Wednesday, 10 April 2013

Vedanta Aluminium Production 10 Percent Higher In Q4


Vedanta Resources came out with its fourth quarter and full year production report for period ending FY 2013. Aluminium production was 10% higher at 195000 tonnes in Q4, and 15% higher at 774000 tonnes in full year, as compared with the corresponding prior periods.
The Jharsuguda-I and Korba-II smelters operated above their rated capacities, with significant improvement in specific power consumption and throughput at Jharsuguda-I. Power sales at BALCO 270MW were lower in Q4 and full year due to evacuation constraints.
Alumina production at Lanjigarh remains temporarily suspended since 5 December 2012, due to inadequate availability of bauxite. The company is engaged with the Orissa state authorities for allocation of bauxite as per existing MoU with the Orissa state government.
Separately, company is working on obtaining bauxite supplies for the refinery from other sources including our captive mines at BALCO, in order to restart the refinery operations. As stated earlier, the production of alumina will not affect production at the smelters.
At the 325ktpa Korba-III aluminium smelter, mechanical and electrical completion and pre-commissioning of the rectifier, potline and related utilities for the first phase of 84 pots out of the total 336 pots have been completed.
Further work is in progress, and company plans to tap first metal in Q2 FY2014. The smelter plans to initially draw power from the existing 810MW power plants at BALCO. The first 300MW unit of the BALCO 1,200MW captive power plant is awaiting final stage regulatory approvals. Having obtained the Stage-II Forest Clearance for the 211mt coal block at BALCO, the process for diversion of forest land has been initiated by the State Government.
Source by Commodity Insights

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