Vedanta Resources updates on production of aluminium
The Jharsuguda-I and Korba-II smelters operated above their rated capacities, with significant improvement in specific power consumption and throughput at Jharsuguda-I. Aluminium production was 30% higher at 197,000 tonnes in Q2 and 18% higher at 382,000 tonnes in H1. Total production of value added products was 11% higher at 215,000 tonnes in H1. Power sales at BALCO 270MW were lower in Q2 and H1 due to lower demand.
Due to a delay in obtaining regulatory approvals, the first 300MW unit of the BALCO 1,200 MW captive power plant is now expected to be synchronized in the current quarter. Thereafter we plan to tap the first metal at the 325 kilo tonne per annum Korba-III aluminium smelter in Q4 FY2013. For the 211 MT coal block at BALCO, we are progressing well towards obtaining the second stage forest clearance and thereafter we intend to commence mining this year.
Meridian Energy plans to sell its Manapouri power station electricity if Tiwai shuts down
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