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Sterlite Industries (India) Limited Production Results For The Fourth Quarter And Year Ended 31 March 2012

Q4 Highlights

  • Record quarterly production of Lead, Silver and Power
  • Commissioned the 3 rd 600 MW Unit of the 2,400 MW Jharsuguda power plant and synchronized the 4 th Unit
  • Merger with Sesa Goa Limited and Vedanta Group consolidation announced, expected to complete in CY 2012

Zinc - India

Mined Zinc-Lead metal production was 223,000 tonnes in Q4, 7% higher than Q3. During the quarter, the Sindesar Khurd (SK) mine ramped up to contribute a record 24,000 tonnes metal-in-concentrate. For the full year, mined Zinc-Lead metal production was marginally lower at 830,000 tonnes.

Mined Zinc-Lead metal production in FY 2012-13 is expected to be slightly higher than FY 2011-12. In line with the mine plan for Rampura Agucha, production in first half of FY 2012-13 is expected to be marginally lower than corresponding period in FY 2011-12, but will be more than made up in second half of FY 2012-13. SK mine ramped-up to 80% utilization in Q4 and will deliver volumes near its capacity in FY 2012-13.

Refined Zinc production was marginally lower at 190,000 tonnes in Q4, and 6% higher at 759,000 tonnes for the year. Lead production in Q4 was 110% higher at a record 37,000 tonnes primarily due to the ramp-up of the new 100 ktpa Dariba Lead smelter, which contributed 18,000 tonnes.

With the Rajasthan smelters fully ramped-up and operating at high efficiencies, during the quarter it was decided to ramp down the 35-year old Vizag Zinc smelter, which had a relatively higher cost and contributed 28,000 tonnes of refined Zinc production during the full year.

Silver production was at a record 88 tonnes in Q4, 77% higher as a result of ramp-ups of the SK mine, the new 100 ktpa Dariba Lead smelter and the new Silver refinery. Silver production for the full year was 35% higher at 242 tonnes.

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