Vedanta's iron ore sales fall by 50% in FY19 due to lower production in Goa

Metals and mining conglomerate Vedanta Ltd saw its iron ore sales fall by 50% in FY19 due to lower production and sales volume in Goa.

Vedanta achieved 3.8 million tonnes (mt) in iron ore sales in FY19, down 7.6 mt in the preceding fiscal. In Goa, where iron ore production and sales suffered on account of mines closure pursuant to a Supreme Court order, iron ore sales plummeted 77 per cent.

“In Goa,  production  and  sales  volume  were  lower  compared  to  previous  periods  due  to mine closure  pursuant to the Supreme court judgement dated  February 7, 2018  directing  mining operations  of  all