Sterlite Industries (India) Limited Unaudited Consolidated Results For The Third Quarter And Nine Months Ended 31 December 2012
EBITDA during Q3 was higher compared with the corresponding prior quarter, primarily on account of higher premiums, which more than offset the impact of higher CoP in rupee terms and lower LME prices.
Q3 aluminium CoP was higher as compared with the corresponding prior quarter on account of higher alumina cost and higher coal prices due to tapering of coal linkage.
The first 300MW unit of the BALCO 1,200MW captive power plant is awaiting regulatory approvals. We plan to tap the first metal at the 325 ktpa Korba-III aluminium smelter in Q1 FY2014. The smelter plans to initially draw power from the existing 810 MW power plants.
For the 211 mt coal block at BALCO, we have received the second stage forest clearance during the quarter and expect to commence mining in Q1 FY2014.
|Aluminium Business – Vedanta Aluminium Limited (Associate Company)|
|Q3||Q2||Nine months period|
|Production (in’000 tonnes, or as stated)||FY2013||FY2012||% change YoY||FY2013||FY2013||FY2012||% change YoY|
|Alumina – Lanjigarh||104||236||(56||%)||205||527||687||(23||%)|
|Aluminum – Jharsuguda||135||111||21||%||134||394||314||25||%|
|Financials (in Rs. crore except as stated)|
|SIIL Share (29.5%)||(226||)||(263||)||14||%||(61||)||(453||)||(612||)||26||%|
|Aluminium CoP ($/MT)||1,928||2,004||(4||%)||1,905||1,892||2,280||(17||%)|
|Aluminium CoP (Rs./MT)||104,400||103,100||1||%||105,300||103,200||107,500||(4||%)|
|Aluminium LME Price ($/MT)||1,997||2,090||(4||%)||1,918||1,964||2,360||(17||%)|
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