Vedanta has reported 44% rise in aluminium production in the April-June quarter. Total aluminium output in the quarter was 0.35 million tonnes despite pot outages at the company's Jharsuguda smelting unit. The production hike came on the back of capacity ramp-ups at the Jharsuguda-II and Balco-II smelters.
The Balco-II smelter was ramped up and capitalised during the quarter. Aluminium production was flat quarter-on-quarter, as the continued ramp up at Jharsuguda-II and Balco-II was offset by lower production from the Jharsuguda-I smelter due to the pot outage in early April 2017.
Out of the 228 pots impacted at the Jharsuguda smelter in April, 35 pots have been operational. The balance pots are expected to restart by the third quarter of this financial year. Vedanta exited the June quarter with a run rate of 1.4 million tonnes per year. Alumina production at Lanjigarh refinery in the quarter too was up 10 per cent at 0.3 million tonnes.
Vedanta is an India-based global diversified natural resources company with operations across zinc, lead, silver, oil and gas, iron ore, copper, aluminum and commercial power. The company operates through segments, including Copper, Aluminium, Iron Ore, Power and Others.