Vedanta’s total aluminium production remains flat YoY in Q4

Anil Agarwal’s Vedanta Ltd shared its business and production update for the fourth quarter ended March 31, 2023. The Mumbai-based mining company stated that its total aluminium production for Q4FY23 almost remained flat.

In a regulatory filing, Vedanta said total aluminium production stood 0.3 percent higher at 574 kt in Q4 as compared to 572 kt in the same period last fiscal. It also added that the cast metal aluminium production increased 1 percent quarter-on-quarter with Jharsuguda ramp up.

Moreover, mined metal production rose 2 percent YoY at 301 kt as against 295 kt in March 2022 quarter and 19 percent quarter-on-quarter. Vedanta added that the company witnessed record quarterly mined metal production driven by “higher ore production and improved mined metal grades.”