SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Sesa Sterlite reports decline in iron ore production for FY15

11 Apr 2015 Evaluate

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.

 

Vedanta Share Price

787.60 4.85 (0.62%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Hindalco 1038.95
Vedanta 787.60
Hindustan Zinc 592.35
Jain Resource Recycl 420.90
Gravita India 1639.80
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×