Vedanta Q2 Update: Record aluminum, alumina production; Zinc India delivers best-ever mined metal output

The Anil Agarwal-led Vedanta Ltd, on Saturday, reported record highs in aluminum, alumina, and mined metal production for the second quarter ended September 30, 2025. The company highlighted its highest-ever quarterly aluminum output of 617 kt, alongside record alumina production of 653 kt, up 31% year-on-year (YoY).

Zinc India also marked its best-ever Q2 mined metal production at 258 kt, while Zinc International reported a robust 38% YoY jump in production to 60 kt.

The second quarter performance also included the highest-ever pig iron output at 238 kt, registering a 26% YoY increase.

With these operational milestones, Vedanta underscored steady momentum across its diversified portfolio, supported by operational efficiencies and newly commissioned power capacities such as Meenakshi 1000 MW and Athena 600 MW units, which are now fully functional.

Here’s a segment wise update on the company’s second quarter updates:

Aluminum and Alumina

Vedanta achieved its highest-ever quarterly alumina production at 653 kt, a sharp 31% YoY increase from 499 kt in Q2 FY25, driven by record output at the Lanjigarh refinery. Aluminum production stood at 617 kt, marginally up 1% YoY from 609 kt.Within aluminum operations, Jharsuguda contributed 467 kt (up 2% YoY) while BALCO added 150 kt, remaining steady compared to 149 kt a year ago. For the first half (H1), total aluminum production stood at 1,222 kt, nearly flat with the prior year.

Zinc India

At Zinc India, mined metal production rose 1% YoY to 258 kt, the highest-ever for a second quarter. However, saleable metal output declined 6% YoY to 246 kt due to lower refined lead and silver volumes.

Refined Zinc rose 2% YoY to 202 kt, while refined Lead dropped sharply by 29% YoY to 45 kt.

Meanwhile, silver production fell 22% YoY to 144 tonnes (4.6 mn ounces).

For H1 FY26, mined metal production stood at 523 kt, also a record, up 1% from the previous year.

Zinc International

Zinc International delivered strong growth, with total mined metal production up 38% YoY to 60 kt in Q2 FY26, compared to 44 kt in Q2 FY25. This was largely driven by a 54% YoY rise in Gamsberg output to 49 kt, while BMM declined slightly by 5% YoY to 11 kt.

For the half year, production surged 44% YoY to 117 kt.

Oil & Gas

Vedanta’s oil and gas business saw declines during the quarter. Average daily gross operated production fell 15% YoY to 89.3 kboepd, compared to 104.9 kboepd in Q2 FY25. Rajasthan fields contributed 70.9 kboepd, down 17% YoY, while Ravva declined 25% YoY to 8.2 kboepd. In contrast, Cambay production rose 38% YoY to 6.6 kboepd.

On a working interest basis, production dropped 15% YoY to 58.2 kboepd.

Iron Ore and Pig Iron

Iron ore production declined due to weather disruptions. Saleable ore output fell 19% YoY to 1.1 mn tonnes, while sales dropped 33% YoY to 0.7 mn tonnes.

Pig iron, however, achieved a record high with production up 26% YoY to 238 kt in Q2, aided by blast furnace debottlenecking.

Steel

The steel division reported a 8% YoY decline in finished steel production to 274 kt, against 296 kt in Q2 FY25. Within this, pig iron output dropped 53% YoY to 41 kt, while billets rose 43% YoY to 232 kt. TMT bar and wire rod production increased 18% and 59% YoY, respectively, while ductile iron pipes fell 87% YoY.

FACOR

Ferro Alloys Corporation (FACOR) posted a 24% YoY increase in ore production to 47 kt. However, ferro chrome output fell 28% YoY to 19 kt due to a planned one-month furnace shutdown.

Copper India

Copper cathode production was marginally lower, at 40 kt in Q2 FY26, down 3% YoY from 41 kt. The decline was attributed to temporary raw material sourcing issues.

Power

Power sales dipped slightly, with total sales down 2% YoY to 4,331 mn units in Q2. TSPL contributed 2,789 mn units, a 3% YoY decline, while sales from Jharsuguda and BALCO fell 57% and 50% YoY, respectively.

The newly commissioned Meenakshi 1000 MW unit supplied 459 mn units, while Athena’s 600 MW plant contributed 336 mn units in its first quarter of operation.

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