Vedanta aluminium, zinc production increases; output iron ore, steel, oil & gas down in Jan-Mar
Vedanta Ltd reported a mixed financial quarter, with a 2% rise in aluminium production and a similar increase in Zinc India's mined metal output. However, the company experienced declines in iron ore, steel, and oil & gas production, with the latt...
The company's total aluminium production during the quarter rose by 2 per cent, and Zinc India's mined metal production increased by 2 per cent.
In the oil and gas segment, Vedanta's average daily gross operated production dropped 15 per cent during the March quarter to 81,500 barrels of oil equivalent per day (boepd).
While the production of saleable iron ore dropped 3 per cent during the quarter, the saleable steel output during the quarter declined marginally by 1 per cent, the company said in a regulatory filing.
In a statement, the company said that it remains focused on driving efficiency, scale, and long-term value creation.
Vedanta Group, a global natural resources and technology conglomerate, has a broad portfolio spanning critical minerals, energy transition metals, oil & gas, and power.
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