Vedanta Limited reported a strong operational performance for FY26, supported by record production across several key metal segments. The company achieved new output highs in aluminium, alumina, and zinc businesses, highlighting the effectiveness of its capacity expansion and operational efficiency initiatives. However, performance in the oil and gas segment remained under pressure due to declining output from mature fields.
One of the major highlights of the year was the company’s highest-ever annual alumina production, which reached 29.16 lakh tonnes, marking a sharp 48% year-on-year increase. This growth was primarily driven by the ramp-up of operations at the Lanjigarh Refinery, which played a critical role in boosting overall production volumes.
Aluminium output also touched a record high of 24.56 lakh tonnes, reflecting sustained improvements in operational efficiency and plant utilisation. The company attributed this performance to enhanced productivity measures and streamlined production processes across its aluminium facilities.
Within its zinc operations, managed through Hindustan Zinc Limited, mined metal production reached a record 11.14 lakh tonnes, representing a 2% increase year-on-year. The improvement was supported by better ore grades and consistent mining output across major operations.
Refined zinc production also recorded steady growth, rising 3% year-on-year to 8.51 lakh tonnes. Additionally, quarterly mined metal production achieved a record level of 3.15 lakh tonnes, underscoring strong operational performance during the final quarter of the financial year.
Despite overall strength in core metals, silver production declined by 9% year-on-year, totaling 627 tonnes for FY26. However, the segment showed signs of recovery toward the end of the year, with an 11% sequential increase recorded during the March quarter, suggesting improving output momentum.
Among other industrial segments, Vedanta reported record pig iron production of 8.95 lakh tonnes, representing a 10% annual increase. This growth reflects improved furnace operations and stable raw material supply throughout the year.
The company also reported strong gains in its copper operations, with copper cathode production rising 15% year-on-year to 1.70 lakh tonnes. This increase indicates steady improvement in refining operations and rising demand for copper products.
In the ferro alloys segment, ferro chrome production surged 21% to 1.01 lakh tonnes, supported by higher ore availability and better utilisation of production facilities. The strong performance highlights the company’s ability to optimise resource availability and operational efficiency.
Power generation and sales also showed significant improvement. Total power sales increased 14% year-on-year to 18,571 million units, while the March quarter witnessed an especially strong 43% annual rise, driven by enhanced plant performance and operational reliability.
Despite the strong performance across metals and industrial segments, the company’s oil and gas division remained a key area of weakness. Average gross operated production declined 16% year-on-year to 87.2 thousand barrels of oil equivalent per day (kboepd), largely due to the natural depletion of output from mature oil fields.
The contrasting trends across business segments highlight the company’s dependence on its diversified portfolio, where strong metal production has helped offset weakness in hydrocarbon operations. Continued focus on capacity utilisation, efficiency improvements, and resource management remains central to sustaining long-term growth.
Overall, the FY26 operational results underscore Vedanta’s strength in core metals production, particularly aluminium and zinc, while also emphasizing the need for strategic initiatives to stabilise output in the oil and gas segment. The company’s ability to maintain record production levels across multiple verticals positions it well for future growth, provided commodity demand and resource availability remain supportive.