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Vedanta Resources Q2 updates on aluminum

Thursday, Oct 20, 2011
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Aluminum production in H1 was 322,000 tonnes, 7% higher than the corresponding prior period. Aluminum production in Q2 was 8% lower at 149,000 tonnes post the pot outage in Q1 at the 500 kilo tonne per annum Jharsuguda I smelter. The Korba smelter continues to operate above its rated capacity. Aluminum costs were higher due to pot relining and higher coal prices.


At Jharsuguda-I, we remain on track to return to normal capacity by the end of Q3 FY2011 to 2012 and approximately 115 of the 170 affected pots had been restarted by the end of Q2. Alumina production at Lanjigarh was 228,000 tonnes in Q2 and 451,000 tonnes in H1 up 33% and 20%, respectively as compared with the corresponding prior periods.


The first unit of the BALCO 1,200 MW captive power plant is now expected to be synchronized in Q3 FY2011 to 2012 and work on the other units is progressing as planned. The 325 kilo tonne per annum Korba smelter construction is progressing well and first metal tapping is expected in Q4 FY2011 to 2012.


The 1.25 million tonne per annum Jharsuguda-II smelter project is in final stages of completion and we continue to evaluate the option of selling power versus producing aluminum at this smelter.

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