Vedanta Resources PLC Incidents at Aluminium and Power Operations (8902C)

TIDMVED

RNS Number : 8902C

Vedanta Resources PLC

20 April 2017

Vedanta Resources plc

16 Berkeley Street

London W1J 8DZ

Tel: [phone]

Fax: [phone]

www.vedantaresources.com

20 April 2017

Vedanta Resources plc

Incidents at Aluminium and Power Operations

Vedanta Resources plc's subsidiary Vedanta Limited today made the below announcement.

Vedanta Limited

Incidents at Aluminium and Power Operations

Jharsuguda-I smelter update

The 500kt plant-1 smelter at Jharsuguda had an unfortunate pot outage incident earlier this week. 228 pots out of the total 608 pots were damaged and taken out of production. The impacted pots will require to be repaired over the next few months, and put back into production. Timelines will be announced in due course.

Talwandi Sabo Power Plant, Wholly Owned Subsidiary of the Company

A fire took place at the coal handling plant at the 1980 MW TSPL Power Plant in Punjab state earlier this week. This has resulted in a shut down of all three units of the power plant for around 60 days. The plant had achieved full ramp up during FY 2017, and had record availability of 85% in Q4 FY 2017.

There were no injuries in either incident. The operational teams at the respective locations are working towards rectification, and safe and expeditious restart of the affected facilities.

For further information, please contact:

 
 Communications                      Finsbury 
 Roma Balwani                        Daniela Fleischmann 
  President - Group Sustainability    Tel: [phone] 
  and Communications 
  Tel: [phone] 
  [e-mail] 
 Investors 
 Ashwin Bajaj                        Tel: [phone] 
  Director - Investor Relations       Tel: [phone] 
                                      [e-mail] 
  Radhika Arora 
  Associate General Manager 
  - Investor Relations 
 
  Sunila Martis 
  Associate General Manager 
  - Investor Relations 
 

About Vedanta Resources

Vedanta Resources plc ("Vedanta") is a London listed diversified global natural resources company. 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 and Australia. With an empowered talent pool globally, Vedanta places strong emphasis on partnering with all its stakeholders based on the core values of trust, sustainability, growth, entrepreneurship, integrity, respect and care. 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

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April 20, 2017 08:52 ET (12:52 GMT)