
Vedanta Resources has published production results for the second quarter and half year ended 30th September 2018. The company reported record quarterly aluminium production at 494,000 tonnes in Q2 FY2019, registering a growth of 23% YoY and 3% higher QoQ. This was attributed to production ramp up at the Jharsuguda-I smelter which was completed in Q3 FY2018 and ongoing ramp-up of Jharsuguda II smelter.

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 which excludes trial run production stood at 476,000 tonnes in Q2 FY2019.
In H1 FY2019, aluminium production increased 30% YoY to 976,000 tonnes. The growth was primarily driven by the ramp 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.
Vedanta said 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. The company is in discussion with Coal India to improve materialisation of existing linkages and e-auction coal availability.
Responses







