MoneyWorks4Me

Vedanta sells 1.6 MT of iron ore from Goa in Q4FY16

12 Apr 2016 Evaluate

Vedanta has sold 1.6 million tonnes (MT) of iron ore from Goa during January-March quarter of the last fiscal. The firm also clocked a production of 1.9 MT during the reported quarter of the last fiscal, even as the production was impacted due to delay in transportation rate negotiations with the truckers.

The total sale of 1.6 MT included 0.8 MT of traded ore purchased from the e-auctions. In Karnataka, production was 0.9 million tonnes and sales were 1 MT during the quarter.

For the entire fiscal, Vedanta’s production at Goa was 2.2 MT and sales were 2.2 MT, including 1.4 MT of traded ore purchased from the e-auctions. In Karnataka, production was 3 MT, through a combination of production of 2.15 MT and opening crude ore inventory of 0.8 MT.

Peers
Company Name CMP
Hindalco Industries 981.90
Vedanta 264.35
Hindustan Zinc 576.05
Jain Resource Recycl 284.70
CMR Green Tech 216.55
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