Vedanta Q1 Update: Aluminium, iron ore, zinc production up 1-3%, oil & gas output down 17%

Vedanta Ltd connected Wednesday, July 3, reported a emergence successful accumulation of aluminium, zinc, robust ore and alloy successful the April-June 4th of fiscal 2024-25 (FY25). However, the metals-to-mining conglomerate reported a emergence successful the accumulation of mined metallic overseas, portion lipid and state output dropped during the quarter.

The Anil Agarwal-led conglomerate said successful a regulatory filing to the banal exchanges that the aluminium output grew 3 per cent to 5,96,000 tonnes successful the archetypal 4th implicit the year-ago period. At Zinc India, the saleable metallic output grew to 2,62,000 tonnes implicit 2,60,000 tones.

While astatine Zinc International the mined metallic output dropped to 38,000 tonnes, implicit 68,000 tonnes successful the archetypal 4th of FY24. Meanwhile, lipid and state output dropped 17 per cent to 112,400 mean regular gross operated accumulation (boepd) during the 4th from 134,900 boepd a twelvemonth earlier.

The accumulation of saleable robust ore roseate to 1.3 cardinal tonnes implicit 1.2 cardinal tonnes successful the year-ago period. The full saleable alloy accumulation roseate 10 per cent to 3,56,000 tonnes and powerfulness income roseate 13 per cent to 4,791 cardinal units from 4,256 cardinal units successful the April-June play of the past fiscal year.

Vedanta Ltd, a subsidiary of Vedanta Resources Ltd, is 1 of the world's starring earthy resources companies spanning crossed India, South Africa, Namibia, Liberia, the UAE, Korea, Taiwan, and Japan with important operations successful lipid and gas, zinc, lead, silver, copper, robust ore, steel, nickel, aluminium and power.

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