Vedanta surges on reporting 1.01% growth in aluminium production during FY23
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Vedanta is currently trading at Rs. 284.65, up by 2.25 points or 0.80% from its previous closing of Rs. 282.40 on the BSE.
The scrip opened at Rs. 284.10 and has touched a high and low of Rs. 284.65 and Rs. 280.25 respectively. So far 568860 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. 284.95 and Rs. 272.95 respectively. The current market cap of the company is Rs. 105382.59 crore.
The promoters holding in the company stood at 69.69%, while Institutions and Non-Institutions held 19.01% and 11.31% respectively.
Vedanta has posted highest ever aluminium production at 22.91 lakh tonnes during 2022-23 (FY23), marginally up by 1.01 per cent from 22.68 lakh tonnes in the preceding fiscal. Its high refined metal production rose 7 per cent to 10.32 lakh tonnes in the last fiscal. The company had produced 9.67 lakh tonnes of saleable metals, which include refined zinc, refined lead and silver integrated, in 2021-22.
The production of zinc from international business rose 22 per cent year-on-year to 2.73 lakh tonnes. In the oil & gas business, the company's average gross operated production across assets was at 1,42,615 boepd (barrels of oil equivalent per day).
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.
