Vedanta Limited has announced its production numbers for the second quarter (2Q) and half year ended September 30, 2024, showcasing significant growth across various segments. The company reported record production of aluminium and zinc, alongside strong performance in silver and iron ore.
Vedanta achieved its highest-ever half-yearly aluminium production, with a total output of 1,205 kt, a 3% year-on-year (YoY) growth, driven by operational efficiencies. Alumina production also saw a notable 21% YoY rise to 1,039 kt. In Zinc India, the company reported the highest-ever second-quarter mined and refined metal production, with a 5% increase in saleable metal production to 524 kt in the first half of FY25.
Silver volumes surged by 10% sequentially in 2Q FY25, with total production at 350 tonnes for the first half. Vedanta’s iron ore production grew by 6% YoY to 2.6 million tonnes, although pig iron output was slightly impacted due to maintenance activities. The company also reported a 70% YoY increase in ferrochrome production.
In the oil and gas segment, Vedanta’s production faced some challenges, with a 22% YoY decline in average daily gross operated production, impacted by a natural decline in the MBA fields, though ramp-up activities in the Jaya oilfield provided some support.
The power segment saw a 10% YoY increase in sales, supported by higher generation from thermal plants, offsetting a decline in wind power generation due to adverse weather conditions.
Vedanta’s solid operational performance highlights the company’s strong execution capabilities across its portfolio, with a continued focus on operational efficiencies and capacity enhancements.
