Vedanta posts 17% growth in aluminium
production for FY' 2019

Vedanta Ltd, Metals & Mining conglomerate show 17% growth in aluminium production uplifted by balance and increase of its smelters at Jharsuguda (Odisha). In the last fiscal, aluminium output was 1.95 million tones in terms of volumes, best until now; outpacing 1.67mt in FY’ 2018; making Vedanta, the country's largest producer of the white metal, overshadowing Hindalco Industries.


The aluminium output at Bharat Aluminium Company (BALCO) smelters owned by Vedanta at Korba (Chhattisgarh) remained even. The output was strengthened by Vedanta’s two smelters at Jharsuguda, separate facility and other within SEZ (Special Economic Zone) notified area in its region. The Jharsuguda output rise by 24% while SEZ unit recorded a higher production flow of 27 per cent.


The improvement in aluminium output was backed up by increase in the growth of volume at Vedanta’s Lanjigarh alumina refinery. Alumina production landed up to 1.5mt uplifted by 24%.


Vedanta Ltd in its statement said, “Improved captive alumina production and locally sourced bauxite are key to drive our aluminium costs lower. The peak run rate at Lanjigarh refinery during the year was 1.8 mtpa (million tonnes per annum)”


Vedanta’s Lanjigarh refinery is getting support from Odisha Mining Corporation, a state-controlled mining organization from Q1 of FY’2019. To achieve a mount rate of 3mtpa, OMC has boost its bauxite output at its Kodingamali mine. Under a long-term relationship agreement, OMC sell-off 70% of its mined bauxite to Vedanta. The balance quantity is offered for bids at bauxite auctions held within a period of six months.


Coal sustain to be a key thrust area for Vedanta. In a statement Vedanta added, “The linkage coal materialization for the captive power plants has improved in Q4 FY2019 as compared to previous quarters resulting in no power import for the last four months. The company secured 3.2 million tonnes of coal in Tranche IV auction and materialization has started from March 2019. This will improve coal availability and therefore help to drive our costs down”.

 

Updated On 12-Apr-2019

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