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

Press Trust of India  |  New Delhi 

Mining giant Vedanta Ltd today reported a 10 per cent fall in its iron ore production in 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 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 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 were impacted by the low pricing environment," Vedanta said.

The company's production and sales, however, from 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 and gas gross production, including from offshore assets such as Ravva and Cambay, was at 184,062 boepd (barrels of 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 per cent higher (Y-o-Y), mainly on account of ramp up of additional pots at Jharsuguda II and Balco II.

Alumina production was 5,72,000 tonnes during the period.

Power sales decreased to 4,787 million units mainly due to a temporary coal shortage during the six months, it added.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, October 10 2017. 18:22 IST