Breaking News

You are here » Indian-Commodity  :  Top News  :  Vedanta reports 44% rise in aluminium production in April-June quarter

28-Jul2017

Vedanta reports 44% rise in aluminium production in April-June quarter

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.


Related News

View all news

Gold futures end slightly lower on Thursday

Gold futures ended slightly lower on Thursday, as dollar index marked gain for the week amid US-China trade talks. However, weaker than expected economic data from the United States trimmed the......

Copper futures end tad higher on strong China trade data

Copper futures ended marginally higher on Thursday after better-than-expected China trade data, while investors awaited the outcome of high-level Sino-US trade talks in Beijing. Unwrought copper imports......

Physical Rubber prices witness some improvement on Thursday

Physical Rubber prices showed some improvement on Thursday. Spot prices for RSS-4 variety remained unchanged at Rs 123.50/kg; while the RSS-5 variety jumped to 116.50/ kg compared to its previous closing......

Top News

View all news

Kridhan Infra's arm bags order worth $36 Million

Kridhan Infra's (KIL) Singapore subsidiary -- KH Foges has bagged a new order in Singapore worth $36 Million (Rs 187 Crore). The subsidiary has been contracted to execute Piling Works & Earthworks......

Bharti Airtel upgrades 4G network in Mumbai

Bharti Airtel has upgraded 4G network in Mumbai, with the deployment of 'LTE 900 technology' that will enhance indoor network coverage and improve network experience for customers.With the roll-out of......

Refex Industries to raise Rs 25 crore via Rights Issue

Refex Industries has received approval to raise of funds by way of offer and issue of Equity Shares to the Members of the Company on Rights Issue at such price and rights entitlement ratio for an amount......