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Vedanta's iron ore output in Goa slips to 2.6 MT in H1 FY18

10 October, 2017 1:52 PM
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Vedanta's iron ore output in Goa slips to 2.6 MT in H1 FY18

Mining giant Vedanta Limited today reported a 10 percent fall in its iron ore production in Goa at 2.6 million tonnes (MT) in the first half of this fiscal.

The output stood at 2.9 MT in the corresponding six months a year ago, the company said a BSE filing.

Its sales too fell to 2 MT during the period under review against 2.4 MT in the first half of the previous fiscal.

"Production from Goa was 2.6 MT and sales were 2 MT, compared to 2.9 million tonnes and 2.4 million tonnes, respectively. Production and sales at Goa were impacted by the low pricing environment," Vedanta said.

The company's production and sales, however, from Karnataka moved up (Y-o-Y) to 1.9 million tonnes and 1 million tonnes, respectively, the statement said.

During the first six months of this fiscal, average oil and gas gross production, including from offshore assets such as Ravva and Cambay, was at 184,062 bpd (barrels of oil equivalent per day), Vedanta said.

The copper production stood at 1,97,000 tonnes of cathodes, similar to the first of the previous fiscal.

Aluminium production increased to 7,53,000 tonnes in H1 2017-18, 39 percent higher (Y-o-Y), mainly on account of ramp-up of additional pots at Jharsuguda II and Balco II.

Also read: India can reduce 520 million tonnes of greenhouse gas: Study

Source: moneycontrol.com

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