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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 : 2348U
Vedanta Resources PLC
16 January 2017
Vedanta Limited
(Formerly known as Sesa Sterlite Ltd.)
Regd. Office: Sesa Ghor, 20 EDC Complex,
Patto, Panaji, Goa - 403001.
www.vedantalimited.com
CIN: L13209GA1965PLC000044
16 Jan 2017
Vedanta Limited
Production Release for the Third Quarter
And Nine months ended 31(st) December 2016
Q3 Highlights
Operations
-- Zinc India:
-- Mined metal production up 44% q-o-q in line with mine plan
-- Integrated metal production increased q-o-q: zinc 38%, lead 26% and silver 10%
-- Environment clearances received for expansion of Zawar and Sindesar Khurd mines
-- Aluminium:
-- Continued ramp up of Jharsuguda-II and BALCO-II smelters; third line of the 1.25 mtpa Jharsuguda-II smelter commenced ramp up in December 2016
-- Supply of coal has commenced from the 6mtpa coal linkages secured earlier this year
-- Power:
-- 1,980MW TSPL plant fully operational with 77% plant availability
-- Oil & Gas:
Rajasthan production impacted by planned shutdown; strong performance from Mangala EOR with production level of 55,000 barrels per day despite shutdown
-- Iron Ore:
-- Expected to achieve annual mining cap at Karnataka and Goa in the current month; received additional mining allocation in Goa for FY 2017
Corporate
-- Vedanta Limited - Cairn India merger approved by all sets of shareholders; expected to complete by Q1 CY2017
Tom Albanese, Chief Executive Officer, Vedanta Limited, said: "We have made substantial operational progress during the quarter with the enhancement of production from Zinc India and the ramp up of our Aluminium capacities. The 1,980 MW TSPL power plant continues to operate at a high availability of 77%. In our Oil and Gas business, the EOR program at the Mangala oil field in Rajasthan continued to yield positive results. We are very excited about our Gamsberg Zinc project in South Africa where pre-stripping is well underway and first ore is expected in mid CY2018. We will continue our sustained focus on costs alongside rising capacity utilizations thus driving free cash flow growth."
Oil & Gas
Hot Features
Premium
Q3 Q2 Nine months
period
---------------------------- -------------------
Particulars FY2017 FY2016 % FY2017 % change FY2017 FY2016 %
change QoQ change
YoY YoY
-------- -------- -------- -------- --------- -------- -------- --------
OIL AND GAS
-------- -------- -------- -------- --------- -------- -------- --------
Average Daily
Total Gross
Operated Production
(boepd) (1) 191,230 211,843 (10%) 206,230 (7%) 201,286 214,663 (6)%
-------- -------- -------- -------- --------- -------- -------- --------
Average Daily
Gross Operated
Production
(boepd) 181,818 202,668 (10%) 196,399 (7%) 191,674 205,909 (7)%
-------- -------- -------- -------- --------- -------- -------- --------
Rajasthan 154,272 170,444 (9%) 167,699 (8%) 162,957 170,258 (4)%
-------- -------- -------- -------- --------- -------- -------- --------
Ravva 18,172 21,703 (16%) 18,823 (3%) 18,874 25,430 (26)%
-------- -------- -------- -------- --------- -------- -------- --------
Cambay 9,375 10,521 (11%) 9,877 (5%) 9,843 10,221 (4)%
-------- -------- -------- -------- --------- -------- -------- --------
Average Daily
Working Interest
Production
(boepd) 115,829 128,402 (10%) 125,575 (8%) 122,254 128,991 (5)%
-------- -------- -------- -------- --------- -------- -------- --------
Rajasthan 107,990 119,311 (9%) 117,390 (8%) 114,070 119,180 (4)%
-------- -------- -------- -------- --------- -------- -------- --------
Ravva 4,089 4,883 (16%) 4,235 (3%) 4,247 5,722 (26)%
-------- -------- -------- -------- --------- -------- -------- --------
Cambay 3,750 4,208 (11%) 3,951 (5%) 3,937 4,089 (4)%
-------- -------- -------- -------- --------- -------- -------- --------
Total Oil
and Gas (million
boe)
-------- -------- -------- -------- --------- -------- -------- --------
Oil & Gas-
Gross 16.73 18.65 (10%) 18.07 (7%) 52.71 56.62 (7)%
-------- -------- -------- -------- --------- -------- -------- --------
Oil & Gas-Working
Interest 10.66 11.81 (10%) 11.55 (8%) 33.62 35.47 (5)%
-------- -------- -------- -------- --------- -------- -------- --------
Third quarter FY 2017 vs. previous quarters
For Q3 FY2017, average gross production across assets was resilient at 181,818 barrels of oil equivalent per day (boepd). Production was lower primarily due to planned maintenance shutdown in Rajasthan and natural decline in offshore assets.
Gross production from Rajasthan block averaged 154,272 boepd for the quarter, lower mainly due to the planned maintenance shutdown at the Mangala Processing Terminal which will help maintain asset integrity and improve the plant performance.
We had encouraging results from Mangala Enhanced Oil Recovery (EOR), driven by enhanced well productivity and production optimization activities. The production from EOR increased to an average of 55 kboepd in Q3 FY2017 from 52 kboepd in Q2 FY2017. Continued reservoir management including production optimization helped maintain steady production from Bhagyam and Aishwariya. Gross production from Development Area-1 (DA-1) and Development Area-2 (DA-2) averaged 141,177 boepd and 13,095 boepd, respectively.
Production from Ravva and Cambay was also firm at 18,172 and 9,375 boepd, respectively. Production optimization activities helped offset the natural decline in the blocks. Ravva and Cambay facilities recorded an excellent uptime of 99.9% and 99.8%, respectively.
Gas production from RDG was lower at an average of 21 mmscfd in Q3 FY2017 compared to 33 mmscfd in Q2 FY2017. Gas sales also declined quarter-on-quarter to 4 mmscfd from 17 mmscfd. The sales have been temporarily suspended due to a technical issue between the gas transporter and the buyers. Cairn is closely engaged with various stakeholders to address the issue and enable the resumption of the sales at the earliest
Nine months FY 2017 vs. nine months FY 2016
Gross production declined by 7% on year-on-year basis primarily due to lower volumes from offshore assets and planned maintenance shutdown in Rajasthan during the current year, partially offset by volume ramp up from the EOR project at Mangala and continued effective reservoir management across assets.
Zinc India
Particulars Q3 Q2 Nine months
ended
----------------------- --------------------------
FY2017 FY2016 % FY2017 % FY2017 FY2016 %
change change change
YoY QoQ YoY
----------------------- ------- ------- -------- -------- ------- ------- --------
Zinc India(kt)
------- ------- -------- ------- -------- ------- ------- --------
Mined metal content 276 228 21% 192 44% 595 700 (15)%
------- ------- -------- ------- -------- ------- ------- --------
Refined Zinc
- Total 205 206 0% 150 37% 457 605 (24)%
------- ------- -------- ------- -------- ------- ------- --------
Refined Zinc
- Integrated 205 206 0% 149 38% 456 605 (25)%
------- ------- -------- ------- -------- ------- ------- --------
Refined Zinc
- Custom - - - 1 - 1 - -
------- ------- -------- ------- -------- ------- ------- --------
Refined Lead
- Total (2) 39 35 10% 31 26% 94 107 (12)%
------- -------- ------- -------- ------- --------
Refined Lead
- Integrated 39 35 10% 31 26% 94 102 (8)%
------- -------- ------- -------- ------- --------
Refined Lead - - - - - - 5 -
- Custom
------- ------- -------- ------- -------- ------- ------- --------
Silver - Total
(in Tonnes) (3) 118 116 2% 107 10% 314 303 4%
------- ------- -------- ------- -------- ------- ------- --------
Silver- Integrated
(in Tonnes) 118 116 2% 107 10% 314 300 5%
------- ------- -------- ------- -------- ------- ------- --------
Silver- Custom - - - - - 3 -
(in Tonnes)
------- ------- -------- ------- -------- ------- ------- --------
Third quarter FY 2017 vs. previous quarters
Mined metal production was 276,000 tonnes, higher by 21% compared with Q3 FY2016 and 44% sequentially. The sequential increase was on account of higher volumes from Rampura Agucha open cast mine in accordance with mine plan and the y-o-y increase was driven by higher volumes from Rampura Agucha underground and open cast mines.
We are on track to achieve stated guidance of higher mined metal production in FY2017 compared to FY2016.
Integrated zinc metal production during the quarter was at 205,000 tonnes, up 38% from previous quarter, and flat y-o-y on account of accretion of mined metal inventory. Integrated saleable lead metal production during the quarter was 39,000 tonnes, up 26% sequentially and 10% y-o-y. The y-o-y increase was in line with mined metal production, while the sequential increase was on account of enhanced smelter efficiencies. Integrated silver production during the quarter increased by 10% to 118 tonnes from previous quarter and 2% y-o-y.
In line with the on-going expansion to reach 1.2 mtpa mined metal production capacity, environmental clearances were received for Sindesar Khurd expansion of ore production capacity from 3.75 mtpa to 4.5 mtpa and for Zawar mine to 4 mtpa.
Nine months FY 2017 vs. nine months FY 2016
Mined metal production during the nine month period was 15% lower y-o-y. This was in line with the earlier guidance of substantially higher mined metal production in H2, and Q4 production will be higher than Q3. Integrated silver production was higher by 5% y-o-y primarily due to higher volume from our silver-rich Sindesar mine. During this nine month period, underground mines ramped up significantly to achieve a substantial 60% y-o-y increase in ore production and 55% y-o-y increase in mined metal production.
Zinc - International
Q3 Q2 Nine months
ended
--------------------------- ------------------
Particulars FY2017 FY2016 % change FY2017 % change FY2017 FY2016 % change
(in'000 tonnes, YoY QoQ YoY
or as stated)
------- ------- --------- ------- --------- ------- ------- ---------
Zinc International 33 51 (35)% 39 (17)% 115 184 (38)%
------- ------- --------- ------- --------- ------- ------- ---------
Zinc -refined
-Skorpion 17 13 34% 23 (25)% 64 55 16%
------- ------- --------- ------- --------- ------- ------- ---------
Mined metal
content - BMM 15 17 (11)% 16 (5)% 51 48 5%
------- ------- --------- ------- --------- ------- ------- ---------
Mined metal
content - Lisheen - 21 - - - - 81 -
------- ------- --------- ------- --------- ------- ------- ---------
Third quarter FY 2017 vs. previous quarters
Total production for Q3 FY2017 was 33,000 tonnes, 35% lower y-o-y primarily due to the closure of the Lisheen mine in November 2015, following 17 years of successful operations. Q3 FY2017 production excluding Lisheen was 9% higher y-o-y. Production was 17% lower q-o-q mainly due to technical issues at Skorpion and BMM which necessitated some production rescheduling.
Skorpion production during the quarter was 17,000 tonnes, 34% higher y-o-y but 25% lower q-o-q, due to increased upstream material handling challenges to treat wetter than anticipated ore through the refinery. BMM production for the quarter was 15,000 tonnes, 11% lower y-o-y and 5% lower q-o-q, primarily due to equipment unavailability.
At the Gamsberg Project, pre-start activities and waste-stripping is progressing well. To date, we have excavated over 13 million tonnes of waste rock. Project cost of c.75% is committed to date with major orders for the mining contract, the concentrator plant and power and water connections placed. The balance orders for equipment are planned to be placed in Q4 FY2017. The first production is on track for mid CY2018 followed by 9-12 months ramp up to full production of 250 ktpa. The expected COP at Gamsberg is $1,000-$1,150 per tonne.
Nine months FY 2017 vs. nine months FY 2016
Total production was 115,000 tonnes, 38% lower compared to corresponding prior period mainly due to closure of the Lisheen mine. Production volume from Skorpion and BMM was up by 16% and 5%, respectively.
Iron Ore
Q3 Q2 Nine months
ended
--------------------------- ------------------
Particulars FY2017 FY2016 % change FY2017 % change FY2017 FY2016 % change
(in million YoY QoQ YoY
dry metric tonnes,
or as stated)
------- ------- --------- ------- --------- ------- ------- ---------
IRON ORE
------- ------- --------- ------- --------- ------- ------- ---------
Sales 3.7 1.5 - 0.8 - 7.1 2.7 -
------- ------- --------- ------- --------- ------- ------- ---------
Goa 2.7 0.6 - 0.3 - 5.1 0.6 -
------- ------- --------- ------- --------- ------- ------- ---------
Karnataka 1.0 0.9 4% 0.5 - 2.0 2.1 (6)%
------- ------- --------- ------- --------- ------- ------- ---------
Production of
Saleable Ore 2.6 1.4 - 1.5 - 7.3 2.4 -
------- ------- --------- ------- --------- ------- ------- ---------
Goa 2.3 0.3 - 0.5 - 5.2 0.3 -
------- ------- --------- ------- --------- ------- ------- ---------
Karnataka 0.4 1.1 (66)% 0.9 (60)% 2.1 2.1 3%
------- ------- --------- ------- --------- ------- ------- ---------
Production ('000
tonnes)
------- ------- --------- ------- --------- ------- ------- ---------
Pig Iron 154 146 5% 192 (20)% 526 466 13%
------- ------- --------- ------- --------- ------- ------- ---------
Third quarter FY 2017 vs. previous quarters
At Goa, production was 2.3 million tonnes and sales were 2.7 million tonnes during the quarter. Mining activities resumed post the monsoon season, and hence production was significantly higher sequentially. At Karnataka, production was 0.4 million tonnes and sales were 1.0 million tonnes. Sales were higher than production at Goa and Karnataka due to sales from opening inventory.
During Q3 FY2017, production of pig iron was higher y-o-y at 154,000 tonnes due to higher plant availability post debottlenecking. Production was lower by 20% q-o-q primarily due to the maintenance shutdown for relining one of the furnaces for about 35 days in Q3 FY2017.
Our annual mining allocations of 5.5mt and 2.3mt for Goa and Karnataka, respectively, are expected to be achieved in the current month. We have been engaged with the respective state governments for an increase in the mining caps. The Goa government has granted additional mining allocation to us for the current fiscal year, and we expect to produce an additional 2 to 3mt this year.
Nine months FY 2017 vs. nine months FY 2016
Production at Goa was 5.2 million tonnes and sales were 5.1 million tonnes. At Karnataka, production was 2.1 million tonnes and sales were 2.0 million tonnes. Production of pig iron ramped up to a record production of 526,000 tonnes due to higher plant availability post debottlenecking.
Copper - India
Q3 Q2 Nine months
ended
-------------------------- -----------------
Particulars FY2017 FY2016 % FY2017 % FY2017 FY2016 %
(in'000 tonnes, change change change
or as stated) YoY QoQ YoY
------- ------- -------- ------- -------- ------- ------- --------
COPPER- INDIA
------- ------- -------- ------- -------- ------- ------- --------
Copper - Cathodes 102 89 15% 97 5% 300 282 6%
------- ------- -------- ------- -------- ------- ------- --------
Tuticorin
Power Sales
(MU) 46 40 15% 30 55% 136 334 (59)%
------- ------- -------- ------- -------- ------- ------- --------
Third quarter FY 2017 vs. previous quarters
The Tuticorin smelter produced 102,000 tonnes of cathodes during Q3 FY2017, up 15% y-o-y. During Q3 FY2016, volumes were lower on account of flooding in the state and unplanned shutdowns.
The 160 MW power plant at Tuticorin operated at a lower plant load factor (PLF) of 56% during Q3 FY2017 (PLF of 52% in Q3 FY2016, 48% during Q2 FY2017). PLF was lower due to lower off-take by the Telangana State Electricity Board (TSEB). However, as per our offtake agreement with TSEB, we are entitled to compensation at the rate 20% of the contracted rate, for off-take below 85% of the contracted quantity.
Nine months FY 2017 vs. nine months FY 2016
Production volume from the Tuticorin smelter was 300,000 tonnes of cathodes, higher by 6% compared to corresponding prior period. The 160MW power plant at Tuticorin operated at a PLF of 55% in the first nine months of FY2017 compared to 95% in corresponding prior period, primarily due to lower offtake restrictions from Tamil Nadu Electricity Board (TNEB) and TSEB. The power purchase agreement with TNEB ended on 31(st) May 2016 post which we entered into an agreement with TSEB.
Aluminium
Q3 Q2 Nine months
ended
--------------------------- ------------------
Particulars(in'000 FY2017 FY2016 % change FY2017 % change FY2017 FY2016 % change
tonnes, or as YoY QoQ YoY
stated)
------- ------- --------- ------- --------- ------- ------- ---------
Aluminium
------- ------- --------- ------- --------- ------- ------- ---------
Alumina-Lanjigarh 328 218 50% 292 12% 895 760 18%
------- ------- --------- ------- --------- ------- ------- ---------
Total Aluminium
Production 319 234 37% 296 8% 860 697 23%
------- ------- --------- ------- --------- ------- ------- ---------
Jharsuguda-I 132 131 1% 132 0% 393 392 0%
------- ------- --------- ------- --------- ------- ------- ---------
Jharsuguda-II
(4) 84 19 - 48 75% 161 57 -
------- ------- --------- ------- --------- ------- ------- ---------
Korba-I 65 65 0% 63 3% 192 192 0%
------- ------- --------- ------- --------- ------- ------- ---------
Korba-II (5) 38 19 - 52 (27)% 115 56 -
------- ------- --------- ------- --------- ------- ------- ---------
Balco 270 MW - - - - - - -
* (6)
------- ------- --------- ------- --------- ------- ------- ---------
Jharsuguda 1800
MW (Surplus Power
Sales in Million
Units) * (6) - - - 156 - 511 - -
------- ------- --------- ------- --------- ------- ------- ---------
* Jharsuguda 1,800MW and Balco 270 MW have been moved from the power to the Aluminum segment from 1(st) April 2016.
Third quarter FY 2017 vs. previous quarters
The first line of the 1.25 mtpa Jharsuguda-II smelter was impacted by a transformer failure incident earlier this month. Rectification work is in process and 80 pots of the 336 pots are currently operational. The second line is nearing full ramp up with 329 pots of the 336 pots commissioned. The balance pots of the line will be commissioned shortly. The ramp up of the third line of the smelter has commenced in end December 2016.
The 325kt BALCO-II smelter had been impacted by a pot failure incident in Q2 FY2017. 200 pots of the 336 pots are currently operational and full ramp-up of the smelter is expected by the end of Q4 FY2017. The rolled product facility at BALCO, which was temporarily shut-down last year, successfully commenced its operations in Q2 FY2017 following optimisation of its cost structure, and produced 6,100 tonnes during the quarter.
The two streams of the Lanjigarh refinery operated during the quarter and produced 328,000 tonnes in Q3 FY2017, 12% higher than Q2 FY2017. The refinery currently has a debottlenecked capacity of 1.7 - 2.0 million tonnes per annum.
There were no sales from the 1,800 MW Jharsuguda power plant due to a weak power market. However, the PLF's will continue to increase as we ramp up the Jharsuguda-II smelter.
Coal linkages of 6mtpa were secured through auctions in Q2 FY2017 for captive power plants. Supply has commenced from these linkages in November 2016.
We expect to produce between 1 to 1.1 mtpa of Aluminium (excluding trial run production) in FY2017.
Nine months FY2017 vs nine months FY2016
Aluminium production was a record at 860,000 tonnes, 23% higher y-o-y mainly on account of ramp up of additional pots at the BALCO-II and Jharsuguda-II smelters. Alumina production was 18% higher at 895,000 tonnes, due to the commencement of the second stream of the refinery from 1(st) April 2016.
Power
Q3 Q2 Nine months
period
--------------------------- ------------------
Particulars FY2017 FY2016 % change FY2017 % change FY2017 FY2016 % change
(in million YoY QoQ YoY
units)
------- ------- --------- ------- --------- ------- ------- ---------
Power
------- ------- --------- ------- --------- ------- ------- ---------
Total Power
Sales 3,413 2,934 16% 3,030 13% 9,453 8,728 8%
------- ------- --------- ------- --------- ------- ------- ---------
Jharsuguda
600 MW(*
6) 879 1,593 (45)% 605 45% 2,376 5,413 (56)%
------- ------- --------- ------- --------- ------- ------- ---------
TSPL 1,792 839 - 1,679 7% 4,743 1,922 -
------- ------- --------- ------- --------- ------- ------- ---------
Balco 600
MW 660 368 79% 549 20% 1,817 526 -
------- ------- --------- ------- --------- ------- ------- ---------
Balco 270
MW(* 6) - 41 - - - - 169 -
------- ------- --------- ------- --------- ------- ------- ---------
MALCO 29 26 12% 25 16% 144 345 (58)%
------- ------- --------- ------- --------- ------- ------- ---------
HZL Wind
Power 53 67 (22)% 172 (69)% 373 353 6%
------- ------- --------- ------- --------- ------- ------- ---------
TSPL - Availability 77% 85% - 77% - 76% 77% -
------- ------- --------- ------- --------- ------- ------- ---------
* Jharsuguda 1,800MW and Balco 270 MW have been moved from the power to the Aluminum segment from 1(st) April 2016.
Third quarter FY 2017 vs. previous quarters
Total power sales were higher y-o-y due to the commissioning of additional power units at TSPL and BALCO over the last one year.
Power sales from TSPL increased with all three units being operational. In Q3 FY2017, the three units operated at an availability of 77%. The Power Purchase Agreement with the Punjab State Power Corporation Limited (PSPCL) compensates us based on the availability of the plant.
The Jharsuguda 600MW power plant operated at a plant load factor (PLF) of 72% in Q3 FY2017 (PLF 66% in Q3 FY2016, 50% in Q2 FY2017).
The 600 MW units (2x300MW) of BALCO IPP operated at a PLF of 55% in Q3 FY2017 due to a weaker power market.
PLF at the MALCO power plant was lower due to lower off-take by the Telangana State Electricity Board (TSEB). However, as per the contract entered into with TSEB, we are entitled to compensation at 20% of the contracted rate for off-take below 85% of the contractual quantity
Nine months FY2017 vs nine months FY2016
Power sales were higher by 8% compared with corresponding prior period due to commissioning of additional units at TSPL and BALCO power plants.
Production Summary (Unaudited)
(In '000 tonnes, except as stated)
Particulars Q3 Q2 Nine months
period
------------------------- ------------------- ----------------------------
% % Change %
FY FY Change FY QoQ FY FY Change
2017 2016 YoY 2016 2017 2016 YoY
------------------------- -------- -------- -------- --------- -------- -------- --------
OIL AND GAS
------------------------- -------- -------- -------- --------- -------- -------- --------
Average Daily Total
Gross Operated
Production (boepd)
(1) 191,230 211,843 (10%) 206,230 (7)% 201,286 214,663 (6)%
------------------------- -------- -------- -------- --------- -------- -------- --------
Average Daily Gross
Operated Production
(boepd) 181,818 202,668 (10%) 196,399 (7)% 191,674 205,909 (7)%
------------------------- -------- -------- -------- --------- -------- -------- --------
Rajasthan 154,272 170,444 (9%) 167,699 (8)% 162,957 170,258 (4)%
------------------------- -------- -------- -------- --------- -------- -------- --------
Ravva 18,172 21,703 (16%) 18,823 (3)% 18,874 25,430 (26)%
------------------------- -------- -------- -------- --------- -------- -------- --------
Cambay 9,375 10,521 (11%) 9,877 (5)% 9,843 10,221 (4)%
------------------------- -------- -------- -------- --------- -------- -------- --------
Average Daily Working
Interest Production
(boepd) 115,829 128,402 (10%) 125,575 (8)% 122,254 128,991 (5)%
------------------------- -------- -------- -------- --------- -------- -------- --------
Rajasthan 107,990 119,311 (9%) 117,390 (8)% 114,070 119,180 (4)%
------------------------- -------- -------- -------- --------- -------- -------- --------
Ravva 4,089 4,883 (16%) 4,235 (3)% 4,247 5,722 (26)%
------------------------- -------- -------- -------- --------- -------- -------- --------
Cambay 3,750 4,208 (11%) 3,951 (5)% 3,937 4,089 (4)%
------------------------- -------- -------- -------- --------- -------- -------- --------
Total Oil and Gas -
(million boe)
------------------------- -------- -------- -------- --------- -------- -------- --------
Oil & Gas- Gross 16.73 18.65 (10%) 18.07 (7)% 52.71 56.62 (7)%
------------------------- -------- -------- -------- --------- -------- -------- --------
Oil & Gas-Working
Interest 10.66 11.81 (10%) 11.55 (8)% 33.62 35.47 (5)%
------------------------- -------- -------- -------- --------- -------- -------- --------
Zinc India
------------------------- -------- -------- -------- --------- -------- -------- --------
Mined metal content 276 228 21% 192 44% 595 700 (15)%
------------------------- -------- -------- -------- --------- -------- -------- --------
Refined Zinc -
Total 205 206 0% 150 37% 457 605 (24)%
------------------------- -------- -------- -------- --------- -------- -------- --------
Refined Zinc -
Integrated 205 206 0% 149 38% 456 605 (25)%
------------------------- -------- -------- -------- --------- -------- -------- --------
Refined Zinc -
Custom - - - 1 - 1 - 0%
------------------------- -------- -------- -------- --------- -------- -------- --------
Refined Lead -
Total (2) 39 35 10% 31 26% 94 107 (12)%
------------------------- -------- -------- -------- --------- -------- -------- --------
Refined Lead -
Integrated 39 35 10% 31 26% 94 102 (8)%
------------------------- -------- -------- -------- --------- -------- -------- --------
Refined Lead - - - - - - - 5 -
Custom
------------------------- -------- -------- -------- --------- -------- -------- --------
Silver - Total
(in Tonnes) 3 118 116 2% 107 10% 314 303 4%
------------------------- -------- -------- -------- --------- -------- -------- --------
Silver- Integrated
(in Tonnes) 118 116 2% 107 10% 314 300 5%
------------------------- -------- -------- -------- --------- -------- -------- --------
Silver- Custom - - - - - 3 -
(in Tonnes)
------------------------- -------- -------- -------- --------- -------- -------- --------
Zinc International 33 51 (35)% 39 (17)% 115 184 (38)%
------------------------- -------- -------- -------- --------- -------- -------- --------
Zinc -Refined -Skorpion 17 13 34% 23 (25)% 64 55 16%
------------------------- -------- -------- -------- --------- -------- -------- --------
Mined metal content
- BMM 15 17 (11)% 16 (5)% 51 48 5%
------------------------- -------- -------- -------- --------- -------- -------- --------
Mined metal content
- Lisheen - 21 - - - - 81 -
------------------------- -------- -------- -------- --------- -------- -------- --------
IRON ORE (in million
dry metric tonnes,
or as stated)
------------------------- -------- -------- -------- --------- -------- -------- --------
Sales 3.7 1.5 - 0.8 - 7.1 2.7 -
------------------------- -------- -------- -------- --------- -------- -------- --------
Goa 2.7 0.6 - 0.3 - 5.1 0.6 -
------------------------- -------- -------- -------- --------- -------- -------- --------
Karnataka 1.0 0.9 4% 0.5 - 2.0 2.1 (6)%
------------------------- -------- -------- -------- --------- -------- -------- --------
Production of Saleable
Ore 2.6 1.4 - 1.5 - 7.3 2.4 -
------------------------- -------- -------- -------- --------- -------- -------- --------
Goa 2.3 0.3 - 0.5 - 5.2 0.3 -
------------------------- -------- -------- -------- --------- -------- -------- --------
Karnataka 0.4 1.1 (66)% 0.9 (60)% 2.1 2.1 3%
------------------------- -------- -------- -------- --------- -------- -------- --------
Particulars Q3 Q2 Nine months
period
-----------------
FY FY % Change FY % Change FY FY % Change
2017 2016 YoY 2017 QoQ 2017 2016 YoY
------- --------- ------ --------- ------ ------ ---------
Pig Iron 154 146 5% 192 (20)% 526 466 13%
----------------------- ------- --------- ------ --------- ------ ------ ---------
COPPER - INDIA
----------------------- ------- --------- ------ --------- ------ ------ ---------
Copper - Cathodes 102 89 15% 97 5% 300 282 6%
----------------------- ------- --------- ------ --------- ------ ------ ---------
Tuticorin Power
Plant Sales (MU) 46 40 15% 30 55% 136 334 (59)%
----------------------- ------- --------- ------ --------- ------ ------ ---------
ALUMINUM
----------------------- ------- --------- ------ --------- ------ ------ ---------
Alumina-Lanjigarh 328 218 50% 292 12% 895 760 18%
----------------------- ------- --------- ------ --------- ------ ------ ---------
Total Aluminum
Production 319 234 37% 296 8% 860 697 23%
----------------------- ------- --------- ------ --------- ------ ------ ---------
Jharsuguda-I 132 131 1% 132 0% 393 392 0%
----------------------- ------- --------- ------ --------- ------ ------ ---------
Jharsuguda-II(4) 84 19 - 48 75% 161 57 -
----------------------- ------- --------- ------ --------- ------ ------ ---------
Korba-I 65 65 0% 63 3% 192 192 0%
----------------------- ------- --------- ------ --------- ------ ------ ---------
Korba-II(5) 38 19 - 52 (27)% 115 56 -
----------------------- ------- --------- ------ --------- ------ ------ ---------
Balco 270 MW * - - - - - - - -
(6)
----------------------- ------- --------- ------ --------- ------ ------ ---------
Jharsuguda 1800
MW (Surplus Power
Sales in Million
Units) * (6) - - - 156 - 511 - -
----------------------- ------- --------- ------ --------- ------ ------ ---------
POWER (in million
units)
----------------------- ------- --------- ------ --------- ------ ------ ---------
Total Power Sales 3,413 2,934 16% 3,030 13% 9,453 8,728 8%
----------------------- ------- --------- ------ --------- ------ ------ ---------
Jharsuguda 600
MW(* 6) 879 1,593 (45)% 605 45% 2,376 5,413 (56)%
----------------------- ------- --------- ------ --------- ------ ------ ---------
TSPL 1,792 839 - 1,679 7% 4,743 1,922 -
----------------------- ------- --------- ------ --------- ------ ------ ---------
Balco 600 MW 660 368 79% 549 20% 1,817 526 -
----------------------- ------- --------- ------ --------- ------ ------ ---------
Balco 270 MW (*
6) - 41 - - - - 169 -
----------------------- ------- --------- ------ --------- ------ ------ ---------
MALCO 29 26 12% 25 16% 144 345 (58)%
----------------------- ------- --------- ------ --------- ------ ------ ---------
HZL Wind Power 53 67 (22)% 172 (69)% 373 353 6%
----------------------- ------- --------- ------ --------- ------ ------ ---------
TSPL - Availability 77% 85% - 77% - 76% 77% -
----------------------- ------- --------- ------ --------- ------ ------ ---------
Ports - VGCB (in
million tonnes)
(7)
----------------------- ------- --------- ------ --------- ------ ------ ---------
Cargo Discharge 0.6 1.8 (65)% 1.3 (49)% 3.5 5.5 (36)%
----------------------- ------- --------- ------ --------- ------ ------ ---------
Cargo Dispatches 0.7 1.9 (65)% 1.5 (56)% 3.6 5.7 (36)%
----------------------- ------- --------- ------ --------- ------ ------ ---------
1. Including Internal Gas consumption
2. Excluding Captive consumption of 1,731 tonnes in Q3 FY2017 vs 2,051 tonnes in Q3 FY2016, 837 tonnes in Q2 FY2017 and 3,652 tonnes in nine months period FY2017 vs. 5,749 tonnes in nine months period FY2016
3. Excluding captive consumption of 8.9 MT in Q3 FY2017 as compared with 10.7 MT in Q3 FY2016 and 4.3 MT Q2 FY2017. For nine month period FY2017, it was 18.7 MT as compared with 29.7 MT for nine months period FY2016.
4. Including trial run production of 36 kt in Q3 FY2017, 12 kt in Q3 FY2016, 19 kt in Q2 FY2017, 67 kt in nine months ended FY2017 vs 51 kt in in nine months ended FY 2016
5. Including trial run production of 270t in Q3 FY2017, Nil in Q3 FY2016, 28 kt in nine months ended FY2017 vs Nil kt in in nine months ended FY2016
6. Jharsuguda 1,800MW and Balco 270 MW have been moved from the power to the Aluminum segment from 1st April 2016
7. Vizag General Cargo Berth
For further information, please contact:
Communications
Roma Balwani Tel: +91 22 6646
President - Group Communications, 1000
Sustainability& CSR gc@vedanta.co.in
Investor Relations
Ashwin Bajaj Tel: +91 22 6646
Director - Investor Relations 1531
vedantaltd.ir@vedanta.co.in
Vishesh Pachnanda
Manager - Investor Relations
Sunila Martis
Associate General Manager - - Investor Relations
About Vedanta Limited (Formerly SesaSterlite Ltd.)
Vedanta Limited is a diversified natural resources company, whose business primarily involves producing oil & gas, zinc - lead - silver, copper, iron ore, aluminium and commercial power. The company has a presence across India, South Africa, Namibia, Australia and Ireland.
Vedanta Limited is the Indian subsidiary of Vedanta Resources Plc, a London-listed company. Governance and Sustainable Development are at the core of Vedanta's strategy, with a strong focus on health, safety and environment and on enhancing the lives of local communities. The company is conferred with the Confederation of Indian Industry (CII) 'Sustainable Plus Platinum label', ranking among the top 10 most sustainable companies in India. To access the Vedanta Sustainable Development Report 2016, please visit http://sustainabledevelopment.vedantaresources.com/content/dam/vedanta/corporate/documents/Otherdocuments/SDreport2015-16/Vedanta%20SDR%20FY%2015-16.pdf
Vedanta Limited is listed on the Bombay Stock Exchange and the National Stock Exchange in India and has ADRs listed on the New York Stock Exchange.
For more information please visit www.vedantalimited.com
Vedanta Limited
(Formerly known as SesaSterlite Limited)
Vedanta, 75, Nehru Road,
Vile Parle (East), Mumbai - 400 099
www.vedantalimited.com
Registered Office:
SesaGhor, 20 EDC Complex,
Patto, Panaji (Goa) - 403 001
CIN: L13209GA1965PLC000044
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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January 16, 2017 04:35 ET (09:35 GMT)
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