On Thursday, April 4, India's diversified natural resources firm Vedanta Limited announced its Q4 FY2024 and full-year operational results, revealing both aluminium and alumina output volume.
Aluminium production
Vedanta said its aluminium production in Q4 FY2024, which ended March 31, stood at 598,000 tonnes, reflecting a 4 per cent year-on-year increase from 574,000 tonnes.
However, on a quarter-on-quarter calculation, Vedanta's aluminium production in Q4 FY2024 recorded a slight dip of 1,000 tonnes from 599,000 tonnes, the highest quarterly output ever.
Nevertheless, Vedanta's total aluminium production in FY2024 grew annually by 3 per cent from 2.291 million tonnes to 2.37 million tonnes.
The Group stated today that it aims to increase its aluminium production capacity to 3 million tonnes per annum from 2.37 million tonnes.
Alumina production
Vedanta declared that its alumina production at the Lanjigarh refinery unit in Odisha increased by 18 per cent to 448,000 tonnes. During the same period last year, Vedanta's alumina output was 411,000 tonnes.
To further enhance its alumina production capacity, Vedanta Aluminium reported commissioning an additional 1.5 million tonnes of annual alumina capacity at Lanjigarh refinery. Earlier, the unit's refining capacity was 2 million tonnes per annum, and now, with the addition of a new capacity, it has increased to 3.5 million tonnes, said Vedanta Aluminium in a statement.
Vedanta is thus close to two-third of its nameplate capacity of 5 million tonnes at the Lanjigarh refinery.
Vedanta's stock price
Following the announcement of the annual production report, Vedanta Ltd's stock price hit 52-week high in early deals. The shares of Anil Agarwal-led firm rose 4.67 per cent to INR 312.50 in early deals. If compared to the past five years, Vedanta's stock climbed 61.9 per cent.
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