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16 JANUARY 2017 AL CIRCLE

Vedanta Limited reports 37% YOY growth in aluminium production in Q3 FY2017

EDITED BY : BEETHIKA BISWAS 3MINS READ

Vedanta Limited has published the production Release for the Third Quarter and Nine months ended 31st December 2016.

The metal and mining major continued ramp up of Jharsuguda-II and BALCO-II smelters. The company commenced the ramp up of the third line of the 1.25 mtpa Jharsuguda-II smelter in December 2016. The company secured supply of coal from the 6mtpa coal linkages during mid-2016.  

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Commenting on the result, 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 first line of the 1.25 mtpa Jharsuguda-II smelter was impacted by a transformer failure incident. The company is continuing the repairing work and 80 pots out of the total 336 pots are currently running. About 329 pots of the 336 pots commissioned in the second line. The balance pots of the line will be commissioned very soon. The ramp up of the third line of the smelter has started in end December 2016.

BALCO-II smelter had been impacted by a pot failure incident during Q2. 200 pots of the 336 pots are currently operational and the ramp-up of the smelter would be complete by the end of Q4 FY2017. The rolled product facility at BALCO resumed its operations in Q2 FY2017 following optimisation of its cost structure, and produced 6,100 tonnes during 3rd quarter. 

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Aluminium production for Q3 FY2017 was 319,000 tonnes, which registered a growth of 37% YOY and an 8% growth from the last quarter.

The two running streams of the Lanjigarh refinery produced 328,000 tonnes in Q3 FY2017 registering a 12% growth from Q2 FY2017. The refinery currently has an annual debottlenecked capacity of 1.7 - 2.0 million tonnes.

There were no sales from the 1,800 MW Jharsuguda power plant, but it is expected to increase with the ramp up of the Jharsuguda-II smelter.

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Coal linkages of 6mtpa were secured through auctions in Q2 FY2017 for captive power plants with the supply commencing in November 2016. The company expects to produce between 1 to 1.1 mtpa of Aluminium (excluding trial run production) in FY2017.

Aluminium production for the first nine months was a record at 860,000 tonnes, which registered a growth of 23% YOY driven by 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. 


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EDITED BY : BEETHIKA BISWAS 3MINS READ

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