Vedanta's alumina production cost falls 17% in Q1, lowest in two years

Diversified metals and mining conglomerate Vedanta Ltd has seen its alumina making cost falling by 17 per cent year-on-year (y-o-y) in Q1 of this fiscal to $284 per tonne.

This is the most competitive cost in alumina achieved by Vedanta at its Lanjigarh refinery in Odisha in the last two years. In FY19, Vedanta’s average alumina production cost stood at $322 per tonne.

Enhanced local bauxite sourcing from the state owned Odisha Mining Corporation (OMC) contributed to pulling down costs for alumina making. OMC has entered into a long-term supply arrangement with Vedanta Ltd to provide bauxite. Under the arrangement, 70 per