Vedanta's aluminium production rises 21% yoy in Q2FY22; stock zooms 2%

Alumina production was 993,000 tonnes in H1 FY22, 6% higher y-o-y and Aluminium production was 1,118,000 tonnes in H1 FY22, 19% higher yoy.

Oct 05, 2021 02:10 IST India Infoline News Service

Vedanta said that its total aluminium production grew 21% to 5,70,000 tonnes in Q2 FY22 compared with 4,73,000 tonnes in Q2 FY21.

The Lanjigarh refinery produced 511,000 tonnes of alumina in Q2 FY22, 6% higher as compared to Q1 FY22 and 11% higher as compared to Q2 FY21. The Lanjigarh refinery continues to operate at over 2.0 Mtpa production run rate. We continued to receive bauxite from The Odisha Mining Corporation as per the LongTerm Linkage.

The cast metal aluminium production (including trial run) at our smelters in Jharsuguda and BALCO stood at 570,000 tonnes in Q2 FY22, higher 4% as compared to Q1 FY22 and 21% in comparison to Q2 FY21 mainly due to ramp up of pots.

The stock is currently trading at Rs303.50 up by Rs5.1 or 1.71% from its previous closing of Rs298.40 on the BSE. The scrip opened at Rs299.95 and has touched a high and low of Rs307.90 and Rs299 respectively. 

Alumina production was 993,000 tonnes in H1 FY22, 6% higher y-o-y and Aluminium production was 1,118,000 tonnes in H1 FY22, 19% higher you.

Mined metal production for Q2 FY22 was 248,000 tonnes, up 4% as compared to Q2 FY21 on account of higher ore production at Rampura Agucha, Sindesar khurd & Zawar mines supported by improvement in recovery, which has been partly offset by lower mining grades. In comparison to Q1 FY22, it is up by 12%, mainly due to higher ore production at Sindesar Khurd and improvement in mining grade & recovery.

Integrated metal production was 209,000 tonnes for Q2 FY22, down 12% as compared to both Q2 FY21 & Q1 FY22 on account of extended shutdown at one of the roasters in Chanderiya Smelter for repairs & overhaul of structural components. Integrated zinc production was 162,000 tonnes, down 10% as compared to Q2 FY21 and down by 14% as compared to Q1 FY22. Integrated lead production was 47,000 tonnes for Q2 FY22, down 18% as compared to Q2 FY21 on account of annual shutdown at Dariba Lead Smelters and down 4% as compared to Q1 FY22. Integrated saleable silver production was 4.9 moz (152 MT), down 25% as compared to Q2 FY21 in line with lower lead production & depletion of WIP in Q2 FY21 & down 5% as compared to Q1 FY22.

Related Story

Open Free Demat Account (Rs699)
Open ZERO Brokerage Demat Account

  • 0

    Delivery Brokerage for Lifetime

  • 20

    Per order for Intraday, F&O, Currency & Commodity