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Sesa Goa registers 75% production growth of pig iron in Q4FY13

10 Apr 2013 Evaluate

Sesa Goa has reported the unaudited consolidated production release for the fourth quarter (Q4) and full year ended (FY 2013) as on March 31, 2013. In Q4, the production of pig iron and metallurgical coke were 75% and 48% higher at 104,000 tonnes and 94,000 tonnes, respectively, due to the new capacities commissioned in Q2 FY2013.

At Liberia iron ore project, the exploration activities are progressing well, and the company remains on track to deliver the first shipment by end FY2014. Iron ore operations continue to be affected by suspension of mining in Goa and Karnataka. On full year basis, the production of pig iron and metallurgical coke were 24% and 29% higher at 308,000 tonnes and 331,000 tonnes respectively.

Sesa Goa, which is a part of Vedanta Resources plc, the London-listed FTSE 100 diversified metals and mining major, is India’s largest producer and exporter of iron ore in the private sector with operations in the states of Goa and  Karnataka in India.  The company also manufactures pig iron and metallurgical coke, with a 0.56 mtpa metallurgical coke plant and a 0.625 mtpa pig iron plant in Goa.

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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