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Vedanta Update on Aluminium Business in Q1 of 2020-21

Metal News - Published on Tue, 13 Oct 2020

Image Source: Vedanta Aluminium
The Lanjigarh refinery produced 476,000 tonnes of alumina in Q1FY21, 7% higher as compared to Q1FY20 and flat as compared to Q4FY20 due to plant debottlenecking. Improved captive alumina production and higher mix of locally sourced bauxite are key to driving our aluminium costs lower. The Lanjigarh refinery continues to operate at over 1.8 mtpa production run rate. The Odisha Mining Corporation production operates its bauxite mine with production run rate of 3.0 Mtpa, with bauxite supplies to Lanjigarh refinery as per state policy.

Aluminium production in Q1FY21 was at 469,000 tonnes. The Line 4 of Jharsuguda Smelter II continues to be under evaluation.

All our refinery, smelter & power plant operations for Aluminium have adapted to newer external conditions due to COVID-19 impact, across our in-plant operations and supply chain. We continue to dynamically alter our product mix to meet our customer requirements. Coal continues to be a key focus area for management. We have signed the Coal Mines Development and Production Agreement with Government of India for the Jamkhani coal block. This will improve our coal security and availability, and therefore help to drive our costs down.

At our Lanjigarh refinery, production was 1,811,000 tonnes, 21% higher as compared to FY 2019, primarily through continued plant debottlenecking. We ended the year with production of 1,904,000 tonnes (including trial run), largely flat year-on-year. Both smelters at BALCO and Jharsuguda continued to show consistent performance. During the Fiscal Year 2020, we won the Jamkhani coal block, taking our coal security to 72% of our requirements.

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Posted By : Yogender Pancholi on Tue, 13 Oct 2020
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