Vedanta Limited Production Release for the Second Quarter and Half Year Ended 30th September 2018
MUMBAI, India, Oct. 12, 2018 /PRNewswire/ --
Highlights
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Operations
Zinc India:
-- Mined metal production at 232kt, up 6% y-o-y; Underground production up
44% y-o-y
-- Refined lead metal production at 49kt, up 30% y-o-y
-- Record refined silver production at 172 MT, up 23% y-o-y
Zinc International:
-- Trial production of concentrate at Gamsberg has commenced in end
September
-- Total production for Q2 FY2019 was 28kt, lower by 34% y-o-y due to lower
than planned zinc grades at Skorpion and planned prioritisation of mine
development at BMM
Oil & Gas:
-- Average gross production of 186 kboepd for Q2 FY2019, up 3% y-o-y
-- 7 development drilling rigs in Rajasthan; 32 wells drilled till date
Iron ore:
-- Goa operations remain suspended due to statewide directive from the
Supreme Court; continue to engage with the Government for resumption of
mining operations
-- Production of saleable ore at Karantaka at 1.4 million tonnes, up 56%
y-o-y
-- Production of Pig Iron at 173kt, up 26% y-o-y
Steel:
-- Steel production at 285kt for Q2 FY2019, up 16% y-o-y
-- Exited Q2 FY2019 at a monthly run rate of 1.3 mtpa
Copper India:
-- Review by the independent committee of the National Green Tribunal in
progress
Aluminium:
-- Record quarterly aluminium production at 494kt, up 23% y-o-y
-- Alumina production from Lanjigarh refinery at 348kt, up 30% y-o-y
Power:
-- 1,980 MW TSPL plant achieved availability of 94% in Q2 FY2019
Zinc India
Particulars
(in'000 tonnes,
or as stated) Q2 Q1 Half Year
---
FY 2019 FY 2018 % Change YoY FY 2019 % Change QoQ FY 2019 FY 2018 % Change YoY
---
ZINC INDIA
---
Mined metal content 232 219 6% 212 10% 444 452 (2)%
---
Integrated metal 212 230 (8)% 214 (1%) 425 459 (7%)
---
Refined Zinc -
Integrated 162 192 (16)% 172 (5)% 334 386 (13)%
---
Refined Lead -
Integrated(1) 49 38 30% 42 17% 91 73 25%
---
Silver- Integrated
(in MT)(2) 172 140 23% 138 25% 310 255 22%
---
Q2 FY2019 vs. Previous Quarters
Mined metal production from underground mines was at an all-time high of 232,000 tonnes, up 44% y-o-y and 10% q-o-q driven by 33% y-o-y increase in ore production. Total mined metal production increased by 6% y-o-y and 10% q-o-q after the closure of open-cast operations last year.
Integrated metal production was 212,000 tonnes, down 8% y-o-y and flat q-o-q . Integrated zinc production was down 16% y-o-y and 5% q-o-q to 162,000 tonnes due to temporary mismatch in zinc mined metal availability even as mine production ramped up towards the latter half of the quarter. Integrated lead production jumped by 30% y-o-y and 17% q-o-q to 49,000 tonnes. The pyro metallurgical smelter was retrofitted to produce more lead metal, considering the higher availability of lead mined metal, leading to higher lead production. Integrated silver production was a record 172 MT, up 23% y-o-y and 25% q-o-q on account of higher lead production and higher Sindesar Khurd mine production and better silver grades.
Projects Update
-- Capital mine development remained unchanged y-o-y at 9.8 km during the
quarter and increased by 9% to 20.2 km in H1 FY2019.
-- Rampura Agucha underground mine continued to maintain a high total
development rate at 5.3 km during the quarter. The mined metal
production increased by 94% y-o-y and 35% q-o-q to 96,000 tonnes. Mid
shaft loading system was commissioned at the end of quarter, allowing
waste hoisting to be done through shaft ahead of schedule. This will
help to improve volumes until the off shaft is fully commissioned. Off
shaft development is on track and commercial production from main shaft
is expected to start from Q4 FY2019.
-- Sindesar Khurd mine achieved 5.2 km total development during the
quarter. The production shaft work is progressing well with winders
commissioned in manual mode and material hoisting from shaft is expected
to start in Q3 FY2019. The new 1.5 mtpa mill is expected to be
commissioned in Q3 FY2019.
-- At Zawar, civil and erection works of the new 2 mtpa mill is on track
and expected to commission by Q4 FY2019. The fumer project at Chanderiya
is expected to commission in Q3 FY2019.
-- Planning for the next phase of expansion from 1.2 to 1.35 mtpa mined
metal capacity announced in April 2018 is underway
H1 FY2019 vs. H1 FY2018
Mined metal production from underground mines for H1 FY2019 was 444,000 tonnes, 27% higher from a year ago even as the closure of open-cast operations caused total mined metal production to decline by 2% y-o-y.
Integrated metal production was 425,000 tonnes, down 7%. Integrated lead and silver production were at 91,000 tonnes and 310 MT, higher y-o-y by 25% and 22% respectively driven by higher lead mined metal production and better silver grades. Integrated zinc production was lower y-o-y by 13% in line with the availability of zinc mined metal.
Zinc - International
Particulars (in'000 tonnes,
or as stated) Q2 Q1 Half Year
---
FY 2019 FY 2018 % Change YoY FY 2019 % Change QoQ FY 2019 FY 2018 % Change YoY
---
ZINC INTERNATIONAL 28 42 (34)% 25 11% 54 74 (28)%
---
Zinc -refined -Skorpion 15 23 (35)% 10 42% 25 36 (31)%
---
Mined metal content -BMM 13 20 (32)% 15 (11)% 29 38 (25)%
---
Q2 FY2019 vs. Previous Quarters
Total production for Q2 FY2019 was 28,000 tonnes, lower by 34% y-o-y and higher by 11% q-o-q.
Production at Skorpion during the quarter was 15,000 tonnes, 35% lower y-o-y due to lower than planned zinc grades and hence lower recoveries and 42% higher q-o-q due to annual shutdown in Q1 FY 2019. Production in H2 FY2019 is forecasted to increase due to higher planned ore grade and fully ramped up ore production from Pit 112. The pre-stripping of Pit 112 continues in the second year of the project. Over 65% of waste pre-stripping has been completed with full completion expected by Q4 FY2019.
Production at BMM was 13,000 tonnes, 32% lower y-o-y and 11% lower q-o-q. This was due to planned prioritisation of mine development in H1 FY2019 to provide for flexibility for ore mining and blending in H2 FY2019.
At Gamsberg, 100% of pre-stripping with 68 million tonnes of waste excavation has been completed in July 2018, as per the plan. 750,000 tonnes of ore stockpile has been built ahead of the plant feed. The crusher has been fully commissioned and enough crushed ore stockpile has been built. The milling area (sag mills/ball mills), water and power infrastructure and the tailings storage facility have been fully commissioned. First ore was fed through the concentrator plant in September 2018 and the trial concentrate production has commenced in end September post commissioning of floatation. The operations team has already been fully mobilised. We now expect the ramp up to full mill capacity in 9-12 months.
H1 FY2019 vs. H1 FY2018
During H1 FY2019, total production was at 54,000 tonnes, lower by 28% y-o-y on account of a planned shutdown of the acid plant at Skorpion during Q1 FY2019 and due to lower than planned zinc grades and hence lower recoveries at both Skorpion and BMM. With the fully ramped up Skorpion mine, feed to refinery will be maximised and the grade is expected to be higher than 8% against H1 FY2019 grade of ~6%.
Oil & Gas
Particulars
Q2 Q1 Half Year
---
FY 2019 FY 2018 % Change YoY FY 2019 % Change QoQ FY 2019 FY 2018 % Change YoY
---
OIL AND GAS
---
Average Daily Gross
Operated Production
(boepd) 185,926 180,955 3% 194,986 (5)% 190,431 184,062 3%
---
Rajasthan 155,194 153,238 1% 164,040 (5)% 159,593 156,278 2%
---
Ravva 13,496 17,266 (22)% 14,217 (5)% 13,855 17,810 (22)%
---
Cambay 17,236 10,452 65% 16,729 3% 16,984 9,974 70%
---
Average Daily Working
Interest Production
(boepd) 118,748 115,332 3% 124,807 (5)% 121,761 117,391 4%
---
Rajasthan 108,636 107,267 1% 114,828 (5)% 111,715 109,395 2%
---
Ravva 3,037 3,885 (22)% 3,199 (5)% 3,117 4,007 (22)%
---
Cambay 6,894 4,181 65% 6,692 3% 6,794 3,990 70%
---
KG-ONN 181 89 135
---
Total Oil and Gas
(million boe)
---
Oil & Gas- Gross 17.1 16.6 3% 17.7 (4)% 34.8 33.7 3%
---
Oil & Gas-Working
Interest 10.9 10.6 3% 11.4 (4)% 22.3 21.5 4%
---
Q2 FY2019 vs. Previous Quarters
Average gross operated production during Q2 FY2019 across our assets was 185,926 barrels of oil equivalent per day (boepd), up 3% y-o-y. The increase in volume was primarily due to the infill wells in Mangala and Cambay, new wells brought online as part of Bhagyam and Aishwariya EOR campaign and production optimization activities carried out across assets.
Average gross operated production was lower 5% q-o-q mainly due to the natural field decline. Efforts well advanced to off-set this impact. All our assets recorded an uptime of over 99%.
Gross production from the Rajasthan block averaged 155,194 boepd for the quarter, 1% higher y-o-y and 5% lower q-o-q. 32 wells have been drilled as part of the growth projects and 8 wells have been brought online. Gross production from Development Area-1 (DA-1), Development Area-2 (DA-2) and Development Area-3 (DA-3) averaged 136,658 boepd, 17,922 boepd and 614 boepd respectively.
Gas production from Raageshwari Deep Gas (RDG) averaged 47.1 million standard cubic feet per day (mmscfd) in Q2 FY2019, with gas sales, post captive consumption, at 29.6 mmscfd.
The Ravva block produced at an average rate of 13,496 boepd for the quarter, lower by 22% y-o-y and 5% q-o-q primarily due to the natural field decline.
The Cambay block produced at an average rate of 17,236 boepd for the quarter, up by 65% y-o-y and 3% q-o-q supported by the gains realized from infill wells campaign completed in Q1 FY2019.
Key upcoming project milestones
-- MBA Infill, EOR Polymer and ASP Project: 29 wells have been drilled till
date. Of these 8 wells are already online, 26+ wells will be online by
Q3 FY2019 and 50+ wells online by Q4 FY2019. ASP surface facilities
activities contract to be awarded by Q3 FY2019.
-- Gas production to increase substantially during the year: - GIGL
pipeline nearing completion. Facility debottlenecking shall enable
increase in gas volumes by Q3 FY2019 - Early gas production
facility shall double the gas production by Q4 FY2019 - Tight Gas
(RDG): 1 well drilled. Hydraulic fracturing activity commenced in
existing wells.
-- Tight Oil (ABH): 2 wells have been drilled. Hydraulic fracturing
activity is scheduled to commence in Q3 FY 2019. First Oil on track for
Q3 FY2019. 10+ wells online by Q4 FY2019.
-- Liquid handling facility upgradation progressing as per plan to handle
incremental volume.
-- Tight Oil Appraisal fields: The appraisal for 4 tight oil fields to
commence in Q3 FY2019.
Exploration
-- OALP: Bids were submitted for all 55 exploration blocks offered in
OALP-1 round. Secured 41 blocks for which the revenue sharing contracts
have been signed.
-- KG Offshore: The first Exploration well has been drilled and tested with
flow of gas. A new hydrocarbon discovery has been declared. The drilling
of the second exploration well is scheduled for drilling in Q4 FY 2019.
-- RJ Exploration: 7-18 exploration and appraisal wells drilling campaign
to start in Q3 FY2019 to build on the resource portfolio.
H1 FY2019 vs. H1 FY2018
Average gross production across our assets was 3% higher y-o-y at 190,431 boepd. Production from Rajasthan block was 159,593 boepd, 2% higher y-o-y resulting from the gains of the Mangala infill campaign and prudent reservoir management practices. Production from the offshore assets, was at a combined 30,838 boepd, higher by 11% y-o-y, due to the gains from Cambay infill campaign partially offset by the natural field decline.
Iron Ore
Particulars (in
million dry
metric tonnes,
or as stated) Q2 Q1 Half Year
---
FY 2019 FY 2018 % Change YoY FY 2019 % Change QoQ FY 2019 FY 2018 % Change YoY
---
IRON ORE
---
Sales 0.4 0.7 (51)% 1.4 (74)% 1.8 3.0 (41)%
---
Goa 0.1 0.1 (14)% 1.0 (89)% 1.2 2.0 (42)%
---
Karnataka 0.2 0.6 (59)% 0.4 (31)% 0.6 1.0 (41)%
---
Production of
Saleable Ore 1.4 1.2 16% 1.4 (1)% 2.8 4.5 (38)%
---
Goa 0.4 0.2 0.2 2.6 (91)%
---
Karnataka 1.4 0.9 56% 1.2 19% 2.6 1.9 36%
---
Production ('000
tonnes)
---
Pig Iron 173 137 26% 167 4% 339 300 13%
---
Q2 FY2019 vs. Previous Quarters
There was no production at Goa due to suspension of mining pursuant to the Hon'ble Supreme Court judgement dated 7 February 2018 directing mining operations of all companies in Goa to stop with effect from 16 March 2018. We continue to engage with the Government for resumption of mining operations.
At Karnataka, production was 1.4 million tonnes, 56% higher y-o-y and 19% higher q-o-q. Sales were at 0.2 million tonnes due to muted e-auction sales.
Pig iron production was at 173,000 tonnes, 26% higher y-o-y and 4% higher q-o-q.
H1 FY2019 vs. H1 FY2018
At Karnataka, production was higher y-o-y at 2.6 million tonnes due to an increase in mining cap from 2.3 MT to 4.5 MT. Sales were lower y-o-y at 0.6 million tonnes due to muted e-auction sales. Production of Pig Iron increased to 339,000 tonnes in H1 FY2019, 13% higher mainly due to lower metallurgical coke availability on account of weather related supply disruptions in Australia in Q1 FY2018 and local contractors' strike in Q2 FY2018.
Steel
Particulars
(in'000 tonnes,
or as stated) Q2 Q1 Half Year
---
FY 2019 FY 2018 % Change YoY FY 2019 (June) FY 2019 % Change QoQ FY 2019 FY % Change YoY
2018
---
STEEL(3)
---
Production 285 247 16% 71 242 18% 527 485 9%
---
Pig Iron 45 41 9% 3 14 59 80 (26)%
---
Billet 4 13 (72)% 1 3 7% 7 23 (70)%
---
TMT Bar 106 62 72% 25 90 18% 196 144 36%
---
Wire Rod 110 103 7% 29 98 12% 208 182 14%
---
Ductile Iron
Pipes 20 28 (26)% 13 37 (44)% 57 57
---
(3) June 2018 was the first full month post Vedanta Limited's 90% acquisition of ESL. Previous period numbers are memorandum information for the purpose of performance evaluation of the Company
Vedanta Limited completed the acquisition of 90% share capital of Electrosteel Steels Limited (ESL) on 4 June 2018, following which we will be consolidating the financials of ESL for a 10 month period in FY2019. ESL has steelmaking design capacity of 2.5 mtpa in Bokaro, Jharkhand with blast furnace/basic-oxygen-furnace technology.
Total production for the quarter was 285,000 tonnes, 16% higher y-o-y and 18% higher q-o-q as a result of improved availability of raw material, restarting of 0.4 Mt Blast Furnace-3 from August 2018, as well as, improved plant availability and utilisation. In line with our stated priorities to stablise production and ramp up to 1.5 mtpa, we exited at a monthly run rate of 1.3 mtpa.
Copper - India
Particulars
(in'000
tonnes, or as
stated) Q2 Q1 Half Year
---
FY 2019 FY 2018 % Change YoY FY 2019 % Change QoQ FY 2019 FY 2018 % Change YoY
---
COPPER- INDIA
---
Copper -
Cathodes 15 106 (86)% 24 (37)% 40 197 (80)%
---
Tuticorin Power
Sales (MU) 4 34
---
Smelting operations at Tuticorin have been halted since end March. The Company has appealed before the National Green Tribunal (NGT), Principal Bench. Hearing the appeal, the NGT has referred the matter to an Independent Committee which will go through the reports produced on the issue of environmental compliance. We expect the Independent Committee to take a decision in Q3 FY2019.
Our Silvassa refinery and wire rod plant continues to operate. This enables us to cater our domestic market.
Aluminium
Particulars(in'000
tonnes, or as
stated) Q2 Q1 Half Year
---
FY 2019 FY 2018 % Change YoY FY 2019 % Change QoQ FY 2019 FY 2018 % Change YoY
---
ALUMINIUM
---
Alumina-
Lanjigarh 348 269 30% 325 7% 673 572 18%
---
Total Aluminum
Production 494 401 23% 482 3% 976 753 30%
---
Jharsuguda-I 137 99 39% 136 1% 273 191 43%
---
Jharsuguda-II4 216 157 37% 204 6% 420 277 51%
---
BALCO-I 64 65 (2)% 64 (1)% 128 128
---
BALCO-II5 78 79 (2)% 77 1% 155 156 (1)%
---
Q2 FY2019 vs. Previous Quarters
The Lanjigarh refinery produced 348,000 tonnes of alumina in Q2 FY2019, 30% higher y-o-y due to debottlenecking and Odisha bauxite sourcing from Odisha Mining Corporation (OMC). This was 7% higher q-o-q due to Odisha bauxite sourcing from OMC. Improved captive alumina production and indigenous bauxite are key in our efforts to drive the aluminium costs lower.
Aluminium production in Q2 FY2019 was at 494,000 tonnes, up 23% y-o-y as a result of ramp up at the Jharsuguda-I smelter which was completed in Q3 FY2018 and ongoing ramp-up of Jharsuguda II smelter. The production was 3% higher q-o-q. At Jharsuguda II, Line 3 has progressively ramped up with 303 out of 336 pots operational by quarter end as compared to 245 pots at the end of Q1 FY2019. Line 4 continues to be under evaluation. Stabilised aluminium production (i.e. production excluding trial run) was 476,000 tonnes in Q2 FY2019.
Continued demand-supply imbalance in domestic coal resulted in coal price increase and disruptions in domestic coal availability for the captive power plants during the quarter. This resulted in power import in the Aluminium segment. Coal procurement continues to be a key focus area for management. We are engaging with Coal India to improve e-auction coal availability and materialisation of existing linkages. Additional eligible quantities are being secured in the on-going Tranche IV auction with materialisation expected from Q4 FY2019. This will improve coal availability and therefore help to drive costs down.
H1 FY2019 vs. H1 FY2018
Aluminium production increased to 976,000 tonnes in H1 FY2019, 30% higher y-o-y, mainly on account of the ramp up of Jharsuguda I smelter which was completed in Q3 FY2018 post the April 2017 outage and the ongoing ramp up of additional pots at Jharsuguda II. Alumina production was 673,000 tonnes, 18% higher y-o-y.
Power
Particulars (in
million units)
Q2 Q1 Half Year
---
FY
2019 FY 2018 % Change YoY FY 2019 % Change QoQ FY 2019 FY 2018 % Change YoY
---
Power
---
Total Power
Sales 3,514 2,950 19% 3,315 6% 6,830 4,787 43%
---
Jharsuguda 600
MW 124 93 35% 164 (24)% 289 657 (56)%
---
TSPL 2,725 2,582 6% 2,355 16% 5,081 3,145 62%
---
BALCO 600 MW 480 132 656 (27)% 1,137 682 67%
---
MALCO* 0 4
---
HZL Wind Power 185 143 29% 139 33% 324 299 8%
---
TSPL -
Availability 94% 87% 91% 93% 54%
---
*continues to be under care and maintainance as of 26(th) May 2017 due to low demand in Southern India
Q2 FY2019 vs. Previous Quarters
During Q2 FY2019, power sales were 3,514 million units. TSPL power sales were 2,725 million units with 94% availability. At TSPL, the Power Purchase Agreement with the Punjab State Electricity Board compensates us based on the availability of the plant.
The 600MW Jharsuguda power plant operated at a lower plant load factor (PLF) of 2% in Q2 FY2019 (PLF of 7% in Q2 FY2018, 5% in Q1 FY2019). Power sales this quarter were also met through 3(rd) party power purchases.
The 600 MW BALCO IPP operated at a PLF of 45% in Q2 FY2019 (PLF of 28% in Q2 FY2018, 57% in Q1 FY2019). The PLF has reduced q-o-q primarily due to coal shortages.
H1 FY2019 vs. H1 FY2018
During H1 FY2019, power sales was at 6,830 million units, 43% higher y-o-y mainly on account of TSPL plant shutdown due to a fire incident in the coal conveyor in Q1 FY2018.
Production Summary (Unaudited)
(In '000 tonnes, except as stated)
Particulars
Q2 Q1
H1
---
FY 2019 FY 2018 % Change YoY FY 2019 % Change QoQ FY 2019 FY 2018 % Change YoY
---
ZINC INDIA
---
Mined metal content 232 219 6% 212 10% 444 452 (2)%
---
Integrated metal 212 230 (8)% 214 (1)% 425 459 (7)%
---
Refined Zinc - Integrated 162 192 (16)% 172 (5)% 334 386 (13)%
---
Refined Lead - Integrated(1) 49 38 30% 42 17% 91 73 25%
---
Silver- Integrated (in
MT)(2) 172 140 23% 138 25% 310 255 22%
---
ZINC INTERNATIONAL 28 42 (34)% 25 11% 54 74 (28)%
---
Zinc -Refined -Skorpion 15 23 (35)% 10 42% 25 36 (31)%
---
Mined metal content -BMM 13 20 (32)% 15 (11)% 29 38 (25)%
---
OIL AND GAS
---
Average Daily Gross Operated
Production (boepd) 185,926 180,955 3% 194,986 (5)% 190,431 184,062 3%
---
Rajasthan 155,194 153,238 1% 164,040 (5)% 159,593 156,278 2%
---
Ravva 13,496 17,266 (22)% 14,217 (5)% 13,855 17,810 (22)%
---
Cambay 17,236 10,452 65% 16,729 3% 16,984 9,974 70%
---
Average Daily Working
Interest Production (boepd) 118,748 115,332 3% 124,807 (5)% 121,761 117,391 4%
---
Rajasthan 108,636 107,267 1% 114,828 (5)% 111,715 109,395 2%
---
Ravva 3,037 3,885 (22)% 3,199 (5)% 3,117 4,007 (22)%
---
Cambay 6,894 4,181 65% 6,692 3% 6,794 3,990 70%
---
KG-ONN 181 89 135
---
Total Oil and Gas (million
boe)
---
Oil & Gas- Gross 17.1 16.6 3% 17.7 (4)% 34.8 33.7 3%
---
Oil & Gas-Working Interest 10.9 10.6 3% 11.4 (4)% 22.3 21.5 4%
---
IRON ORE (in million dry
metric tonnes, or as stated)
---
Sales 0.4 0.7 (51)% 1.4 (74)% 1.8 3.0 (41)%
---
Goa 0.1 0.1 (14)% 1.0 (89)% 1.2 2.0 (42)%
---
Karnataka 0.2 0.6 (59)% 0.4 (31)% 0.6 1.0 (41)%
---
Production of Saleable Ore 1.4 1.2 16% 1.4 (1)% 2.8 4.5 (38)%
---
Goa 0.4 0.2 0.2 2.6 (91)%
---
Karnataka 1.4 0.9 56% 1.2 19% 2.6 1.9 36%
---
Pig Iron ('000 tonnes) 173 137 26% 167 4% 339 300 13%
---
(In '000 tonnes, except as stated)
Particulars
Q2 Q1
H1
---
FY
2019 FY 2018 % Change YoY FY 2019 % Change QoQ FY 2019 FY 2018 % Change YoY
---
STEEL(3)
---
Production 285 247 16% 242 18% 527 485 9%
---
Pig Iron 45 41 9% 14 59 80 (26)%
---
Billet 4 13 (72)% 3 7% 7 23 (70)%
---
TMT Bar 106 62 72% 90 18% 196 144 36%
---
Wire Rod 110 103 7% 98 12% 208 182 14%
---
Ductile Iron
Pipes 20 28 (26)% 37 (44)% 57 57
---
COPPER - INDIA
---
Copper -
Cathodes 15 106 24 (37)% 40 197
---
Tuticorin Power
Plant Sales (MU) 4 34
---
ALUMINUM
---
Alumina-
Lanjigarh 348 269 30% 325 7% 673 572 18%
---
Total Aluminum
Production 494 401 23% 482 3% 976 753 30%
---
Jharsuguda-I 137 99 39% 136 1% 273 191 43%
---
Jharsuguda-II4 216 157 37% 204 6% 420 277 51%
---
BALCO-I 64 65 (2)% 64 (1)% 128 128
---
BALCO-II5 78 79 (2)% 77 1% 155 156 (1)%
---
POWER (in million
units)
---
Total Power Sales 3,514 2,950 19% 3,315 6% 6,830 4,787 43%
---
Jharsuguda 600 MW 124 93 35% 164 (24)% 289 657 (56)%
---
TSPL 2,725 2,582 6% 2,355 16% 5,081 3,145 62%
---
BALCO 600 MW 480 132 656 (27)% 1,137 682 67%
---
MALCO 0 4
---
HZL Wind Power 185 143 29% 139 33% 324 299 8%
---
TSPL -
Availability 94% 87% 91% 93% 54%
---
Ports - VGCB (in
million tonnes)
6
---
Cargo Discharge 1.2 1.1 11% 1.5 (23)% 2.7 2.3 19%
---
Cargo Dispatches 1.2 1.2 3% 1.5 (19)% 2.7 2.3 21%
---
1. Excluding captive consumption of 1,799 tonnes in Q2 FY2019 vs. 1,634 tonnes in Q2 FY2018 and 1,778 tonnes in Q1 FY2019. It was 3,577 tonnes in H1 FY2019 vs. 3,590 tonnes in H1 FY2018
2. Excluding captive consumption of 9.2 tonnes in Q2 FY2019 vs. 8.8 tonnes in Q2 FY2018 and 9.4 tonnes in Q1 FY2019. It was 18.6 tonnes in H1 FY2019 vs. 19.0 tonnes in H1 FY2018
3.June 2019 2018 was the first full month post Vedanta Limited's 90% acquisition of ESL. Previous period numbers are memorandum information for the purpose of performance evaluation of the Company
4. Including trial run production of 18 kt in Q2 FY2019, 15 kt in Q2 FY2018 and 12 kt in Q1 FY2019. It was 30 kt in H1 FY2019 vs. 34 kt in H1 FY2018
5. Including trial run production of Nil in Q2 FY2019, 1 kt in Q2 FY2018 and Nil in Q1 FY2019. It was Nil in H1 FY2019 vs. 16 kt in H1 FY2018
6. Vizag General Cargo Berth
For further information, please contact:
Communications
Arun Arora
Head, Corporate Communications
Tel: +91-124-459-3000
gc@vedanta.co.in
Investor Relations
Rashmi Mohanty
Director - Investor Relations
Tel: +91-22-6646-1531
vedantaltd.ir@vedanta.co.in
Sneha Tulsyan
Associate Manager - Investor Relations
About Vedanta Limited
Vedanta Limited is a diversified natural resources company, whose business primarily involves producing oil & gas, zinc - lead - silver, copper, iron ore, aluminium and commercial power. The company has a presence across India, South Africa, Namibia, Australia and Ireland.
Vedanta Limited is the Indian subsidiary of Vedanta Resources Plc. Governance and Sustainable Development are at the core of Vedanta's strategy, with a strong focus on health, safety and environment and on enhancing the lives of local communities. The company is conferred with the Confederation of Indian Industry (CII) 'Sustainable Plus Platinum label', ranking among the top 10 most sustainable companies in India. To access the Vedanta Sustainable Development Report 2018, please visit http://www.vedantaresources.com/media/237848/vedanta-sd-report-2017-18.pdf. Vedanta Limited is listed on the Bombay Stock Exchange and the National Stock Exchange in India and has ADRs listed on the New York Stock Exchange.
For more information please visit www.vedantalimited.com
Vedanta Limited
Vedanta, 75, Nehru Road,
Vile Parle (East), Mumbai - 400 099
www.vedantalimited.com
Registered Office:
Regd. Office: 1st Floor, 'C' wing, Unit 103,
Corporate Avenue, Atul Projects,
Chakala, Andheri (East),
Mumbai - 400 093
CIN: L13209MH1965PLC291394
Disclaimer
This press release contains "forward-looking statements" - that is, statements related to future, not past, events. In this context, forward-looking statements often address our expected future business and financial performance, and often contain words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "should" or "will." Forward-looking statements by their nature address matters that are, to different degrees, uncertain. For us, uncertainties arise from the behaviour of financial and metals markets including the London Metal Exchange, fluctuations in interest and or exchange rates and metal prices; from future integration of acquired businesses; and from numerous other matters of national, regional and global scale, including those of a political, economic, business, competitive or regulatory nature. These uncertainties may cause our actual future results to be materially different that those expressed in our forward-looking statements. We do not undertake to update our forward-looking statements.
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SOURCE Vedanta Limited
