Sesa Sterlite has reported a decline in production of oil and gas, zinc and iron ore for the financial year 2014-15. However, the output of copper, aluminium and power business rose during the fiscal that ended on March 31, as compared to the year-ago period.
The Vedanta Group company’s iron ore production dropped a steep 59 per cent during the fiscal to 0.6 million tonnes, owing to ban in its mining activities in Karnataka and Goa. In 2013-14 fiscal, it had fallen by 60 per cent.
Meanwhile, the average daily oil production declined 3 per cent to 2.11 lakh barrels in 2014-15, while the refined zinc output dropped by two per cent at 7.34 lakh tonnes. Oil production declined largely on account of maintenance at Mangala Processing Terminal at Rajasthan, higher than expected water cut at Bhagyam in Rajasthan and suspension of gas sales at Ravva for around three months.
Besides, copper production rose by 23 per cent to 3.62 lakh tonnes during 2014-15, and aluminium output went up by 10 per cent and clocked 8.77 lakh tonnes in the fiscal. Further, mined metal production was at 8.87 lakh tonnes, up by 1 per cent, while power production increased 5 per cent to 9,859 million units during 2014-15.
| Company Name | CMP |
|---|---|
| Hindalco | 1038.95 |
| Vedanta | 787.60 |
| Hindustan Zinc | 592.35 |
| Jain Resource Recycl | 420.90 |
| Gravita India | 1639.80 |
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