Sesa Sterlite a Vedanata Group company has announced production figures for its various businesses for the Q4 and full year ended 31 March 2014.
Mined metal production of the company's subsidiary Hindustan Zinc dropped 23% to 200,000 tonnes in Q4 March 2014 over Q4 March 2013.
Mined metal production rose 1% to 880,000 tonnes in the year ended 31 March 2014 (FY 2014) over the year ended 31 March 2013 (FY 2013).
Mined metal production of the company's subsidiary Hindustan Zinc dropped 23% to 200,000 tonnes in Q4 March 2014 over Q4 March 2013.
Mined metal production rose 1% to 880,000 tonnes in the year ended 31 March 2014 (FY 2014) over the year ended 31 March 2013 (FY 2013).
Full year production of zinc is higher by 13%
Full year production of Lead is higher by 10%
Full year production of Silver is higher by 4%
Sesa Sterlite said that the company resumed iron ore mining in Karnataka on 28 December 2013 and optimized its approved annual capacity of 2.29mtpa, which resulted in a production of 1.5mt in FY 2014. However, only 27 kt was sold during the year. At Goa, the company participated in e-auctions of inventory and sold 0.3 million tonnes in Q4 March 2014 but these were not accounted for as sales since the dispatches did not take place during the quarter.
The company said that production of pig iron rose 28% to 133,000 tonnes in Q4 March 2014 over Q4 March 2013. Production of met coke rose 27% to 119,000 tonnes in Q4 March 2014 over Q4 March 2013.
Production of copper cathodes rose 14% to 98,000 tonnes in Q4 March 2014 over Q4 March 2013. The full year production was 17% lower due to the temporary closure in Q1 June 2013, the company said.
Total aluminum production rose 2% to 200,000 tonnes in Q4 March 2014 over Q4 March 2013. Total aluminum production rose 3% to 794,000 tonnes in FY 2014 over FY 2013.
Total power sales fell 21% to 2,093 million units in Q4 March 2014 over Q4 March 2013. Total power sales fell 7% to 9,374 million units in FY 2014 over FY 2013.