Vedanta reports 3% increase in aluminium production in Q1FY23
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Vedanta has reported a 3 per cent increase in its aluminium production to 5,65,000 tonnes in the April-June quarter of the ongoing fiscal (Q1FY23). The company had produced 5,49,000 tonnes of aluminium in the corresponding quarter of the previous fiscal.
Mined metal production at Zinc India increased by 14 per cent to 2,52,000 tonnes due to higher ore production across all the mines and supported by better mill recovery. The production of saleable iron ore in Karnataka in the first quarter declined by 14 per cent to 1.26 million tonnes over 1.46 MT on account of heavy rainfall which impacted ore handling. The company's total production of saleable steel declined by 7 per cent to 2,69,000 tonnes over 2,89,000 tonnes in the year-ago period. It achieved 14 per cent rise in ore production to 1,40,000 tonnes in the Q1 FY23, over the corresponding quarter of previous fiscal.
Vedanta is a diversified natural resources company, whose business primarily involves producing oil and gas, zinc- lead-silver, copper, iron ore, aluminium and commercial power.
