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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Vedanta | LSE:VED | London | Ordinary Share | GB0033277061 | ORD USD0.10 |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 832.60 | 834.80 | 835.80 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Apr 2019 to Apr 2024
TIDMVED
RNS Number : 5140E
Vedanta Resources PLC
10 April 2014
10 April 2014
Vedanta Resources plc
Production Release for the Fourth Quarter and
Full Year ended 31 March 2014
Highlights
-- Full year record production of Oil & Gas, driven by production ramp-up in Rajasthan block
-- Higher integrated refined metal production and stable mined metal production for the full year at Zinc India
-- First metal tapping at the BALCO 325kt aluminium smelter during Q4
-- Strong utilizations at Tuticorin copper smelter; 2(nd) 80MW unit of power plant commissioned during Q4
Zinc - India
Hot Features
Premium
Q4 Q3 Full Year
------------------------------ ---------------------------- ------- --------------------------
Particulars (in '000 FY2014 FY2013 % change FY2014 FY2014 FY2013 %
tonnes, or as stated) YoY change
YoY
------------------------------ ------- ------- ---------- ------- ------- ------- --------
ZINC INDIA
------------------------------ ------- ------- ---------- ------- ------- ------- --------
Mined metal content 200 260 (23%) 220 880 870 1%
------------------------------ ------- ------- ---------- ------- ------- ------- --------
Concentrate Sales -
Zinc (MIC) - 61 - - - 61 -
------------------------------ ------- ------- ---------- ------- ------- ------- --------
Refined Zinc - Total 182 182 - 196 749 677 11%
------------------------------ ------- ------- ---------- ------- ------- ------- --------
Refined Zinc - Integrated 179 181 (1%) 196 743 660 13%
------------------------------ ------- ------- ---------- ------- ------- ------- --------
Refined Zinc - Custom 4 0 - - 6 17 -
------------------------------ ------- ------- ---------- ------- ------- ------- --------
Refined Lead - Total
(1) 38 35 10% 27 130 125 4%
------------------------------ ------- ------- ---------- ------- ------- ------- --------
Refined Lead - Integrated 31 32 (2%) 27 118 107 10%
------------------------------ ------- ------- ---------- ------- ------- ------- --------
Refined Lead - Custom 7 3 - - 12 18 -
------------------------------ ------- ------- ---------- ------- ------- ------- --------
Saleable Silver - Total
(in '000 ounces) (2) 2,925 3,480 (16%) 2,335 11,241 12,021 (6%)
------------------------------ ------- ------- ---------- ------- ------- ------- --------
Saleable Silver -
Integrated
(in '000 ounces) 2,180 2,924 (25%) 2,324 9,663 9,267 4%
------------------------------ ------- ------- ---------- ------- ------- ------- --------
Saleable Silver -
Custom
(in '000 ounces) 745 556 34% 11 1,577 2,754 (43%)
------------------------------ ------- ------- ---------- ------- ------- ------- --------
Mined metal production for the year was 880,000 tonnes, marginally higher than the previous year. Production in H2 was lower than what we had planned initially due to slower than expected ramp up of underground mining projects and changes in mining sequence, wherein preference was given to primary mine development.
Integrated production of refined metal during the year was significantly higher due to operational efficiencies and higher availability of our smelters. Full year integrated production of refined zinc, lead and silver were higher by 13%, 10% and 4% respectively.
Zinc - International
Q4 Q3 Full Year
-------------------------- ----------------------------- ------- --------------------------
Particulars (in '000 FY2014 FY2013 % change FY2014 FY2014 FY2013 %
tonnes, or as stated) YoY change
YoY
-------------------------- --------- ------- --------- ------- ------- ------- --------
Zinc International 83 102 (19%) 84 364 426 (15%)
-------------------------- --------- ------- --------- ------- ------- ------- --------
Zinc -refined -Skorpion 33 36 (9%) 23 125 145 (14%)
-------------------------- --------- ------- --------- ------- ------- ------- --------
Mined metal content
- BMM and Lisheen 50 65 (24%) 62 239 280 (15%)
-------------------------- --------- ------- --------- ------- ------- ------- --------
Refined zinc production at Skorpion was higher than Q3 by 10,000 tonnes consequent to ramp up after an unplanned shutdown in Q3 FY2014. However, this was offset by lower mined metal production at BMM and Lisheen due to lower ore grades. Total production in Q4 remained in line with Q3, and the full year production was lower by 15%. This was lower on account of disruptions in production caused by accidents at Lisheen and BMM in Q1 FY2014 and the unplanned shutdown at Skorpion in Q3.
Oil and Gas
Q4 Q3 Full Year
---------------------------- ----------------------------- -------- ----------------------------
Particulars FY2014 FY2013 % change FY2014 FY2014 FY2013 %
YoY change
YoY
---------------------------- -------- -------- --------- -------- -------- -------- --------
OIL AND GAS (boepd)
---------------------------- -------- -------- --------- -------- -------- -------- --------
Average Daily Gross
Operated Production
(boepd) 224,429 202,014 11% 224,493 218,651 205,323 6%
---------------------------- -------- -------- --------- -------- -------- -------- --------
Rajasthan 190,881 168,594 13% 186,359 181,530 169,390 7%
---------------------------- -------- -------- --------- -------- -------- -------- --------
Ravva 24,225 27,205 (11%) 27,857 27,386 29,161 (6%)
---------------------------- -------- -------- --------- -------- -------- -------- --------
Cambay 9,323 6,215 50% 10,277 9,735 6,772 44%
---------------------------- -------- -------- --------- -------- -------- -------- --------
Average Daily Working
Interest Production
(boepd) 142,796 126,623 13% 140,830 137,127 127,843 7%
---------------------------- -------- -------- --------- -------- -------- -------- --------
Rajasthan 133,616 118,016 13% 130,451 127,071 118,573 7%
---------------------------- -------- -------- --------- -------- -------- -------- --------
Ravva 5,451 6,121 (11%) 6,268 6,162 6,561 (6%)
---------------------------- -------- -------- --------- -------- -------- -------- --------
Cambay 3,729 2,486 50% 4,111 3,894 2,709 44%
---------------------------- -------- -------- --------- -------- -------- -------- --------
Total Oil and Gas (million
boe)
---------------------------- -------- -------- --------- -------- -------- -------- --------
Oil & Gas- Gross 20.20 18.18 11% 20.65 79.81 74.94 6%
---------------------------- -------- -------- --------- -------- -------- -------- --------
Oil & Gas-Working
Interest 12.85 11.40 13% 12.96 50.05 46.66 7%
---------------------------- -------- -------- --------- -------- -------- -------- --------
Average gross production for FY2014 was 218,651 barrels of oil equivalent per day (boepd), 6% higher than the previous year. During the year, the Rajasthan block achieved a landmark oil production of 200 million barrels, and a 200,000 boepd production milestone in March 2014.
In Q4 FY2014, average gross operated production and working interest production were 11% and 13% higher at 224,429 boepd and 142,796 boepd, respectively, driven primarily by the production ramp-up at Rajasthan. In Rajasthan, infill drilling continues across all major fields and has driven a 13% increase in the production rate to 190,881 boepd. Development Area (DA1), which includes the Mangala and Aishwariya fields produced a gross average of 162,245 boepd and DA2, which includes the Bhagyam field produced a gross average of 28,636 boepd.
In Q4 FY2014, production at Cambay was 50% higher yoy at 9,323 boepd, due to the infill drilling campaign that was completed in FY2013. Production at Ravva was lower in Q4 FY2014 at 24,225 boepd though recovery rates continue to be over 47%.
Iron Ore
Q4 Q3 Full Year
-------------------------- ------------------------------ ---------- ---------------------------------
Particulars (in million FY2014 FY2013 % change FY2014 FY2014 FY2013 %
dry metric tonnes, YoY change
or as stated) YoY
-------------------------- ------- ---------- --------- ---------- ----------- ---------- --------
IRON ORE (3)
-------------------------- ------- ---------- --------- ---------- ----------- ---------- --------
Sales 0.0 - - - 0.0 3.1 -
-------------------------- ------- ---------- --------- ---------- ----------- ---------- --------
Goa - - - - - 3.0 -
-------------------------- ------- ---------- --------- ---------- ----------- ---------- --------
Karnataka 0.0 - - - 0.0 0.1 -
-------------------------- ------- ---------- --------- ---------- ----------- ---------- --------
Production of Saleable
Ore 1.5 - - - 1.5 3.7 (60%)
-------------------------- ------- ---------- --------- ---------- ----------- ---------- --------
Goa - - - - - 3.7 -
-------------------------- ------- ---------- --------- ---------- ----------- ---------- --------
Karnataka 1.5 - - - 1.5 - -
-------------------------- ------- ---------- --------- ---------- ----------- ---------- --------
Production ('000 tonnes)
-------------------------- ------- ---------- --------- ---------- ----------- ---------- --------
Pig Iron 133 104 28% 139 510 308 66%
-------------------------- ------- ---------- --------- ---------- ----------- ---------- --------
Met Coke 119 94 27% 116 408 331 23%
-------------------------- ------- ---------- --------- ---------- ----------- ---------- --------
In Karnataka, we resumed mining on December 28, 2013 and optimized our approved annual capacity of 2.29mtpa, which resulted in a production of 1.5mt this year. However, only 27 kt was sold during the year.
At Goa, we participated in e-auctions of inventory and sold 0.3 million tonnes during the quarter but these were not accounted for as sales since the dispatches did not take place during the quarter. These dispatches have commenced in April.
Regarding mining in Goa, the Expert committee appointed by the Supreme Court submitted its second interim report to the Court on 24 March 2014. The Expert committee, in its report, recommended that 27.5mtpa was a sustainable extraction level in the state, but suggested that the ideal permissible limit be 20mtpa until a scientific study is completed within 12 months. The decision of the Supreme Court is awaited on this matter.
Copper - India and Australia
Q4 Q3 Full Year
-------------------------------- --------------------------- ------- --------------------------
Particulars (in '000 FY2014 FY2013 % change FY2014 FY2014 FY2013 %
tonnes, or as stated) YoY change
YoY
-------------------------------- ------- ------- --------- ------- ------- ------- --------
COPPER- INDIA / AUSTRALIA
-------------------------------- ------- ------- --------- ------- ------- ------- --------
Copper - Cathodes 98 86 14% 99 294 353 (17%)
-------------------------------- ------- ------- --------- ------- ------- ------- --------
Copper - Mined metal
content 1 7 (85%) 5 18 26 (32%)
-------------------------------- ------- ------- --------- ------- ------- ------- --------
Power sales - 2X80MW
Tuticorin power plant(million
units) 144 35 - 162 601 42 -
-------------------------------- ------- ------- --------- ------- ------- ------- --------
The Tuticorin copper smelter performed well at 98% utilisation in Q4. The full year production was 17% lower due to the temporary closure in Q1 FY2014. As announced earlier, we are scheduled to have a maintenance shutdown of this smelter for approximately 22 days in Q1.
The company received the final regulatory approval for the second unit of the 2x80MW power plant in March 2014. Subsequently, we commissioned and capitalized this unit and generated 25 million units.
As announced earlier, production at our Australian mine remained suspended due to a mud rush at one of the stopes in January 2014. We are working with Work Place Standards Authorities at Tasmania to resume operations.
Copper - Zambia
Q4 Q3 Full Year
------------------------- --------------------------- ------- --------------------------
Particulars (in '000 FY2014 FY2013 % change FY2014 FY2014 FY2013 %
tonnes, or as stated) YoY change
YoY
------------------------- ------- ------- --------- ------- ------- ------- --------
COPPER -ZAMBIA
------------------------- ------- ------- --------- ------- ------- ------- --------
Mined metal 27 33 (19%) 32 128 159 (19%)
------------------------- ------- ------- --------- ------- ------- ------- --------
Finished Copper - Total 40 54 (26%) 43 177 216 (18%)
------------------------- ------- ------- --------- ------- ------- ------- --------
Integrated 28 36 (22%) 31 124 160 (22%)
------------------------- ------- ------- --------- ------- ------- ------- --------
Custom 12 17 (34%) 12 53 56 (6%)
------------------------- ------- ------- --------- ------- ------- ------- --------
Mined metal production was 19% lower in Q4, as compared with the corresponding prior period, due to lower ore production at Konkola and Nchanga underground mines. Production at Konkola was affected by unscheduled stoppages at shaft 1 & 4, with the mid-shaft level of shaft 4 resuming operations during the quarter. Shaft 1 became operational in the first week of April. Mined metal production also includes TLP primary copper production of 13,400 tonnes which was 6% lower due to lower grades.
For the full year, mined metal production was lower primarily due to suspension of mining operations at COP F&D since January 2013.
We are focussed on increasing volumes at the Konkola mine, with recent progress made towards augmenting talent in the underground mining team, and implementing productivity improvement measures. Custom volumes remained constrained by blending challenges and underlying commercial issues of recovery of VAT credit from the Zambian government.
Aluminium
Q4 Q3 Full Year
---------------------------- --------------------------- ------- --------------------------
Particulars(in '000 FY2014 FY2013 % change FY2014 FY2014 FY2013 %
tonnes, or as stated) YoY change
YoY
---------------------------- ------- ------- --------- ------- ------- ------- --------
ALUMINIUM
---------------------------- ------- ------- --------- ------- ------- ------- --------
Alumina-Lanjigarh 227 - - 181 524 527 (1)%
---------------------------- ------- ------- --------- ------- ------- ------- --------
Total Aluminum Production 200 195 2% 200 794 774 3%
---------------------------- ------- ------- --------- ------- ------- ------- --------
Jharsuguda-I 135 133 1% 136 542 527 3%
---------------------------- ------- ------- --------- ------- ------- ------- --------
Korba-II 64 62 3% 64 251 247 2%
---------------------------- ------- ------- --------- ------- ------- ------- --------
Korba-III (4) 1 - - - 1 - -
---------------------------- ------- ------- --------- ------- ------- ------- --------
The Lanjigarh alumina refinery operated at 91% of its rated capacity and produced 227,000 tonnes in Q4 FY2014, 25% higher than Q3. Full year production was 524,000 tonnes, after restarting the refinery in July 2013. This resulted in a steady increase of alumina feed from Lanjigarh to our smelters, contributing to 28% of the smelters' alumina requirements in FY2014 and 49% in Q4.
In Q4, production at Jharsuguda Plant I and Korba Plant II smelters continued to remain stable and both these plants operated above their rated capacities.
We commenced the Korba-III 325kt smelter with the first metal tapping in Q4. We produced around
900 tonnes of aluminium with power sourced from the BALCO 270MW power plant. We expect to ramp up significantly during FY2015 consequent to the commissioning of the 1,200MW power plant, which expects to receive regulatory approvals in Q1 FY2015.
Power
Q4 Q3 Full Year
------------------------- --------------------------- ------- --------------------------
Particulars (in million FY2014 FY2013 % change FY2014 FY2014 FY2013 %
units) YoY change
YoY
------------------------- ------- ------- --------- ------- ------- ------- --------
POWER
------------------------- ------- ------- --------- ------- ------- ------- --------
Total Power Sales 2,093 2,638 (21%) 2,196 9,374 10,129 (7%)
------------------------- ------- ------- --------- ------- ------- ------- --------
Jharsuguda 2,400MW
(5) 1,701 2,073 (18%) 1,827 7,625 7,530 1%
------------------------- ------- ------- --------- ------- ------- ------- --------
BALCO 270MW 84 282 (70%) 75 390 1,241 (69%)
------------------------- ------- ------- --------- ------- ------- ------- --------
MALCO 231 204 13% 236 911 847 8%
------------------------- ------- ------- --------- ------- ------- ------- --------
HZL Wind Power 77 78 (2)% 59 448 511 (12%)
------------------------- ------- ------- --------- ------- ------- ------- --------
Power sales were 20% lower in Q4 as compared to corresponding prior period, primarily due to lower sales at our Jharsuguda 2,400MW and BALCO 270MW power plants on account of weak market demand and evacuation constraints. The Jharsuguda 2,400MW operated at a plant load factor of 35%.
The boiler light up of the first 660MW unit of the 1,980MW Talwandi Sabo power plant was achieved in Q3 and synchronization was completed subsequently. Coal logistics were established in Q4 and we expect to commence trial runs in Q1 FY2015.
Production Summary (Unaudited)
(in '000 tonnes, except as stated)
Particulars Q4 Q3 Full Year
-------------------------------- -------------------------------- ----------- ----------------------------------
FY 2014 FY 2013 % change FY 2014 FY 2014 FY 2013 %
YoY change
YoY
-------------------------------- --------- ---------- --------- ----------- ----------- ----------- --------
Zinc India
-------------------------------- --------- ---------- --------- ----------- ----------- ----------- --------
Mined metal content 200 260 (23%) 220 880 870 1%
-------------------------------- --------- ---------- --------- ----------- ----------- ----------- --------
Concentrate Sales-
Zinc (MIC) - 61 - - - 61 -
-------------------------------- --------- ---------- --------- ----------- ----------- ----------- --------
Refined Zinc ( Total) 182 182 0% 196 749 677 11%
-------------------------------- --------- ---------- --------- ----------- ----------- ----------- --------
Refined Zinc ( Integrated) 179 181 (1%) 196 743 660 13%
-------------------------------- --------- ---------- --------- ----------- ----------- ----------- --------
Refined Zinc ( Custom) 4 0 - - 6 17 -
-------------------------------- --------- ---------- --------- ----------- ----------- ----------- --------
Refined Lead ( Total)
(1) 38 35 10% 27 130 125 4%
-------------------------------- --------- ---------- --------- ----------- ----------- ----------- --------
Refined Lead ( Integrated) 31 32 (2%) 27 118 107 10%
-------------------------------- --------- ---------- --------- ----------- ----------- ----------- --------
Refined Lead ( Custom) 7 3 - - 12 18 -
-------------------------------- --------- ---------- --------- ----------- ----------- ----------- --------
Saleable Silver (
Total ) 2,925 3,480 (16%) 2,335 11,241 12,021 (6%)
(in '000 ounces) (2)
-------------------------------- --------- ---------- --------- ----------- ----------- ----------- --------
Saleable Silver( Integrated) 2,180 2,924 (25%) 2,324 9,663 9,267 4%
(in '000 ounces)
-------------------------------- --------- ---------- --------- ----------- ----------- ----------- --------
Saleable Silver( Custom) 745 556 34% 11 1,577 2,754 (43%)
(in '000 ounces)
-------------------------------- --------- ---------- --------- ----------- ----------- ----------- --------
Zinc International(Total) 83 102 (19%) 84 364 426 (15%)
-------------------------------- --------- ---------- --------- ----------- ----------- ----------- --------
Zinc -refined Skorpion 33 36 (9%) 23 125 145 (14%)
-------------------------------- --------- ---------- --------- ----------- ----------- ----------- --------
Mined metal content(
BMM and Lisheen) 50 65 (24%) 62 239 280 (15%)
-------------------------------- --------- ---------- --------- ----------- ----------- ----------- --------
Oil and Gas
-------------------------------- --------- ---------- --------- ----------- ----------- ----------- --------
Average Daily Gross
Operated Production
(boepd) 224,429 202,014 11% 224,493 218,651 205,323 6%
-------------------------------- --------- ---------- --------- ----------- ----------- ----------- --------
Rajasthan 190,881 168,594 13% 186,359 181,530 169,390 7%
-------------------------------- --------- ---------- --------- ----------- ----------- ----------- --------
Ravva 24,225 27,205 (11%) 27,857 27,386 29,161 (6%)
-------------------------------- --------- ---------- --------- ----------- ----------- ----------- --------
Cambay 9,323 6,215 50% 10,277 9,735 6,772 44%
-------------------------------- --------- ---------- --------- ----------- ----------- ----------- --------
Average Daily Working
Interest Operated Production
(boepd) 142,796 126,623 13% 140,830 137,127 127,843 7%
-------------------------------- --------- ---------- --------- ----------- ----------- ----------- --------
Rajasthan 133,616 118,016 13% 130,451 127,071 118,573 7%
-------------------------------- --------- ---------- --------- ----------- ----------- ----------- --------
Ravva 5,451 6,121 (11%) 6,268 6,162 6,561 (6%)
-------------------------------- --------- ---------- --------- ----------- ----------- ----------- --------
Cambay 3,729 2,486 50% 4,111 3,894 2,709 44%
-------------------------------- --------- ---------- --------- ----------- ----------- ----------- --------
Total Oil and Gas (million
boe)
-------------------------------- --------- ---------- --------- ----------- ----------- ----------- --------
Oil & Gas - Gross 20.20 18.18 11% 20.65 79.81 74.94 6%
-------------------------------- --------- ---------- --------- ----------- ----------- ----------- --------
Oil & Gas ( Working
Interest) 12.85 11.40 13% 12.96 50.05 46.66 7%
-------------------------------- --------- ---------- --------- ----------- ----------- ----------- --------
Iron Ore (3)
-------------------------------- --------- ---------- --------- ----------- ----------- ----------- --------
Sales 0.0 - - - 0.0 3.1 -
-------------------------------- --------- ---------- --------- ----------- ----------- ----------- --------
Goa - - - - - 3.0 -
-------------------------------- --------- ---------- --------- ----------- ----------- ----------- --------
Karnataka 0.0 - - - 0.0 0.1 -
-------------------------------- --------- ---------- --------- ----------- ----------- ----------- --------
Production of Saleable
Ore 1.5 - - - 1.5 3.7 (60%)
-------------------------------- --------- ---------- --------- ----------- ----------- ----------- --------
Goa - - - - - 3.7 -
-------------------------------- --------- ---------- --------- ----------- ----------- ----------- --------
Karnataka 1.5 - - - 1.5 - -
-------------------------------- --------- ---------- --------- ----------- ----------- ----------- --------
Production ('000 tonnes)
-------------------------------- --------- ---------- --------- ----------- ----------- ----------- --------
Pig Iron 133 104 28% 139 510 308 66%
-------------------------------- --------- ---------- --------- ----------- ----------- ----------- --------
Met Coke 119 94 27% 116 408 331 23%
-------------------------------- --------- ---------- --------- ----------- ----------- ----------- --------
Particulars Q4 Q3 Full Year
--------------------------------- ----------------------------- -------- ----------------------------
FY 2014 FY 2013 % change FY 2014 FY 2014 FY 2013 %
YoY change
YoY
--------------------------------- -------- -------- --------- -------- -------- -------- --------
Copper( India / Australia
--------------------------------- -------- -------- --------- -------- -------- -------- --------
Copper ( Mined metal
content) 1 7 (85%) 5 18 26 (32%)
--------------------------------- -------- -------- --------- -------- -------- -------- --------
Copper ( Cathodes
) 98 86 14% 99 294 353 (17%)
--------------------------------- -------- -------- --------- -------- -------- -------- --------
Power sales - 2X 80MW
Tuticorin power plant(million
units) 144 35 - 162 601 42 -
--------------------------------- -------- -------- --------- -------- -------- -------- --------
Copper - Zambia
--------------------------------- -------- -------- --------- -------- -------- -------- --------
Mined Metal 27 33 (20%) 32 128 159 (19%)
--------------------------------- -------- -------- --------- -------- -------- -------- --------
Copper - Total 40 54 (26%) 43 177 216 (18%)
--------------------------------- -------- -------- --------- -------- -------- -------- --------
Integrated 28 36 (22%) 31 124 160 (22%)
--------------------------------- -------- -------- --------- -------- -------- -------- --------
Custom 12 17 (34%) 12 53 56 (6%)
--------------------------------- -------- -------- --------- -------- -------- -------- --------
Alumina
--------------------------------- -------- -------- --------- -------- -------- -------- --------
Lanjigarh 227 - - 181 524 527 (1)%
--------------------------------- -------- -------- --------- -------- -------- -------- --------
Aluminium
--------------------------------- -------- -------- --------- -------- -------- -------- --------
Total Aluminum Production 200 195 2% 200 794 774 3%
--------------------------------- -------- -------- --------- -------- -------- -------- --------
Jharsuguda 135 133 1% 136 542 527 3%
--------------------------------- -------- -------- --------- -------- -------- -------- --------
Korba-II 64 62 3% 64 251 247 2%
--------------------------------- -------- -------- --------- -------- -------- -------- --------
Korba-III (4) 1 - - - 1 - -
--------------------------------- -------- -------- --------- -------- -------- -------- --------
Power (in million units)
--------------------------------- -------- -------- --------- -------- -------- -------- --------
Total Power Sales 2,093 2,638 (21%) 2,196 9,374 10,129 (7%)
--------------------------------- -------- -------- --------- -------- -------- -------- --------
Jharsuguda 2,400MW
(5) 1,701 2,073 (18%) 1,827 7,625 7,530 1%
--------------------------------- -------- -------- --------- -------- -------- -------- --------
Balco 270MW power
Sales 84 282 (70%) 75 390 1,241 (69%)
--------------------------------- -------- -------- --------- -------- -------- -------- --------
MALCO 231 204 13% 236 911 847 8%
--------------------------------- -------- -------- --------- -------- -------- -------- --------
HZL Wind Power 77 78 (2)% 59 448 511 (12%)
--------------------------------- -------- -------- --------- -------- -------- -------- --------
1. Including captive consumption of 1,991 tonnes in Q4 FY2014 vs 1,777 tonnes in Q4 FY2013, and 7,262tonnes in FY2014 vs 6,500 tonnes in
FY2013
2. Excluding captive consumption of 334,000 ounces in Q4 FY2014 vs 297,000 ounces in Q4 FY2013 and 1,232,000 ounces in FY2014 vs 1,088,000 ounces in FY2013
3. Iron Ore sales include internal consumption of nil in Q4 FY2014 vs nil in Q4 FY2013 and nil in FY2014 vs 0.17 million tonnes in FY2013.
4. Production under trial run
5. Includes production under trial run of nil in Q4 FY2014 vs. nil in Q4 FY2013 and nil in FY2014 vs 795 million units in FY2013.
For further information, please contact:
Investors ir@vedanta.co.in Ashwin Bajaj Tel: +91 22 6646 1531 Senior Vice President - Investor Relations Vedanta Resources plc Media Tel: +44 20 7251 3801 Gordon Simpson Finsbury
About Vedanta Resources plc
Vedanta Resources plc ("Vedanta") is a London listed diversified global natural resources major. The group produces aluminium, copper, zinc, lead, silver, iron ore, oil & gas and commercial energy. Vedanta has operations in India, Zambia, Namibia, South Africa, Ireland, Liberia, Australia and Sri Lanka. With an empowered talent pool globally, Vedanta places strong emphasis on partnering with all its stakeholders based on the core values of entrepreneurship, excellence, trust, inclusiveness and growth. For more information, please visit www.vedantaresources.com.
Disclaimer
This press release contains "forward-looking statements" - that is, statements related to future, not past, events. In this context, forward-looking statements often address our expected future business and financial performance, and often contain words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "should" or "will." Forward-looking statements by their nature address matters that are, to different degrees, uncertain. For us, uncertainties arise from the behaviour of financial and metals markets including the London Metal Exchange, fluctuations in interest and or exchange rates and metal prices; from future integration of acquired businesses; and from numerous other matters of national, regional and global scale, including those of a political, economic, business, competitive or regulatory nature. These uncertainties may cause our actual future results to be materially different that those expressed in our forward-looking statements. We do not undertake to update our forward-looking statements.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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