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Riding on the good performance of group firms Hindustan Zinc, Sterlite Industries and Sesa Goa, Vedanta Resources has registered a record metal output of 8.4 lakh tonnes for the year ended March 31, 2011 up 9 per cent vis-a-vis the same period a year ago.
The company had registered a production of 7.69 lakh tonnes in 2009-10.
During January-March quarter, the company registered a record production of 2.31 lakh tonnes of metal, a growth of 19 per cent compared to the corresponding period a year ago, a Vedanta Resources statement said.
During the corresponding quarter of the previous year, its metal output stood at 1.94 lakh tonnes.
The company attributed the increase in production to higher output from its Rampura Agucha and Sindesar Khurd mines.
In a separate statement, Vedanta Group firm Hindustan Zinc said: “Refined zinc production was 29 per cent higher at 1.94 lakh tonnes in the January-March quarter and 23 per cent higher at 7.12 lakh tonnes for the year 2010-2011.”
The Rajpura Dariba smelter contributed 1.65 lakh tonnes and was one of the main reasons for the rise in the company’s zinc production. The smelter was commissioned in March 2010.
Sesa Goa, another Vedanta Group firm, registered a 21 per cent decline in iron ore production during the fourth quarter to 5.49 mt as the Karnataka Government imposed a ban on iron ore exports. In addition, the termination of its third party mining agreement in Orissa in November 2010 hurt the group firm’s output.
For the year ended March 31, 2011, iron ore production was marginally lower at 18.8 million tonnes, Sesa Goa said in a statement.
Nevertheless, the company posted a slight increase in sales to 6.65 mt during the fourth quarter ended March 31, 2011 compared with 6.55 million tonnes in the same year-ago period.
The statement added that a final hearing on iron ore exports ban is expected to be heard by the apex court in the first week of May.
In a recent ruling, the Supreme Court has asked the Karnataka Government to lift the ban from April 20.
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