Vedanta Ltd, a major player in the mining sector, announced an increase in the production of aluminum, zinc, and iron ore for the September quarter. According to a filing with BSE, aluminum production rose by 3% year-on-year, reaching 609,000 tonnes.
In addition, saleable metal output at Zinc India increased to 262,000 tonnes, up from 241,000 tonnes. However, Zinc International faced a decline, with mined metal production dropping 34% to 44,000 tonnes compared to the previous year.
The oil and gas sector experienced a notable downturn, with output falling 22% to 104,900 barrels of oil equivalent per day (boepd), down from 134,100 boepd a year prior. Iron ore production also saw growth, increasing from 1.2 million tonnes to 1.3 million tonnes year-on-year. Conversely, total saleable steel production fell by 22% to 296,000 tonnes, while power sales rose by 7% to 4,322 million units, compared to 4,047 million units during the same period last year.
The company cited a planned shutdown for maintenance and debottlenecking of the steel melting shop and oxygen plant as factors that adversely impacted overall production. Vedanta Limited, a subsidiary of Vedanta Resources Limited, stands as one of the premier global companies in critical minerals, energy, and technology. With extensive operations across India, South Africa, Namibia, Liberia, UAE, Saudi Arabia, Korea, Taiwan, and Japan, Vedanta is actively involved in sectors such as Oil & Gas, Zinc, Lead, Silver, Copper, Iron Ore, Steel, Nickel, Aluminium, Power, and Glass Substrate, while also expanding into electronics and display glass manufacturing.
For over twenty years, Vedanta has played a vital role in nation-building, embedding governance and sustainable development into its core strategy. The company emphasizes health, safety, and environmental standards and has established a robust framework to lead in Environmental, Social, and Governance (ESG) within the natural resources sector.
Vedanta is dedicated to achieving net-zero carbon emissions by 2050 or earlier and plans to invest $5 billion over the next decade to facilitate this transition. Committed to community upliftment, Vedanta’s Anil Agarwal Foundation has pledged Rs 5000 crore over five years for various social impact initiatives, including its flagship project, Nand Ghar, which establishes model anganwadis throughout India. Recognized for its sustainability efforts, Vedanta Ltd. ranked third in the S&P Global Corporate Sustainability Assessment 2023 and is included in the Dow Jones Sustainability World Index.
