Business EconomyPosted at: Jul 8 2026 2:21PM


Vedanta reports record quarterly pig iron output; Goa, Odisha drive production growth

New Delhi, July 8 (UNI) Vedanta Iron and Steel Limited (VISL) reported its highest-ever quarterly pig iron production for the quarter ended June 30, 2026, marking a strong operational start after its demerger and listing.
The company, which operates iron ore mining, processing and steel manufacturing through Sesa Iron Ore, ESL Steel and Western Cluster Limited, produced 291 kilo tonnes (KT) of pig iron during the June quarter, up 8 per cent from 269 KT a year ago and 5 per cent higher than the previous quarter. The record output was driven by improved operational performance across its businesses.
Goa emerged as a key growth driver during the quarter. Iron ore production from the state's mines surged 166 per cent year-on-year to 0.6 million dry metric tonnes from 0.2 million dry metric tonnes a year earlier, although it declined from 0.9 Mn DMT in the preceding quarter.
Hot metal production at the Goa plant rose 12 per cent year-on-year and 11 per cent sequentially to a record 238 KT, supported by increased mining activity and expanding processing capacity.
Odisha operations also delivered strong performance, with saleable iron ore production rising 59 per cent year-on-year and 78 per cent quarter-on-quarter to 1.2 Mn DMT. Higher operational efficiency helped Odisha account for nearly half of VISL's total saleable iron ore output of 2.6 Mn DMT, which increased 4 per cent from the year-ago period.
In contrast, iron ore production in Karnataka declined 46 per cent year-on-year and 28 per cent sequentially to 0.9 Mn DMT. The company attributed the fall to mine planning initiatives aimed at supporting higher production in the coming quarters. The output includes 0.5 Mn DMT of banded hematite quartzite (BHQ), which is expected to be processed after the commissioning of a beneficiation plant, providing an additional growth lever.
Across its steel business, overall hot metal production increased 3 per cent year-on-year to 601 KT, while saleable steel production rose 4 per cent to 582 KT. Billet production more than tripled compared with the corresponding quarter last year to 20 KT, while pig iron output rose 8 per cent.
However, the product mix remained mixed. TMT bar production declined 2 per cent, wire rod output remained broadly unchanged, and ductile iron pipe production fell 28 per cent during the quarter. Hot metal production at the Bokaro operations also slipped 2 per cent year-on-year to 363 KT.
VISL was demerged from Vedanta Limited during the first quarter of FY27. The company presented production figures for the full quarter based on the businesses that now form part of VISL to enable comparison with historical performance.
The June quarter marks VISL's first production update since becoming a separately listed entity, with the record pig iron output and strong growth in Goa and Odisha highlighting the company's improving operational efficiency and expansion trajectory.
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