BEIJING (Asian Metal) 16 Feb 17 - On February 14, 2017, Vedanta Limited announced its unaudited consolidated results for the third quarter (Q3) ended 31 December 2016.
Financial highlights include:
- Robust EBITDA margins1 of 39%, reflecting benefits from higher commodity prices and volume ramp-up;
Operational highlights include:
- Zinc India: Mined metal production up 44% q-o-q in line with mine plans; environment clearances received for expansion of Zawar and Sindesar Khurd mines;
- Power: 1,980MW TSPL plant availability at 77%;
- Oil & Gas: Mangala EOR production at 55 kboepd; Rajasthan production impacted by planned shutdown;