Vedanta shines as its aluminium production increases by 2% to 584,000 tonnes in Q2FY23
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Vedanta is currently trading at Rs. 276.70, up by 8.40 points or 3.13% from its previous closing of Rs. 268.30 on the BSE.
The scrip opened at Rs. 278.00 and has touched a high and low of Rs. 280.85 and Rs. 274.50 respectively. So far 101763 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 440.75 on 11-Apr-2022 and a 52 week low of Rs. 206.10 on 01-Jul-2022.
Last one week high and low of the scrip stood at Rs. 280.85 and Rs. 255.30 respectively. The current market cap of the company is Rs. 99732.45 crore.
The promoters holding in the company stood at 69.69%, while Institutions and Non-Institutions held 20.25% and 10.06% respectively.
Vedanta’s aluminium production has increased by 2 per cent to 5,84,000 tonnes in the second quarter of the ongoing fiscal (Q2FY23). The company's aluminium production in the corresponding quarter of FY22 stood at 5,70,000 tonnes. The mined metal output at Zinc India during the July-September quarter also went up by 3 per cent to 2,55,000 tonnes over 2,48,000 tonnes in the same period of the previous fiscal.
First half mined metal production at 507,000 tonnes was higher by 8 per cent YoY, on account of increase in ore production, further supported by better grades and improved operational efficiency. The production of finished steel also went up by 11 per cent to 3,25,000 tonnes, from 2,93,000 tonnes in the year-ago quarter. The total power sale increased to 3,615 million units (MU), compared to 2,905 MU in the second 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.
