MUMBAI, India, Oct. 12, 2018 /PRNewswire/ --
Highlights
Operations
Zinc India:
- Mined metal production at 232kt, up 6% y-o-y; Underground
production up 44% y-o-y
- Refined lead metal production at 49kt, up 30% y-o-y
- Record refined silver production at 172 MT, up 23% y-o-y
Zinc International:
- Trial production of concentrate at Gamsberg has commenced in
end September
- Total production for Q2 FY2019 was 28kt, lower by 34% y-o-y due
to lower than planned zinc grades at Skorpion and planned
prioritisation of mine development at BMM
Oil & Gas:
- Average gross production of 186 kboepd for Q2 FY2019, up 3%
y-o-y
- 7 development drilling rigs in Rajasthan; 32 wells drilled till
date
Iron ore:
- Goa operations remain
suspended due to statewide directive from the Supreme Court;
continue to engage with the Government for resumption of mining
operations
- Production of saleable ore at Karantaka at 1.4 million tonnes,
up 56% y-o-y
- Production of Pig Iron at 173kt, up 26% y-o-y
Steel:
- Steel production at 285kt for Q2 FY2019, up 16% y-o-y
- Exited Q2 FY2019 at a monthly run rate of 1.3 mtpa
Copper India:
- Review by the independent committee of the National Green
Tribunal in progress
Aluminium:
- Record quarterly aluminium production at 494kt, up 23%
y-o-y
- Alumina production from Lanjigarh refinery at 348kt, up 30%
y-o-y
Power:
- 1,980 MW TSPL plant achieved availability of 94% in Q2
FY2019
Zinc India
Particulars
(in'000 tonnes, or as stated)
|
Q2
|
Q1
|
Half
Year
|
FY
2019
|
FY
2018
|
% Change
YoY
|
FY
2019
|
% Change
QoQ
|
FY
2019
|
FY
2018
|
% Change
YoY
|
ZINC
INDIA
|
|
|
|
|
|
|
|
|
Mined metal
content
|
232
|
219
|
6%
|
212
|
10%
|
444
|
452
|
(2)%
|
Integrated
metal
|
212
|
230
|
(8)%
|
214
|
(1%)
|
425
|
459
|
(7%)
|
Refined Zinc -
Integrated
|
162
|
192
|
(16)%
|
172
|
(5)%
|
334
|
386
|
(13)%
|
Refined Lead –
Integrated1
|
49
|
38
|
30%
|
42
|
17%
|
91
|
73
|
25%
|
Silver-
Integrated (in MT)2
|
172
|
140
|
23%
|
138
|
25%
|
310
|
255
|
22%
|
Q2 FY2019 vs. Previous Quarters
Mined metal production from underground mines was at an all-time
high of 232,000 tonnes, up 44% y-o-y and 10% q-o-q driven by 33%
y-o-y increase in ore production. Total mined metal production
increased by 6% y-o-y and 10% q-o-q after the closure of open-cast
operations last year.
Integrated metal production was 212,000 tonnes, down 8% y-o-y
and flat q-o-q . Integrated zinc production was down 16% y-o-y and
5% q-o-q to 162,000 tonnes due to temporary mismatch in zinc
mined metal availability even as mine production ramped up towards
the latter half of the quarter. Integrated lead production jumped
by 30% y-o-y and 17% q-o-q to 49,000 tonnes. The pyro metallurgical
smelter was retrofitted to produce more lead metal, considering the
higher availability of lead mined metal, leading to higher lead
production. Integrated silver production was a record 172 MT, up
23% y-o-y and 25% q-o-q on account of higher lead production and
higher Sindesar Khurd mine production and better silver grades.
Projects Update
- Capital mine development remained unchanged y-o-y at 9.8 km
during the quarter and increased by 9% to 20.2 km in H1
FY2019.
- Rampura Agucha underground mine continued to maintain a high
total development rate at 5.3 km during the quarter. The mined
metal production increased by 94% y-o-y and 35% q-o-q to 96,000
tonnes. Mid shaft loading system was commissioned at the end of
quarter, allowing waste hoisting to be done through shaft ahead of
schedule. This will help to improve volumes until the off shaft is
fully commissioned. Off shaft development is on track and
commercial production from main shaft is expected to start from Q4
FY2019.
- Sindesar Khurd mine achieved 5.2 km total development during
the quarter. The production shaft work is progressing well with
winders commissioned in manual mode and material hoisting from
shaft is expected to start in Q3 FY2019. The new 1.5 mtpa mill is
expected to be commissioned in Q3 FY2019.
- At Zawar, civil and erection works of the new 2 mtpa mill is on
track and expected to commission by Q4 FY2019. The fumer project at
Chanderiya is expected to commission in Q3 FY2019.
- Planning for the next phase of expansion from 1.2 to 1.35 mtpa
mined metal capacity announced in April
2018 is underway
H1 FY2019 vs. H1 FY2018
Mined metal production from underground mines for H1 FY2019 was
444,000 tonnes, 27% higher from a year ago even as the closure of
open-cast operations caused total mined metal production to decline
by 2% y-o-y.
Integrated metal production was 425,000 tonnes, down 7%.
Integrated lead and silver production were at 91,000 tonnes and
310 MT, higher y-o-y by 25% and 22%
respectively driven by higher lead mined metal production and
better silver grades. Integrated zinc production was lower y-o-y by
13% in line with the availability of zinc mined metal.
Zinc – International
Particulars
(in'000 tonnes, or as stated)
|
Q2
|
Q1
|
Half
Year
|
FY
2019
|
FY
2018
|
% Change
YoY
|
FY
2019
|
% Change
QoQ
|
FY
2019
|
FY
2018
|
% Change
YoY
|
ZINC
INTERNATIONAL
|
28
|
42
|
(34)%
|
25
|
11%
|
54
|
74
|
(28)%
|
Zinc -refined
–Skorpion
|
15
|
23
|
(35)%
|
10
|
42%
|
25
|
36
|
(31)%
|
Mined metal
content - BMM
|
13
|
20
|
(32)%
|
15
|
(11)%
|
29
|
38
|
(25)%
|
Q2 FY2019 vs. Previous Quarters
Total production for Q2 FY2019 was 28,000 tonnes, lower by 34%
y-o-y and higher by 11% q-o-q.
Production at Skorpion during the quarter was 15,000 tonnes, 35%
lower y-o-y due to lower than planned zinc grades and hence lower
recoveries and 42% higher q-o-q due to annual shutdown in Q1 FY
2019. Production in H2 FY2019 is forecasted to increase due to
higher planned ore grade and fully ramped up ore production from
Pit 112. The pre-stripping of Pit 112 continues in the second year
of the project. Over 65% of waste pre-stripping has been completed
with full completion expected by Q4 FY2019.
Production at BMM was 13,000 tonnes, 32% lower y-o-y and 11%
lower q-o-q. This was due to planned prioritisation of mine
development in H1 FY2019 to provide for flexibility for ore mining
and blending in H2 FY2019.
At Gamsberg, 100% of pre-stripping with 68 million tonnes of
waste excavation has been completed in July
2018, as per the plan. 750,000 tonnes of ore stockpile has
been built ahead of the plant feed. The crusher has been fully
commissioned and enough crushed ore stockpile has been built. The
milling area (sag mills/ball mills), water and power infrastructure
and the tailings storage facility have been fully commissioned.
First ore was fed through the concentrator plant in September 2018 and the trial concentrate
production has commenced in end September post commissioning of
floatation. The operations team has already been fully
mobilised. We now expect the ramp up to full mill capacity in 9-12
months.
H1 FY2019 vs. H1 FY2018
During H1 FY2019, total production was at 54,000 tonnes, lower
by 28% y-o-y on account of a planned shutdown of the acid plant at
Skorpion during Q1 FY2019 and due to lower than planned zinc grades
and hence lower recoveries at both Skorpion and BMM. With the fully
ramped up Skorpion mine, feed to refinery will be maximised and the
grade is expected to be higher than 8% against H1 FY2019 grade of
~6%.
Oil & Gas
Particulars
|
Q2
|
Q1
|
Half
Year
|
FY
2019
|
FY
2018
|
% Change
YoY
|
FY
2019
|
% Change
QoQ
|
FY
2019
|
FY
2018
|
% Change
YoY
|
OIL AND
GAS
|
|
|
|
|
|
|
|
|
Average Daily
Gross Operated Production (boepd)
|
185,926
|
180,955
|
3%
|
194,986
|
(5)%
|
190,431
|
184,062
|
3%
|
Rajasthan
|
155,194
|
153,238
|
1%
|
164,040
|
(5)%
|
159,593
|
156,278
|
2%
|
Ravva
|
13,496
|
17,266
|
(22)%
|
14,217
|
(5)%
|
13,855
|
17,810
|
(22)%
|
Cambay
|
17,236
|
10,452
|
65%
|
16,729
|
3%
|
16,984
|
9,974
|
70%
|
Average Daily
Working Interest Production (boepd)
|
118,748
|
115,332
|
3%
|
124,807
|
(5)%
|
121,761
|
117,391
|
4%
|
Rajasthan
|
108,636
|
107,267
|
1%
|
114,828
|
(5)%
|
111,715
|
109,395
|
2%
|
Ravva
|
3,037
|
3,885
|
(22)%
|
3,199
|
(5)%
|
3,117
|
4,007
|
(22)%
|
Cambay
|
6,894
|
4,181
|
65%
|
6,692
|
3%
|
6,794
|
3,990
|
70%
|
KG-ONN
|
181
|
-
|
-
|
89
|
-
|
135
|
-
|
-
|
Total Oil and Gas
(million boe)
|
|
|
|
|
|
|
|
|
Oil
& Gas- Gross
|
17.1
|
16.6
|
3%
|
17.7
|
(4)%
|
34.8
|
33.7
|
3%
|
Oil
& Gas-Working Interest
|
10.9
|
10.6
|
3%
|
11.4
|
(4)%
|
22.3
|
21.5
|
4%
|
Q2 FY2019 vs. Previous Quarters
Average gross operated production during Q2 FY2019 across our
assets was 185,926 barrels of oil equivalent per day (boepd), up 3%
y-o-y. The increase in volume was primarily due to the infill wells
in Mangala and Cambay, new wells brought online as part of Bhagyam
and Aishwariya EOR campaign and production optimization activities
carried out across assets.
Average gross operated production was lower 5% q-o-q mainly due
to the natural field decline. Efforts well advanced to off-set this
impact. All our assets recorded an uptime of over 99%.
Gross production from the Rajasthan block averaged 155,194 boepd
for the quarter, 1% higher y-o-y and 5% lower q-o-q. 32 wells have
been drilled as part of the growth projects and 8 wells have been
brought online. Gross production from Development Area-1 (DA-1),
Development Area-2 (DA-2) and Development Area-3 (DA-3) averaged
136,658 boepd, 17,922 boepd and 614 boepd respectively.
Gas production from Raageshwari Deep Gas (RDG) averaged 47.1
million standard cubic feet per day (mmscfd) in Q2 FY2019, with gas
sales, post captive consumption, at 29.6 mmscfd.
The Ravva block produced at an average rate of 13,496 boepd for
the quarter, lower by 22% y-o-y and 5% q-o-q primarily due to the
natural field decline.
The Cambay block produced at an average rate of 17,236
boepd for the quarter, up by 65% y-o-y and 3% q-o-q supported by
the gains realized from infill wells campaign completed in Q1
FY2019.
Key upcoming project milestones
- MBA Infill, EOR Polymer and ASP Project: 29 wells have been
drilled till date. Of these 8 wells are already online, 26+ wells
will be online by Q3 FY2019 and 50+ wells online by Q4 FY2019. ASP
surface facilities activities contract to be awarded by Q3
FY2019.
- Gas production to increase substantially during the year:
- GIGL pipeline nearing completion.
Facility debottlenecking shall enable increase
in gas volumes by Q3 FY2019
- Early gas production facility shall
double the gas production by Q4 FY2019
- Tight Gas (RDG): 1 well drilled.
Hydraulic fracturing activity commenced in existing wells.
- Tight Oil (ABH): 2 wells have been drilled. Hydraulic
fracturing activity is scheduled to commence in Q3 FY 2019. First
Oil on track for Q3 FY2019. 10+ wells online by Q4 FY2019.
- Liquid handling facility upgradation progressing as per plan to
handle incremental volume.
- Tight Oil Appraisal fields: The appraisal for 4 tight oil
fields to commence in Q3 FY2019.
Exploration
- OALP: Bids were submitted for all 55 exploration blocks offered
in OALP-1 round. Secured 41 blocks for which the revenue sharing
contracts have been signed.
- KG Offshore: The first Exploration well has been drilled and
tested with flow of gas. A new hydrocarbon discovery has been
declared. The drilling of the second exploration well is scheduled
for drilling in Q4 FY 2019.
- RJ Exploration: 7-18 exploration and appraisal wells drilling
campaign to start in Q3 FY2019 to build on the resource
portfolio.
H1 FY2019 vs. H1 FY2018
Average gross production across our assets was 3% higher y-o-y
at 190,431 boepd. Production from Rajasthan block was 159,593
boepd, 2% higher y-o-y resulting from the gains of the Mangala
infill campaign and prudent reservoir management practices.
Production from the offshore assets, was at a combined 30,838
boepd, higher by 11% y-o-y, due to the gains from Cambay infill
campaign partially offset by the natural field decline.
Iron Ore
Particulars
(in million dry metric tonnes, or as stated)
|
Q2
|
Q1
|
Half
Year
|
FY
2019
|
FY
2018
|
% Change
YoY
|
FY
2019
|
% Change
QoQ
|
FY
2019
|
FY
2018
|
% Change
YoY
|
IRON
ORE
|
|
|
|
|
|
|
|
|
Sales
|
0.4
|
0.7
|
(51)%
|
1.4
|
(74)%
|
1.8
|
3.0
|
(41)%
|
Goa
|
0.1
|
0.1
|
(14)%
|
1.0
|
(89)%
|
1.2
|
2.0
|
(42)%
|
Karnataka
|
0.2
|
0.6
|
(59)%
|
0.4
|
(31)%
|
0.6
|
1.0
|
(41)%
|
Production of
Saleable Ore
|
1.4
|
1.2
|
16%
|
1.4
|
(1)%
|
2.8
|
4.5
|
(38)%
|
Goa
|
-
|
0.4
|
-
|
0.2
|
-
|
0.2
|
2.6
|
(91)%
|
Karnataka
|
1.4
|
0.9
|
56%
|
1.2
|
19%
|
2.6
|
1.9
|
36%
|
Production ('000
tonnes)
|
|
|
|
|
|
|
|
|
Pig Iron
|
173
|
137
|
26%
|
167
|
4%
|
339
|
300
|
13%
|
Q2 FY2019 vs. Previous Quarters
There was no production at Goa
due to suspension of mining pursuant to the Hon'ble Supreme Court
judgement dated 7 February 2018
directing mining operations of all companies in Goa to stop with effect from 16 March 2018. We continue to engage with the
Government for resumption of mining operations.
At Karnataka, production was 1.4 million tonnes, 56% higher
y-o-y and 19% higher q-o-q. Sales were at 0.2 million tonnes due to
muted e-auction sales.
Pig iron production was at 173,000 tonnes, 26% higher y-o-y and
4% higher q-o-q.
H1 FY2019 vs. H1 FY2018
At Karnataka, production was higher y-o-y at 2.6 million tonnes
due to an increase in mining cap from 2.3 MT to 4.5 MT. Sales were
lower y-o-y at 0.6 million tonnes due to muted e-auction sales.
Production of Pig Iron increased to 339,000 tonnes in H1 FY2019,
13% higher mainly due to lower metallurgical coke availability on
account of weather related supply disruptions in Australia in Q1 FY2018 and local contractors'
strike in Q2 FY2018.
Steel
Particulars
(in'000 tonnes, or as stated)
|
Q2
|
Q1
|
Half
Year
|
FY
2019
|
FY
2018
|
% Change
YoY
|
FY 2019
(June)
|
FY
2019
|
% Change
QoQ
|
FY
2019
|
FY
2018
|
% Change
YoY
|
STEEL3
|
|
|
|
|
|
|
|
|
|
Production
|
285
|
247
|
16%
|
71
|
242
|
18%
|
527
|
485
|
9%
|
Pig
Iron
|
45
|
41
|
9%
|
3
|
14
|
-
|
59
|
80
|
(26)%
|
Billet
|
4
|
13
|
(72)%
|
1
|
3
|
7%
|
7
|
23
|
(70)%
|
TMT
Bar
|
106
|
62
|
72%
|
25
|
90
|
18%
|
196
|
144
|
36%
|
Wire
Rod
|
110
|
103
|
7%
|
29
|
98
|
12%
|
208
|
182
|
14%
|
Ductile Iron
Pipes
|
20
|
28
|
(26)%
|
13
|
37
|
(44)%
|
57
|
57
|
-
|
3 June 2018
was the first full month post Vedanta Limited's 90% acquisition of
ESL. Previous period numbers are memorandum information for the
purpose of performance evaluation of the Company
Vedanta Limited completed the acquisition of 90% share capital
of Electrosteel Steels Limited (ESL) on 4
June 2018, following which we will be consolidating the
financials of ESL for a 10 month period in FY2019. ESL has
steelmaking design capacity of 2.5 mtpa in Bokaro, Jharkhand with
blast furnace/basic-oxygen-furnace
technology.
Total production for the quarter was 285,000 tonnes, 16% higher
y-o-y and 18% higher q-o-q as a result of improved availability of
raw material, restarting of 0.4 Mt Blast Furnace-3 from
August 2018, as well as, improved
plant availability and utilisation. In line with our stated
priorities to stablise production and ramp up to 1.5 mtpa, we
exited at a monthly run rate of 1.3 mtpa.
Copper – India
Particulars
(in'000 tonnes, or as stated)
|
Q2
|
Q1
|
Half
Year
|
FY
2019
|
FY
2018
|
% Change
YoY
|
FY
2019
|
% Change
QoQ
|
FY
2019
|
FY
2018
|
% Change
YoY
|
COPPER-
INDIA
|
|
|
|
|
|
|
|
|
Copper –
Cathodes
|
15
|
106
|
(86)%
|
24
|
(37)%
|
40
|
197
|
(80)%
|
Tuticorin
Power Sales (MU)
|
-
|
4
|
-
|
-
|
-
|
-
|
34
|
-
|
Smelting operations at Tuticorin have been halted since end
March. The Company has appealed before the National Green Tribunal
(NGT), Principal Bench. Hearing the appeal, the NGT has referred
the matter to an Independent Committee which will go through the
reports produced on the issue of environmental compliance. We
expect the Independent Committee to take a decision in Q3
FY2019.
Our Silvassa refinery and wire rod plant continues to operate.
This enables us to cater our domestic market.
Aluminium
Particulars(in'000 tonnes, or as
stated)
|
Q2
|
Q1
|
Half
Year
|
FY
2019
|
FY
2018
|
% Change
YoY
|
FY
2019
|
% Change
QoQ
|
FY
2019
|
FY
2018
|
% Change
YoY
|
ALUMINIUM
|
|
|
|
|
|
|
|
|
Alumina-Lanjigarh
|
348
|
269
|
30%
|
325
|
7%
|
673
|
572
|
18%
|
Total Aluminum
Production
|
494
|
401
|
23%
|
482
|
3%
|
976
|
753
|
30%
|
Jharsuguda-I
|
137
|
99
|
39%
|
136
|
1%
|
273
|
191
|
43%
|
Jharsuguda-II4
|
216
|
157
|
37%
|
204
|
6%
|
420
|
277
|
51%
|
BALCO-I
|
64
|
65
|
(2)%
|
64
|
(1)%
|
128
|
128
|
-
|
BALCO-II5
|
78
|
79
|
(2)%
|
77
|
1%
|
155
|
156
|
(1)%
|
Q2 FY2019 vs. Previous Quarters
The Lanjigarh refinery produced 348,000 tonnes of alumina in Q2
FY2019, 30% higher y-o-y due to debottlenecking and Odisha bauxite
sourcing from Odisha Mining Corporation (OMC). This was 7% higher
q-o-q due to Odisha bauxite sourcing from OMC. Improved captive
alumina production and indigenous bauxite are key in our efforts to
drive the aluminium costs lower.
Aluminium production in Q2 FY2019 was at 494,000 tonnes, up 23%
y-o-y as a result of ramp up at the Jharsuguda-I smelter which was
completed in Q3 FY2018 and ongoing ramp-up of Jharsuguda II
smelter. The production was 3% higher q-o-q. At Jharsuguda II, Line
3 has progressively ramped up with 303 out of 336 pots operational
by quarter end as compared to 245 pots at the end of Q1 FY2019.
Line 4 continues to be under evaluation. Stabilised aluminium
production (i.e. production excluding trial run) was 476,000 tonnes
in Q2 FY2019.
Continued demand-supply imbalance in domestic coal resulted in
coal price increase and disruptions in domestic coal availability
for the captive power plants during the quarter. This resulted in
power import in the Aluminium segment. Coal procurement continues
to be a key focus area for management. We are engaging with Coal
India to improve e-auction coal availability and materialisation of
existing linkages. Additional eligible quantities are being secured
in the on-going Tranche IV auction with materialisation expected
from Q4 FY2019. This will improve coal availability and therefore
help to drive costs down.
H1 FY2019 vs. H1 FY2018
Aluminium production increased to 976,000 tonnes in H1 FY2019,
30% higher y-o-y, mainly on account of the ramp up of Jharsuguda I
smelter which was completed in Q3 FY2018 post the April 2017 outage and the ongoing ramp up of
additional pots at Jharsuguda II. Alumina production was 673,000
tonnes, 18% higher y-o-y.
Power
Particulars
(in million units)
|
Q2
|
Q1
|
Half
Year
|
FY
2019
|
FY
2018
|
% Change
YoY
|
FY
2019
|
% Change
QoQ
|
FY
2019
|
FY
2018
|
% Change
YoY
|
Power
|
|
|
|
|
|
|
|
|
Total Power
Sales
|
3,514
|
2,950
|
19%
|
3,315
|
6%
|
6,830
|
4,787
|
43%
|
Jharsuguda 600 MW
|
124
|
93
|
35%
|
164
|
(24)%
|
289
|
657
|
(56)%
|
TSPL
|
2,725
|
2,582
|
6%
|
2,355
|
16%
|
5,081
|
3,145
|
62%
|
BALCO
600 MW
|
480
|
132
|
-
|
656
|
(27)%
|
1,137
|
682
|
67%
|
MALCO*
|
-
|
0
|
-
|
-
|
-
|
-
|
4
|
-
|
HZL Wind
Power
|
185
|
143
|
29%
|
139
|
33%
|
324
|
299
|
8%
|
TSPL –
Availability
|
94%
|
87%
|
-
|
91%
|
-
|
93%
|
54%
|
-
|
*continues to be under care and maintainance as of
26th May 2017 due to low
demand in Southern India
Q2 FY2019 vs. Previous Quarters
During Q2 FY2019, power sales were 3,514 million units. TSPL
power sales were 2,725 million units with 94% availability. At
TSPL, the Power Purchase Agreement with the Punjab State
Electricity Board compensates us based on the availability of the
plant.
The 600MW Jharsuguda power plant operated at a lower plant load
factor (PLF) of 2% in Q2 FY2019 (PLF of 7% in Q2 FY2018, 5% in Q1
FY2019). Power sales this quarter were also met through
3rd party power purchases.
The 600 MW BALCO IPP operated at a PLF of 45% in Q2 FY2019 (PLF
of 28% in Q2 FY2018, 57% in Q1 FY2019). The PLF has reduced q-o-q
primarily due to coal shortages.
H1 FY2019 vs. H1 FY2018
During H1 FY2019, power sales was at 6,830 million units, 43%
higher y-o-y mainly on account of TSPL plant shutdown due to a fire
incident in the coal conveyor in Q1 FY2018.
Production Summary (Unaudited)
(In '000 tonnes, except as stated)
Particulars
|
Q2
|
Q1
|
H1
|
FY
2019
|
FY
2018
|
% Change
YoY
|
FY
2019
|
% Change
QoQ
|
FY
2019
|
FY
2018
|
% Change
YoY
|
ZINC
INDIA
|
|
|
|
|
|
|
|
|
Mined metal
content
|
232
|
219
|
6%
|
212
|
10%
|
444
|
452
|
(2)%
|
Integrated
metal
|
212
|
230
|
(8)%
|
214
|
(1)%
|
425
|
459
|
(7)%
|
Refined Zinc –
Integrated
|
162
|
192
|
(16)%
|
172
|
(5)%
|
334
|
386
|
(13)%
|
Refined Lead –
Integrated1
|
49
|
38
|
30%
|
42
|
17%
|
91
|
73
|
25%
|
Silver- Integrated
(in MT)2
|
172
|
140
|
23%
|
138
|
25%
|
310
|
255
|
22%
|
ZINC
INTERNATIONAL
|
28
|
42
|
(34)%
|
25
|
11%
|
54
|
74
|
(28)%
|
Zinc -Refined
–Skorpion
|
15
|
23
|
(35)%
|
10
|
42%
|
25
|
36
|
(31)%
|
Mined metal content -
BMM
|
13
|
20
|
(32)%
|
15
|
(11)%
|
29
|
38
|
(25)%
|
OIL AND
GAS
|
|
|
|
|
|
|
|
|
Average Daily Gross
Operated Production (boepd)
|
185,926
|
180,955
|
3%
|
194,986
|
(5)%
|
190,431
|
184,062
|
3%
|
Rajasthan
|
155,194
|
153,238
|
1%
|
164,040
|
(5)%
|
159,593
|
156,278
|
2%
|
Ravva
|
13,496
|
17,266
|
(22)%
|
14,217
|
(5)%
|
13,855
|
17,810
|
(22)%
|
Cambay
|
17,236
|
10,452
|
65%
|
16,729
|
3%
|
16,984
|
9,974
|
70%
|
Average Daily Working
Interest Production (boepd)
|
118,748
|
115,332
|
3%
|
124,807
|
(5)%
|
121,761
|
117,391
|
4%
|
Rajasthan
|
108,636
|
107,267
|
1%
|
114,828
|
(5)%
|
111,715
|
109,395
|
2%
|
Ravva
|
3,037
|
3,885
|
(22)%
|
3,199
|
(5)%
|
3,117
|
4,007
|
(22)%
|
Cambay
|
6,894
|
4,181
|
65%
|
6,692
|
3%
|
6,794
|
3,990
|
70%
|
KG-ONN
|
181
|
-
|
-
|
89
|
-
|
135
|
-
|
-
|
Total Oil and Gas
(million boe)
|
|
|
|
|
|
|
|
|
Oil
& Gas- Gross
|
17.1
|
16.6
|
3%
|
17.7
|
(4)%
|
34.8
|
33.7
|
3%
|
Oil
& Gas-Working Interest
|
10.9
|
10.6
|
3%
|
11.4
|
(4)%
|
22.3
|
21.5
|
4%
|
IRON ORE (in
million dry metric tonnes, or as
stated)
|
|
|
|
|
|
|
|
|
Sales
|
0.4
|
0.7
|
(51)%
|
1.4
|
(74)%
|
1.8
|
3.0
|
(41)%
|
Goa
|
0.1
|
0.1
|
(14)%
|
1.0
|
(89)%
|
1.2
|
2.0
|
(42)%
|
Karnataka
|
0.2
|
0.6
|
(59)%
|
0.4
|
(31)%
|
0.6
|
1.0
|
(41)%
|
Production of
Saleable Ore
|
1.4
|
1.2
|
16%
|
1.4
|
(1)%
|
2.8
|
4.5
|
(38)%
|
Goa
|
-
|
0.4
|
-
|
0.2
|
-
|
0.2
|
2.6
|
(91)%
|
Karnataka
|
1.4
|
0.9
|
56%
|
1.2
|
19%
|
2.6
|
1.9
|
36%
|
Pig Iron ('000
tonnes)
|
173
|
137
|
26%
|
167
|
4%
|
339
|
300
|
13%
|
(In '000 tonnes, except
as stated)
Particulars
|
Q2
|
Q1
|
H1
|
FY
2019
|
FY
2018
|
% Change
YoY
|
FY
2019
|
% Change
QoQ
|
FY
2019
|
FY
2018
|
% Change
YoY
|
STEEL3
|
|
|
|
|
|
|
|
|
Production
|
285
|
247
|
16%
|
242
|
18%
|
527
|
485
|
9%
|
Pig
Iron
|
45
|
41
|
9%
|
14
|
-
|
59
|
80
|
(26)%
|
Billet
|
4
|
13
|
(72)%
|
3
|
7%
|
7
|
23
|
(70)%
|
TMT
Bar
|
106
|
62
|
72%
|
90
|
18%
|
196
|
144
|
36%
|
Wire
Rod
|
110
|
103
|
7%
|
98
|
12%
|
208
|
182
|
14%
|
Ductile Iron
Pipes
|
20
|
28
|
(26)%
|
37
|
(44)%
|
57
|
57
|
-
|
COPPER –
INDIA
|
|
|
|
|
|
|
|
|
Copper -
Cathodes
|
15
|
106
|
-
|
24
|
(37)%
|
40
|
197
|
-
|
Tuticorin
Power Plant Sales (MU)
|
-
|
4
|
-
|
-
|
-
|
-
|
34
|
-
|
ALUMINUM
|
|
|
|
|
|
|
|
|
Alumina-Lanjigarh
|
348
|
269
|
30%
|
325
|
7%
|
673
|
572
|
18%
|
Total Aluminum
Production
|
494
|
401
|
23%
|
482
|
3%
|
976
|
753
|
30%
|
Jharsuguda-I
|
137
|
99
|
39%
|
136
|
1%
|
273
|
191
|
43%
|
Jharsuguda-II4
|
216
|
157
|
37%
|
204
|
6%
|
420
|
277
|
51%
|
BALCO-I
|
64
|
65
|
(2)%
|
64
|
(1)%
|
128
|
128
|
-
|
BALCO-II5
|
78
|
79
|
(2)%
|
77
|
1%
|
155
|
156
|
(1)%
|
POWER (in million
units)
|
|
|
|
|
|
|
|
|
Total Power
Sales
|
3,514
|
2,950
|
19%
|
3,315
|
6%
|
6,830
|
4,787
|
43%
|
Jharsuguda 600 MW
|
124
|
93
|
35%
|
164
|
(24)%
|
289
|
657
|
(56)%
|
TSPL
|
2,725
|
2,582
|
6%
|
2,355
|
16%
|
5,081
|
3,145
|
62%
|
BALCO
600 MW
|
480
|
132
|
-
|
656
|
(27)%
|
1,137
|
682
|
67%
|
MALCO
|
-
|
0
|
-
|
-
|
-
|
-
|
4
|
-
|
HZL Wind
Power
|
185
|
143
|
29%
|
139
|
33%
|
324
|
299
|
8%
|
TSPL –
Availability
|
94%
|
87%
|
-
|
91%
|
-
|
93%
|
54%
|
-
|
Ports – VGCB (in
million tonnes) 6
|
|
|
|
|
|
|
|
|
Cargo Discharge
|
1.2
|
1.1
|
11%
|
1.5
|
(23)%
|
2.7
|
2.3
|
19%
|
Cargo Dispatches
|
1.2
|
1.2
|
3%
|
1.5
|
(19)%
|
2.7
|
2.3
|
21%
|
1. Excluding captive consumption of 1,799 tonnes
in Q2 FY2019 vs. 1,634 tonnes in Q2 FY2018 and 1,778 tonnes in Q1
FY2019. It was 3,577 tonnes in H1 FY2019 vs. 3,590 tonnes in H1
FY2018
2. Excluding captive consumption of 9.2 tonnes in
Q2 FY2019 vs. 8.8 tonnes in Q2 FY2018 and 9.4 tonnes in Q1 FY2019.
It was 18.6 tonnes in H1 FY2019 vs. 19.0 tonnes in H1
FY2018
3.June 2019 2018 was the
first full month post Vedanta Limited's 90% acquisition of ESL.
Previous period numbers are memorandum information for the purpose
of performance evaluation of the Company
4. Including trial run production of 18 kt in Q2
FY2019, 15 kt in Q2 FY2018 and 12 kt in Q1 FY2019. It was 30 kt in
H1 FY2019 vs. 34 kt in H1 FY2018
5. Including trial run production of Nil in Q2 FY2019,
1 kt in Q2 FY2018 and Nil in Q1 FY2019. It was Nil in H1 FY2019 vs.
16 kt in H1 FY2018
6. Vizag General Cargo Berth
For further information, please contact:
Communications
Arun Arora
Head, Corporate Communications
Tel: +91-124-459-3000
gc@vedanta.co.in
Investor Relations
Rashmi Mohanty
Director – Investor Relations
Tel: +91-22-6646-1531
vedantaltd.ir@vedanta.co.in
Sneha Tulsyan
Associate Manager – Investor Relations
About Vedanta Limited
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. 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 2018, please visit
http://www.vedantaresources.com/media/237848/vedanta-sd-report-2017-18.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
Vedanta, 75, Nehru Road,
Vile Parle (East), Mumbai - 400
099
www.vedantalimited.com
Registered Office:
Regd. Office: 1st Floor, 'C' wing,
Unit 103,
Corporate Avenue, Atul Projects,
Chakala, Andheri (East),
Mumbai – 400 093
CIN: L13209MH1965PLC291394
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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SOURCE Vedanta Limited