Production Highlights

Iron Ore Production

  • Total saleable ore production: 2.6 Million Dry Metric Tonnes (Mn DMT), up 4% Year-over-Year (YoY) from 2.5 Mn DMT in Q1 FY26
  • Quarter-over-Quarter (QoQ) change: Down 3% from 2.7 Mn DMT in Q4 FY26

Regional Iron Ore Breakdown

  • Goa: 0.6 Mn DMT, up 166% YoY from 0.2 Mn DMT, but down 29% QoQ from 0.9 Mn DMT
  • Karnataka: 0.9 Mn DMT, down 46% YoY from 1.6 Mn DMT, and down 28% QoQ from 1.2 Mn DMT
  • Includes 0.5 Mn DMT of BHQ Material (included in Karnataka total)
  • Odisha: 1.2 Mn DMT, up 59% YoY from 0.7 Mn DMT, and up 78% QoQ from 0.7 Mn DMT

Operational Context for Iron Ore

  • Goa operations showed 166% YoY growth due to ramp up of mining operations and processing capacity
  • Karnataka production was in line with mine planning to enable better volumes in subsequent quarters
  • Odisha recorded strong growth driven by higher operational efficiency
  • Note: BHQ material from Karnataka mines will be processed once the beneficiation plant is commissioned

Steel Production

  • Hot Metal Production: 601 thousand tonnes (kt), up 3% YoY from 583 kt in Q1 FY26
  • Bokaro: 363 kt, down 2% YoY from 370 kt
  • Goa: 238 kt, up 12% YoY from 213 kt (highest ever quarterly production)

Saleable Steel Production

  • Total saleable production: 582 kt, up 4% YoY from 562 kt, and up 2% QoQ from 569 kt

Product-wise Saleable Production Breakdown

  • Pig Iron: 291 kt, up 8% YoY from 269 kt (record highest ever quarterly production)
  • Billets: 20 kt, up 234% YoY from 6 kt
  • TMT Bar: 132 kt, down 2% YoY from 135 kt, and down 12% QoQ from 151 kt
  • Wire Rod: 109 kt, flat YoY (0% change) from 110 kt
  • Ductile Iron Pipes: 30 kt, down 28% YoY from 41 kt, but up 149% QoQ from 12 kt

Important Contextual Note

Vedanta Iron And Steel Limited (VISL) was demerged from Vedanta Limited during Q1 FY27. The operational performance is presented for the full quarter of the business constituents of VISL as they exist at the end of Q1 FY2027, for meaningful like-for-like comparison with historical performance.

Company Description

VISL is a fully integrated Iron and Steel Company with a mining legacy spanning over 70 years, operating across India and Africa. The company spans iron ore mining, processing, and steel manufacturing through businesses including Sesa Iron Ore, ESL Steel, and Western Cluster Limited. Product portfolio includes iron ore, steel, pig iron, TMT bars, wire rods, DI pipes, ferro-silicon, cement, and metallurgical coke.

Forward-Looking Statement Disclaimer

The document contains forward-looking statements addressing expected future business and financial performance, subject to uncertainties including financial and metals market behavior, exchange rate fluctuations, integration of acquired businesses, and numerous political, economic, business, competitive and regulatory factors.