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Steel Mint

Vedanta's Iron Ore Production Up 53% y-o-y in Q1 FY22

09, Aug 2021
Vedanta Ltd. iron ore production in Q1FY'22 was recorded at 1.4 million tonnes (mn t), sourced entirely from its Karnataka mines. Production picked up by 53% as against 0.9 mn t in Q1 FY'21. On a quarterly basis, total output rose by 25% as compared to 1.2 mn t in Q4 FY'21.
Total iron ore sales were recorded at 1.6 mn t in Q1FY'22, up 62% against 1 mn t seen in Q1 FY'21.Major portion of the production came from its Karnataka mines at 1.3 mn t and remaining 0.4 mn t were from its Goa mines.
On a quarterly basis, total iron ore sales dropped 25% as against 2.2 mn t in Q4FY'21.