Team News Riveting
Raipur, January 3
Vedanta Limited, a subsidiary of Vedanta Resources Limited, has registered a record aluminium production of 16,97,000 tonnes in the first nine months of financial year 2021-22 (FY22), which is 18 per cent higher year-on-year (y-o-y).
The alumina production was 1,465,000 tonnes, 9 per cent higher y-o-y, world’s leading Oil and Gas, and Metals company, said in a regulatory filing today. The Lanjigarh refinery produced 472,000 tonnes of alumina in third quarter (Q3) FY22, 16 per cent higher as compared to Q3 FY2021 and 8 per cent lower as compared to Q2 FY2022.
The cast metal aluminium production at company’s smelters stood at 579,000 tonnes in Q3 FY22, higher 16 per cent in comparison to Q3 FY2021 and 2% as compared to Q2 FY2022.
Power sales at Talwandi Sabo Power Limited (TSPL) were 5,776 million units in nine months ended FY2022, 40 per cent higher as compared to nine months ended of FY2021. Availability was on lower side at 70 per cent for nine months ended FY2022 as compared to 79 per cent for nine months ended FY2021. This was primarily due to couple of technical issues encountered in units in FY2022.
However, the opportunity has been used for complete overhauling of unit-1 and unit-3 that ensures robust availability ahead.
During Q3 FY2022, power sales were 3,450 million units higher by 68 per cent as compared to Q3 FY2021 and 19 per cent higher as compared to Q2 FY2022.
The 600 MW Jharsuguda IPP operated at plant load factor (PLF) of 62 per cent in Q3 FY2022 (PLF of 63 per cent in Q3 FY2021 and 64 per cent in Q2 FY22). Power sales at TSPL were 2,357 million units with 92% plant availability factor in Q3 FY2022. At TSPL, the Power Purchase Agreement with the Punjab State Electricity Board compensates us based on the availability of the plant.
The 300 MW BALCO IPP operated at a PLF of 73 per cent in Q3 FY2022 (PLF of 65 per cent in Q3 FY21 and 50 per cent in Q2 FY22). Wind power generation is largely dependent on wind velocity and hence the variations.
Vedanta’s total saleable production for Q3 FY2022 was 350 KT, higher by 3 per cent as compared to Q3 FY2021 and 20 per cent as compared to Q2 FY2022 owing to capital shutdown at Blast Furnace in August 2021.
Total Saleable production for nine months ended FY2022 was 932 KT, 7 per cent higher as compared to nine months ended FY2021 mainly due to COVID-19 restrictions which were in place in FY2021.
