MUMBAI, Oct. 10, 2017 /PRNewswire/ --Q2
Highlights
Operations
Zinc India:
- Refined zinc-lead metal production at 230kt, up 27% y-o-y
- Record refined silver production at 140 tonnes, up 31%
y-o-y
Zinc International:
- Highest quarterly production of 20kt at Black Mountain in the
last 4 years
Oil & Gas:
- Commenced 15-well infill drilling campaign at Mangala; first
well brought online
Aluminium:
- Record quarterly aluminium production
- Smelters continue ramp up, with current run-rate of 1.6 mtpa
(excluding trial run production)
Copper India:
- Record quarterly copper cathode production
Iron Ore:
- Produced 1.9mt at Karnataka in H1, expect to achieve full
allocation production during Q3
TSPL:
- High plant availability of 87%, following the shutdown in
Q1
Kuldip Kaura, Interim Chief
Executive Officer, Vedanta Limted, said: "I feel privileged to take
on the helm of a business with Tier 1 assets and I am very excited
to be here. During the quarter, our Zinc, Copper India and
Aluminium businesses have delivered a strong production
performance. We have also commenced our growth journey on both the
exploration and development front in our Oil & Gas business. We
are continuing to realise operational efficiencies across our
diversified portfolio and to benefit from a supportive market
environment."
Oil &
Gas
|
|
Q2
|
Q1
|
H1
|
Particulars
|
FY2018
|
FY2017
|
%
change
YoY
|
FY2018
|
%
change
QoQ
|
FY2018
|
FY2017
|
%
change
YoY
|
OIL
AND GAS
|
|
|
|
|
|
|
|
|
Average Daily
Total Gross
Operated
Production (boepd) 1
|
190,389
|
206,230
|
(8)%
|
196,656
|
(3)%
|
193,505
|
206,342
|
(6)%
|
Average Daily
Gross Operated
Production
(boepd)
|
180,955
|
196,399
|
(8)%
|
187,203
|
(3)%
|
184,062
|
196,629
|
(6)%
|
Rajasthan
|
153,238
|
167,699
|
(9)%
|
159,351
|
(4)%
|
156,278
|
167,323
|
(7)%
|
Ravva
|
17,266
|
18,823
|
(8)%
|
18,361
|
(6)%
|
17,810
|
19,228
|
(7)%
|
Cambay
|
10,452
|
9,877
|
6%
|
9,491
|
10%
|
9,974
|
10,078
|
(1)%
|
Average Daily
Working
Interest
Production (boepd)
|
115,332
|
125,575
|
(8)%
|
119,473
|
(3)%
|
117,391
|
125,484
|
(6)%
|
Rajasthan
|
107,267
|
117,390
|
(9)%
|
111,546
|
(4)%
|
109,395
|
117,126
|
(7)%
|
Ravva
|
3,885
|
4,235
|
(8)%
|
4,131
|
(6)%
|
4,007
|
4,326
|
(7)%
|
Cambay
|
4,181
|
3,951
|
6%
|
3,796
|
10%
|
3,990
|
4,031
|
(1)%
|
Total Oil and Gas
(million boe)
|
|
|
|
|
|
|
|
|
Oil
& Gas- Gross
|
16.6
|
18.1
|
(8)%
|
17.0
|
(2)%
|
33.7
|
36.0
|
(6)%
|
Oil
& Gas-Working Interest
|
10.6
|
11.6
|
(8)%
|
10.9
|
(2)%
|
21.5
|
23.0
|
(6)%
|
|
|
|
|
|
|
|
|
|
|
Q2 FY 2018 vs. previous quarters
Average gross production during Q2 FY2018 was 180,955 barrels of
oil equivalent per day (boepd), 3% lower q-o-q and 8% lower y-o-y
on account of natural decline in producing reservoirs, partially
offset by continued reservoir management practices, strong Enhanced
Oil Recovery (EOR) performance and production optimization
activities.
Gross production from the Rajasthan block averaged 153,238 boepd
for the quarter, 4% lower q-o-q primarily due to natural decline
and temporary shutdown of satellite fields owing to operational
issues. These satellite fields are being brought online in a phased
manner. Gross production from Development Area-1 (DA-1),
Development Area-2 (DA-2) and Development Area-3 (DA-3) averaged
137,562 boepd, 15,606 boepd and 70 boepd, respectively
Gas production from Raageshwari Deep Gas (RDG) averaged 33.8
million standard cubic feet per day (mmscfd) in Q2 FY2018, with gas
sales, post captive consumption, at 18.0 mmscfd (production of 35.4
mmscfd and sales of 20.4 mmscfd in Q1).
The Ravva block produced at an average rate of 17,266 boepd for
the quarter. Closing of the water producing zones in two wells and
gas lift optimization has helped in enhancing production rates from
the field, partially offsetting the natural decline.
The Cambay block produced at an average rate of 10,452 boepd for
the quarter. Targeting incremental production opportunities, a gas
well has been re-activated and gas lift started in two wells which
has helped offset the natural decline.
Drilling of 15 infill wells at the Mangala field has commenced
during Q2 and the first well was brought online at the end of
September. Aishwariya Barmer Hill (ABH) Phase-I has been approved
and the production from existing wells has commenced during the
quarter. Additional growth projects like Bhagyam EOR, Aishwariya
EOR, ABH Phase-II, Liquid handling upgrade and the field
development plan for 45 additional infill wells at Mangala are
under advanced stages of discussion with our JV partner for
approval.
Post completion of RDG Phase-I in November 2017, gas production is expected to
increase to 40-45 mmscfd. Tendering activity for partnership with
leading service providers for integrated delivery of RDG Phase-II
is progressing well and is expected to increase the gas production
to over 100 mmscfd, and condensate production to over 5 kboepd by
H1 CY2019.
H1 FY2018 vs. H1 FY2017
Average gross production across our assets was at 184,062 boepd.
Production from Rajasthan was 156,278 boepd, 7% lower y-o-y on
account of natural decline in the producing reservoirs, partially
offset by positive results from the Mangala EOR and other reservoir
management practices. RDG gas production has increased from an
average of 30.4 mmscfd in H1 FY2017 to 34.6 mmscfd in H1 FY2018.
Production from the offshore assets - Ravva and Cambay, was at a
combined 27,784 boepd, lower by c.5% y-o-y, due to natural
decline.
Zinc
India
|
|
Particulars
(In '000 tonnes, or as
stated)
|
Q2
|
Q1
|
H1
|
FY2018
|
FY2017
|
%
change
YoY
|
FY2018
|
%
change
QoQ
|
FY2018
|
FY2017
|
%
change
YoY
|
Zinc
India(kt)
|
|
|
|
|
|
|
|
|
Mined
metal content
|
219
|
192
|
14%
|
233
|
(6)%
|
452
|
318
|
42%
|
Refined Zinc – Total
|
192
|
150
|
28%
|
194
|
(1)%
|
386
|
252
|
53%
|
Refined
Zinc – Integrated
|
192
|
149
|
29%
|
194
|
(1)%
|
386
|
250
|
54%
|
Refined
Zinc – Custom
|
-
|
1
|
-
|
-
|
-
|
-
|
2
|
-
|
Refined Lead - Total 2
|
38
|
31
|
24%
|
35
|
9%
|
73
|
55
|
32%
|
Refined
Lead – Integrated
|
38
|
31
|
24%
|
35
|
9%
|
73
|
55
|
32%
|
Refined
Lead – Custom
|
-
|
-
|
|
-
|
|
|
-
|
|
Silver -
Total (in tonnes) 3
|
140
|
107
|
31%
|
115
|
22%
|
255
|
196
|
30%
|
Silver-
Integrated (in tonnes)
|
140
|
107
|
31%
|
115
|
22%
|
255
|
196
|
30%
|
Silver- Custom
(in tonnes)
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
|
|
|
|
|
|
|
|
|
|
Q2 FY 2018 vs. previous quarters
Mined metal production was at 219,000 tonnes, 14% higher y-o-y,
on account of higher volumes from underground mines. Q-o-Q
production declined by 6% due to lower ore treatment.
Integrated zinc metal production was 192,000 tonnes, 29% higher
y-o-y and flat sequentially. Integrated lead metal production was
38,000 tonnes, 24% higher y-o-y and 9% higher q-o-q. This was in
line with availability of mined metal and smelters.
Integrated silver production was at a record high of 140 tonnes,
up 31% y-o-y and 22% q-o-q in line with higher lead production.
Capital mine development of 9,765 meters was achieved across all
mines during the quarter, up 77% y-o-y and 11% sequentially.
Rampura Agucha underground mine development is progressing well and
the main production shaft is on track for commissioning in Q3 FY
2019. Shaft project at Sindesar Khurd is also on track for
commissioning in Q2 FY 2019 while construction work for a new third
mill of 1.5 mtpa capacity commenced during the quarter. Zawar mill
debottlenecking was completed and the upgraded capacity of 2.7 mtpa
was commissioned during the quarter.
H1 FY2018 vs. H1 FY2017
Mined metal production was at 452,000 tonnes in H1 FY2018, 42%
higher y-o-y driven by higher ore production across all mines.
Integrated zinc, lead and silver production were higher by 54%
y-o-y, 32% y-o-y and 30% y-o-y respectively, in line with
availability of mined metal.
Zinc
International
|
|
Particulars
(In '000 tonnes, or as
stated)
|
Q2
|
Q1
|
H1
|
FY2018
|
FY2017
|
%
change
YoY
|
FY2018
|
%
change
QoQ
|
FY2018
|
FY2017
|
%
change
YoY
|
Zinc
International
|
42
|
39
|
13%
|
32
|
33%
|
74
|
82
|
(9)%
|
Zinc
refined - Skorpion
|
23
|
23
|
0%
|
14
|
66%
|
36
|
47
|
(22)%
|
Mined metal content - BMM
|
20
|
16
|
23%
|
18
|
8%
|
38
|
35
|
8%
|
|
|
|
|
|
|
|
|
|
|
Q2 FY2018 vs. previous quarters
Total production increased to 42,000 tonnes, 33% higher q-o-q
and 13% y-o-y. Skorpion production increased to 23,000 tonnes, 66%
higher q-o-q. This is on the back of a successful planned refinery
shut down in Q1 which has resulted in restoring the acid plant to
full capacity. BMM production increased to 20,000 tonnes, 8%
higher q-o-q and 23% y-o-y. The increase was on account of better
grades from improved drilling accuracy and higher recoveries due to
operational efficiencies.
At Gamsberg, pre-stripping is progressing well, and we have
achieved full ramp up of pre-stripping mining volumes of 3.5
million tons per month. To date, we have excavated over 32 million
tonnes of waste rock of the total 65-70 million tons of
pre-stripping required.
At Skorpion, the pit 112 extension project is progressing well
and most of the equipment is in place. Waste mining that started in
April 2017 has been at record levels
in Q2.
H1 FY2018 vs. H1 FY2017
During H1 FY2018, total production decreased to 74,000 tonnes,
9% lower y-o-y on account of a planned shutdown of the acid plant
at Skorpion during Q1 FY2018, partly offset by higher grades and
higher recoveries at BMM.
Iron
Ore
|
|
|
Q2
|
Q1
|
H1
|
Particulars
(in million dry metric
tonnes, or as
stated)
|
FY2018
|
FY2017
|
%
change
YoY
|
FY2018
|
%
change
QoQ
|
FY2018
|
FY2017
|
%
change
YoY
|
IRON ORE
|
|
|
|
|
|
|
|
|
Sales
|
0.7
|
0.8
|
(7)%
|
2.3
|
(67)%
|
3.0
|
3.4
|
(12)%
|
Goa
|
0.1
|
0.3
|
(59)%
|
1.9
|
(93)%
|
2.0
|
2.4
|
(18)%
|
Karnataka
|
0.6
|
0.5
|
30%
|
0.4
|
43%
|
1.0
|
1.0
|
3%
|
Production of
Saleable Ore
|
1.2
|
1.5
|
(14)%
|
3.2
|
(62)%
|
4.5
|
4.7
|
(4)%
|
Goa
|
0.4
|
0.5
|
(25)%
|
2.2
|
(82)%
|
2.6
|
2.9
|
(12)%
|
Karnataka
|
0.9
|
0.9
|
(8)%
|
1.1
|
(22)%
|
1.9
|
1.7
|
11%
|
Production ('000
tonnes)
|
|
|
|
|
|
|
|
|
Pig Iron
|
137
|
192
|
(29)%
|
163
|
(16)%
|
300
|
370
|
(19)%
|
Q2 FY2018 vs. previous quarters
At Goa, production was 0.4
million tonnes, with mining activities being lower in Q2, due to
the monsoon season. We sold a lower quantity of ore at 0.1 million
tonnes due to the low pricing environment.
At Karnataka, we are close to achieving our annual mining cap
with production of 0.9 million tonnes during the quarter. Sales
were 0.6 million tonnes during the quarter, 30% higher y-o-y and
43% higher q-o-q.
We have inventory of around 3 million tonnes at Goa and 1.2 million tonnes at Karnataka which
will be sold in coming quarters.
We remain engaged with respective state governments for mining
capacity increases.
Pig Iron production decreased to 137,000 tonnes, 29% lower y-o-y
and 16% lower q-o-q due to a local contractors' strike. This strike
has been resolved in mid-September
2017 and production will pick up in coming quarters.
H1 FY2018 vs. H1 FY2017
Production from Goa was 2.6
million tonnes and sales were 2.0 million tonnes, compared to 2.9
million tonnes and 2.4 million tonnes respectively. Production and
sales at Goa were impacted by the
low pricing environment. At Karnataka, both production and sales
were higher y-o-y at 1.9 million tonnes and 1.0 million tonnes
respectively. Production of Pig Iron decreased to 300,000 tonnes in
H1 FY2018, 19% lower 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. Pig iron production is
expected to pick up in the coming quarters.
Copper -
India
|
|
|
Q2
|
Q1
|
H1
|
Particulars
(in'000 tonnes, or as
stated)
|
FY2018
|
FY2017
|
%
change
YoY
|
FY2018
|
%
change
QoQ
|
FY2018
|
FY2017
|
%
change
YoY
|
COPPER-
INDIA
|
|
|
|
|
|
|
|
|
Copper –
Cathodes
|
106
|
97
|
9%
|
90
|
17%
|
197
|
198
|
(1)%
|
Tuticorin
Power Sales (MU)
|
4
|
30
|
(86)%
|
30
|
(91)%
|
34
|
90
|
(62)%
|
Q2 FY 2017 vs. previous quarters
Production from the Tuticorin smelter was a record at 106,000
tonnes of cathodes, 9% higher y-o-y and 17% higher q-o-q due to
improved operational efficiencies.
The 160 MW power plant at Tuticorin operated at a lower Plant
Load Factor (PLF) of 43% during Q2 FY2018 (PLF of 48% in Q1 FY2018
and 48% in Q1 FY2017). We are looking to enter into a power
purchase agreement to ensure higher PLFs and will continue to
explore viable supply agreement options.
H1 FY2018 vs. H1 FY2017
Production in H1 FY2018 was 197,000 tonnes of cathodes, similar
to H1 FY2017. The 160MW power plant at the Tuticorin operated at a
PLF of 45% in H1 FY2018 compared to 54% in H1 FY2017, primarily due
to lower demand.
Aluminium
|
|
|
Q2
|
Q1
|
H1
|
Particulars(in'000 tonnes, or
as
stated)
|
FY2018
|
FY2017
|
%
change
YoY
|
FY2018
|
%
change
QoQ
|
FY2018
|
FY2017
|
%
change
YoY
|
|
Aluminium
|
|
|
|
|
|
|
|
|
|
Alumina-Lanjigarh
|
269
|
292
|
(8)%
|
303
|
(11)%
|
572
|
567
|
1%
|
|
Total Aluminium
Production
|
401
|
296
|
36%
|
352
|
14%
|
753
|
541
|
39%
|
|
Jharsuguda-I
|
99
|
132
|
(25)%
|
92
|
7%
|
191
|
261
|
(27)%
|
|
Jharsuguda-II
4
|
157
|
48
|
-
|
120
|
31%
|
277
|
77
|
-
|
|
Korba-I
|
65
|
63
|
4%
|
63
|
4%
|
128
|
126
|
2%
|
|
Korba-II
5
|
79
|
52
|
51%
|
77
|
3%
|
156
|
77
|
-
|
|
Balco 270 MW *
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
|
Jharsuguda 1800 MW
(Surplus Power Sales in Million Units) *
|
-
|
156
|
-
|
-
|
-
|
-
|
511
|
-
|
|
* Jharsuguda 1,800MW
and BALCO 270 MW power plants have been moved from the Power to the
Aluminium segment from 1st April 2016.
|
|
Q2 FY2018 vs. previous quarters
During Q2 FY2018, aluminium production increased to 401,000
tonnes (i.e. production including trial run), 36% y-o-y and 14%
q-o-q. The increase was driven by ramp ups at the Jharsuguda II
smelter and complete ramp up of the Balco II smelter in Q1 FY
2018.
At Jharsuguda I, out of the total 228 pots which were affected
in the April 2017 outage, 121 pots
are operational to date, and the balance will be operational by Q3
FY2018. At Jharsuguda II, out of four lines, ramp-up of line-2 was
completed in Q4 FY2017; the ramp-up of line-1 and line-3 are
progressing well with 301 pots and 156 pots operational,
respectively, at the end of the quarter. These lines will be fully
operational by Q3 FY2018. Line-4 continues to be under
evaluation.
At the end of August, there was a breach in the ash pond dyke
wall at Jharsuguda plant following which the State Pollution
Control Board, Odisha (SPCB), directed a temporary closure of five
units on September 13th 2017.
Subsequently on September 20th, the
SPCB revoked the closure of three of these units except one unit of
135 MW of the 1,215 MW and one unit of 600MW of the 2,400 MW. The
Company was required to purchase some external power during the
interim seven day period which will have an impact on the cost of
production for the quarter.
The demand-supply imbalance on domestic coal supplies resulted
in increase of coal prices and caused continuing disruptions in
domestic coal availability for the captive power plants during the
quarter.
Alumina production was 269,000 tonnes, 8% lower y-o-y and 11%
lower q-o-q. During the quarter, production was adversely impacted
by lower bauxite availability from our mines at Chhattisgarh due to
transport bottlenecks.
The exit monthly run rate of aluminium production was 1.6
million tonnes per annum (mtpa, excluding trial run production) in
September 2017.
We expect to produce c. 1.5 to 1.6 mtpa of aluminium (excluding
trial run production) in FY2018.
H1 FY2018 vs. H1 FY2017
Aluminium production increased to 753,000 tonnes in H1 FY2018,
39% higher y-o-y, mainly on account of the ramp up of additional
pots at Jharsuguda II and Balco II. Alumina production was 572,000
tonnes, 1% higher y-o-y due to lower bauxite dispatches.
Power
|
|
|
Q2
|
Q1
|
H1
|
Particulars
(in millin units)
|
FY2018
|
FY2017
|
%
change
YoY
|
FY2018
|
%
change
QoQ
|
FY2018
|
FY2017
|
%
change
YoY
|
Power
|
|
|
|
|
|
|
|
|
Total Power
Sales
|
2,950
|
3,030
|
(3)%
|
1,838
|
61%
|
4,787
|
6,039
|
(21)%
|
Jharsuguda 600 MW
|
93
|
605
|
(85)%
|
564
|
(84)%
|
657
|
1,497
|
(56)%
|
Balco
600 MW
|
132
|
549
|
(76)%
|
551
|
(76)%
|
682
|
1,156
|
(41)%
|
MALCO*
|
0
|
25
|
-
|
4
|
-
|
4
|
115
|
(97)%
|
HZL Wind
Power
|
143
|
172
|
(17)%
|
156
|
(8)%
|
299
|
320
|
(7)%
|
TSPL
|
2,582
|
1,679
|
54%
|
563
|
-
|
3,145
|
2,951
|
7%
|
TSPL
– Availability
|
87%
|
77%
|
-
|
20%
|
-
|
54%
|
75%
|
-
|
* Continues to be
under care and maintenance as of 26th May 2017 due to low demand in
Southern India
|
Q2 FY2018 vs. previous quarters
During Q2 FY2018, power sales were 2,950 million units (mu), 3%
lower y-o-y and 61% higher q-o-q. This was primarily on account of
restart of the TSPL plant at the end of June
2017, following the shutdown for around 65 days in Q1 FY2018
due to a fire in April 2017.
During the quarter, TSPL power sales were 2,582 million units
with 87% availability compared to 20% in Q1 FY2018. The Power
Purchase Agreement with the Punjab State Electricity Board (PSEB)
compensates us based on the availability of the plant. We are
targeting an average availability of over 70% for the full
year.
The 600MW Jharsuguda power plant operated at a Plant Load Factor
(PLF) of 7% in Q2 FY2018 (PLF of 47% in Q1 FY2018, 50% in Q2
FY2017). Power Sales were heavily impacted due to the Ash Dyke
breach issue and a temporary coal shortage.
The 600 MW BALCO IPP (2X300MW) operated at a PLF of 31% in Q1
FY2018 compared to 68% Q1 FY2018 (Q2 FY2017: 54%) on account of
temporary coal shortage.
H1 FY2018 vs. H1 FY2017
During H1 FY2018, power sales decreased to 4,787 million units,
21% lower y-o-y mainly due to a temporary coal shortage.
Production Summary
(Unaudited)
|
(In '000
tonnes, except as stated)
|
Particulars
|
Q2
|
Q1
|
H1
|
FY
2018
|
FY
2017
|
%
Change YoY
|
FY
2018
|
%
Change QoQ
|
FY
2018
|
FY
2017
|
%
Change YoY
|
OIL AND
GAS
|
|
|
|
|
|
|
|
|
Average Daily
Total Gross Operated
Production
(boepd)1
|
190,389
|
206,230
|
(8)%
|
196,656
|
(3)%
|
193,505
|
206,342
|
(6)%
|
Average Daily
Gross Operated
Production
(boepd)
|
180,955
|
196,399
|
(8)%
|
187,203
|
(3)%
|
184,062
|
196,629
|
(6)%
|
Rajasthan
|
153,238
|
167,699
|
(9)%
|
159,351
|
(4)%
|
156,278
|
167,323
|
(7)%
|
Ravva
|
17,266
|
18,823
|
(8)%
|
18,361
|
(6)%
|
17,810
|
19,228
|
(7)%
|
Cambay
|
10,452
|
9,877
|
6%
|
9,491
|
10%
|
9,974
|
10,078
|
(1)%
|
Average Daily
Working Interest Production (boepd)
|
115,332
|
125,575
|
(8)%
|
119,473
|
(3)%
|
117,391
|
125,484
|
(6)%
|
Rajasthan
|
107,267
|
117,390
|
(9)%
|
111,546
|
(4)%
|
109,395
|
117,126
|
(7)%
|
Ravva
|
3,885
|
4,235
|
(8)%
|
4,131
|
(6)%
|
4,007
|
4,326
|
(7)%
|
Cambay
|
4,181
|
3,951
|
6%
|
3,796
|
10%
|
3,990
|
4,031
|
(1)%
|
Total Oil and Gas
(million boe)
|
|
|
|
|
|
|
|
|
Oil
& Gas- Gross
|
16.6
|
18.1
|
(8)%
|
17.0
|
(2)%
|
33.7
|
36.0
|
(6)%
|
Oil
& Gas-Working Interest
|
10.6
|
11.6
|
(8)%
|
10.9
|
(2)%
|
21.5
|
23.0
|
(6)%
|
Zinc
India
|
|
|
|
|
|
|
|
|
Mined
metal content
|
219
|
192
|
14%
|
233
|
(6)%
|
452
|
318
|
42%
|
Refined Zinc – Total
|
192
|
150
|
28%
|
194
|
1%
|
386
|
252
|
53%
|
Refined
Zinc – Integrated
|
192
|
149
|
29%
|
194
|
(1)%
|
386
|
250
|
54%
|
Refined
Zinc – Custom
|
-
|
1
|
-
|
-
|
-
|
-
|
2
|
-
|
Refined Lead - Total 2
|
38
|
31
|
24%
|
35
|
9%
|
73
|
55
|
32%
|
Refined
Lead – Integrated
|
38
|
31
|
24%
|
35
|
9%
|
73
|
55
|
32%
|
Refined
Lead – Custom
|
-
|
-
|
|
-
|
|
|
-
|
|
Silver -
Total (in tonnes) 3
|
140
|
107
|
31%
|
115
|
22%
|
255
|
196
|
30%
|
Silver-
Integrated (in tonnes)
|
140
|
107
|
31%
|
115
|
22%
|
255
|
196
|
30%
|
Silver- Custom
(in tonnes)
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Zinc
International
|
42
|
39
|
13%
|
32
|
33%
|
74
|
82
|
(9)%
|
Zinc -Refined
–Skorpion
|
23
|
23
|
0%
|
14
|
66%
|
36
|
47
|
(22)%
|
Mined metal content -
BMM
|
20
|
16
|
23%
|
18
|
8%
|
38
|
35
|
8%
|
IRON ORE (in
million dry metric
tonnes, or as
stated)
|
|
|
|
|
|
|
|
|
Sales
|
0.7
|
0.8
|
(7)%
|
2.3
|
(67)%
|
3.0
|
3.4
|
(12)%
|
Goa
|
0.1
|
0.3
|
(59)%
|
1.9
|
(93)%
|
2.0
|
2.4
|
(18)%
|
Karnataka
|
0.6
|
0.5
|
30%
|
0.4
|
43%
|
1.0
|
1.0
|
3%
|
Production of
Saleable Ore
|
1.2
|
1.5
|
(14)%
|
3.2
|
(62)%
|
4.5
|
4.7
|
(4)%
|
Goa
|
0.4
|
0.5
|
(25)%
|
2.2
|
(82)%
|
2.6
|
2.9
|
(12)%
|
Karnataka
|
0.9
|
0.9
|
(8)%
|
1.1
|
(22)%
|
1.9
|
1.7
|
11%
|
Production ('000,
tonnes)
|
|
|
|
|
|
|
|
|
Pig Iron
|
137
|
192
|
(29)%
|
163
|
(16)%
|
300
|
370
|
(19)%
|
|
Q2
|
Q1
|
H1
|
Particulars
|
FY
2018
|
FY
2017
|
%
Change
YoY
|
FY
2018
|
%
Change
QoQ
|
FY
2018
|
FY
2017
|
%
Change
YoY
|
COPPER –
INDIA
|
|
|
|
|
|
|
|
|
Copper -
Cathodes
|
106
|
97
|
9%
|
90
|
17%
|
197
|
198
|
(1)%
|
Tuticorin
Power Plant Sales (MU)
|
4
|
30
|
(86)%
|
30
|
(91)%
|
34
|
90
|
(62)%
|
ALUMINUM
|
|
|
|
|
|
|
|
|
Alumina-Lanjigarh
|
269
|
292
|
(8)%
|
303
|
(11)%
|
572
|
567
|
1%
|
Total Aluminum
Production
|
401
|
296
|
36%
|
352
|
14%
|
753
|
541
|
39%
|
Jharsuguda-I
|
99
|
132
|
(25)%
|
92
|
7%
|
191
|
261
|
(27)%
|
Jharsuguda-II4
|
157
|
48
|
-
|
120
|
31%
|
277
|
77
|
-
|
Korba-I
|
65
|
63
|
4%
|
63
|
4%
|
128
|
126
|
2%
|
Korba-II5
|
79
|
52
|
51%
|
77
|
3%
|
156
|
77
|
-
|
Balco
270 MW
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Jhasrsuguda 1800 MW
(Surplus Power Sales)
|
-
|
156
|
-
|
-
|
-
|
-
|
511
|
-
|
POWER (in million
units)
|
|
|
|
|
|
|
|
|
Total Power
Sales
|
2,950
|
3,030
|
(3)%
|
1,838
|
61%
|
4,787
|
6,039
|
(21)%
|
Jharsuguda 600 MW
|
93
|
605
|
(85)%
|
564
|
(84)%
|
657
|
1,497
|
(56)%
|
Balco
600 MW
|
132
|
549
|
(76)%
|
551
|
(76)%
|
682
|
1,156
|
(41)%
|
MALCO*
|
0
|
25
|
-
|
4
|
-
|
4
|
115
|
(97)%
|
HZL Wind
Power
|
143
|
172
|
(17)%
|
156
|
(8)%
|
299
|
320
|
(7)%
|
TSPL
|
2,582
|
1,679
|
54%
|
563
|
-
|
3,145
|
2,951
|
7%
|
TSPL
– Availability
|
87%
|
77%
|
-
|
20%
|
-
|
54%
|
75%
|
-
|
Ports – VGCB (in
million tonnes)6
|
|
|
|
|
|
|
|
|
Cargo
Discharge
|
1.1
|
1.3
|
(15)%
|
1.2
|
(12)%
|
2.3
|
2.9
|
(19)%
|
Cargo
Dispatches
|
1.2
|
1.5
|
(24)%
|
1.1
|
(11)%
|
2.3
|
3.0
|
(26)%
|
* Continues to be
under care and maintenance as of 26th May 2017 due to low demand in
Southern India
|
|
|
|
|
|
|
|
|
|
1. Including Internal
Gas consumption
2. Excluding Captive
consumption of 1,634 tonnes in Q2 FY 2018 vs 837 tonnes in Q2 FY
2017 and 1,956 tonnes in Q1 FY2018 with 3,590 tonnes in H1 FY 2018
vs 1,921 tonnes in H1 FY 2017
|
3. Excluding captive
consumption of 8.8 tonnes in Q2 FY2018 as compared with 4.3 tonnes
in corresponding prior period and 10.2 tonnes in previous quarter.
For H1, it was 19.0 tonnes as compared with 9.8 tonnes a year
ago.
|
4. Including trial
run production of 15 kt in Q2 FY 2018 vs 19 kt in Q2 FY 2017 and
19kt in Q1 FY 2018 and 34 kt in H1 FY2018 vs 29 kt in H1 FY
2017
|
5. Including trial
run production of 1 kt in Q2 FY2018 vs 22 kt in Q2 FY2017 and 15 kt
in Q1 FY 2018 and and 16 kt in H1 FY 2018 vs 28 kt in H1 FY
2017
|
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
Ashwin Bajaj
Director – Investor Relations
Tel: +91-22-6646-1531
vedantaltd.ir@vedanta.co.in
Aarti Raghavan
VP – Investor Relations
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, 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 2017, please
visit
http://sd.vedantaresources.com/SustainableDevelopment2016-17/
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.