Vedanta Group's Q2 FY27 business updates reveal significant growth across several subsidiaries, including Hindustan Zinc and Vedanta Power. The group reported increases in metal production, power sales, and operational efficiency during the quarter ending September 30, 2026.
- Hindustan Zinc's mined metal production grew 5% year-on-year (YoY) to 271 kilotonnes (KT).
- Refined metal production at Hindustan Zinc rose 7% YoY to 264 KT.
- Vedanta Power's power sales increased 26% YoY to 5,593 million units (MU).
- Vedanta Aluminium Metals achieved record aluminium production of 649 KT in the quarter.
- Production changes varied across mining locations, with some increases and some declines aligned with operational plans.
How did Hindustan Zinc perform in Q2 FY27?
Hindustan Zinc reported a 5% increase in mined metal production, reaching 271 KT compared to 258 KT in the same quarter last year. This growth was driven by higher ore production. Refined metal production also rose by 7% to 264 KT, supported by capacity expansions and debottlenecking projects at Chanderiya, Dariba, and the 160 ktpa roaster at Debari. Saleable silver production increased by 20% to 173 metric tonnes, aligning with the company’s production plan.
Wind power generation at Hindustan Zinc grew 17% YoY to 155 MU, reflecting favorable wind velocity and weather patterns.
What were the key highlights for Vedanta Power in Q2 FY27?
Vedanta Power Ltd experienced a 26% YoY increase in power sales, reaching 5,593 MU in Q2 FY27, up from 4,433 MU in the previous year’s quarter. The first half of the fiscal year saw power sales of 10,817 MU, a 32% increase YoY. This growth was driven by improved plant performance and availability across its portfolio.
Notably, Meenakshi Energy's power sales surged 111% YoY to 1,470 MU in Q2, contributing significantly to the overall increase. The expanded 1,000-MW capacity base at Meenakshi Energy strengthened its role in the company’s generation portfolio. Additionally, the Jharsuguda Thermal Plant showed a turnaround, supporting the growth in power sales.
How did other Vedanta subsidiaries perform during the quarter?
Vedanta’s mining operations showed mixed results. Saleable ore production fell 13% YoY to 5.2 million dry metric tonnes (Mn DMT), but steel saleable production and hot metal production increased by 4% and 3% YoY, respectively. Production at Goa mines rose 22% due to ramped-up mining and processing capacity, while Karnataka mines saw a 49% decline, consistent with revised mine plans. Odisha mines recorded a 34% increase in saleable ore production, supported by higher operational efficiency.
Vedanta Aluminium Metals reported its highest-ever quarterly aluminium production at 649 KT and half-yearly production of 1,281 KT. Alumina production jumped 37% YoY to 895 KT, reflecting the ramp-up and stabilization of expansion circuits.
In contrast, Vedanta Oil and Gas experienced declines in production. Average daily gross operated production dropped 19% YoY to 72.2 thousand barrels of oil equivalent per day (kboepd), and average daily working interest production fell 18% YoY to 47.8 kboepd during the quarter.
What are the key takeaways from Vedanta Group's Q2 FY27 report?
- Strong growth in metal production and power sales highlights operational improvements.
- Capacity expansions and efficiency projects contributed to increased refined metal and aluminium output.
- Mining production varied by location, reflecting strategic operational adjustments.
- Power generation growth was supported by expanded capacity and plant performance improvements.
- Oil and gas production faced declines, indicating challenges in that segment.
