Vedanta Q2: Firm reports record aluminium production in Q2 and H1; shares up

Vedanta also recorded its highest ever second-quarter mined and refined metal production of zinc in India, the exchange filing said. Its refined metal production increased 5% on year to 524 KT in the second half.

The company added that its steel production fell 7% year-on-year to 652,000 tonnes in the first half of financial year 2024–25, from 702,000 tonnes during the same period in the preceding financial year. Maintenance in an oxygen plant and debottlenecking of the steel melting shop in the second quarter impacted the steel production, the company said.

Vedanta's power sale increased 10%, while ferrochrome production rose 70% to 53 KT. The commission of the new furnace drove the increase in ferrochrome production, it said.

Iron ore volumes increased 6% to 2.6 million tonnes during April–Sept. Its pig iron production was affected due to maintenance activity, the company added in its Q2 business update. 

Shares of the company were trading 0.61% higher at ₹514.90 levels. 

Meanwhile, oil and gas output dropped 22% to 1,04,900 boepd (barrels of oil equivalent per day), average daily gross operated production during the quarter from 1,34,100 boepd a year earlier.

Vedanta Ltd, a subsidiary of Vedanta Resources Ltd, is one of the world's leading natural resources companies, spanning across India, South Africa, Namibia, Liberia, the UAE, Korea, Taiwan, and Japan, with significant operations in oil and gas, zinc, lead, silver, copper, iron ore, steel, nickel, aluminium, and power.