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04 JANUARY 2023 AL CIRCLE

Vedanta Limited reports a 2% Q-o-Q drop in aluminium production for 3QFY23

EDITED BY : DEBANJALI SENGUPTA 1MINS READ

On Tuesday, January 3, Vedanta Limited announced its aluminium production recorded a drop of 2 per cent over a quarter to stand at 566,000 tonnes in the third quarter of the current financial year. In Q2 FY2023, Vedanta’s aluminium output was 584,000 tonnes, reflecting a 2 per cent rise sequentially.

Vedanta Limited reports a 2% Q-o-Q drop in aluminium production for 3QFY23

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During Q3 FY2022, Vedanta’s aluminium output was 579,000 tonnes, meaning the company’s metal production edged lower Y-o-Y in Q3 FY23.

Vedanta’s alumina production at the Lanjigarh refinery decreased 6 per cent year-on-year and 2 per cent quarter-on-quarter reaching at 443,000 tonnes in Q3. Vedanta said that in a filing to BSE, explaining maintenance activities in calciners was the reason for the downfall.

Future of the Global Aluminium Castings Industry

But the production of other metals like zinc and iron ore registered a growth on the quarter. At Zinc India, the mined metal production grew 1 per cent to 254,000 tonnes, while the output of saleable iron ore in Karnataka rose 17 per cent to 1.5 million tonnes.


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EDITED BY : DEBANJALI SENGUPTA 1MINS READ

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