Korba-II5
|
38
|
19
|
-
|
52
|
(27)%
|
115
|
56
|
-
|
Balco 270 MW *
6
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Jharsuguda 1800 MW
(Surplus Power
Sales in Million Units) * 6
|
-
|
-
|
-
|
156
|
-
|
511
|
-
|
-
|
POWER (in million
units)
|
|
|
|
|
|
|
|
|
Total Power
Sales
|
3,413
|
2,934
|
16%
|
3,030
|
13%
|
9,453
|
8,728
|
8%
|
Jharsuguda 600 MW* 6
|
879
|
1,593
|
(45)%
|
605
|
45%
|
2,376
|
5,413
|
(56)%
|
TSPL
|
1,792
|
839
|
-
|
1,679
|
7%
|
4,743
|
1,922
|
-
|
Balco
600 MW
|
660
|
368
|
79%
|
549
|
20%
|
1,817
|
526
|
-
|
Balco
270 MW * 6
|
-
|
41
|
-
|
-
|
-
|
-
|
169
|
-
|
MALCO
|
29
|
26
|
12%
|
25
|
16%
|
144
|
345
|
(58)%
|
HZL Wind
Power
|
53
|
67
|
(22)%
|
172
|
(69)%
|
373
|
353
|
6%
|
TSPL
– Availability
|
77%
|
85%
|
-
|
77%
|
-
|
76%
|
77%
|
-
|
Ports – VGCB (in
million tonnes) 7
|
|
|
|
|
|
|
|
|
Cargo
Discharge
|
0.6
|
1.8
|
(65)%
|
1.3
|
(49)%
|
3.5
|
5.5
|
(36)%
|
Cargo
Dispatches
|
0.7
|
1.9
|
(65)%
|
1.5
|
(56)%
|
3.6
|
5.7
|
(36)%
|
- Including Internal Gas consumption
- Excluding Captive consumption of 1,731 tonnes in Q3 FY2017 vs
2,051 tonnes in Q3 FY2016, 837 tonnes in Q2 FY2017 and 3,652 tonnes
in nine months period FY2017 vs. 5,749 tonnes in nine months period
FY2016
- Excluding captive consumption of 8.9 MT in Q3 FY2017 as
compared with 10.7 MT in Q3 FY2016 and 4.3 MT Q2 FY2017. For nine
month period FY2017, it was 18.7 MT as compared with 29.7 MT for
nine months period FY2016.
- Including trial run production of 36 kt in Q3 FY2017, 12 kt in
Q3 FY2016, 19 kt in Q2 FY2017, 67 kt in nine months ended
FY2017 vs 51 kt in in nine months ended FY 2016
- Including trial run production of 270t in Q3 FY2017, Nil in Q3
FY2016, 28 kt in nine months ended FY2017 vs Nil kt in in nine
months ended FY2016
- 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
Associate
General 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.
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