Operational Review
Our Silvassa operations sustained growth in cathode production volumes, despite temporary raw material-related disruptions in the first half of the year. The Tuticorin copper smelter remained under shutdown throughout FY 2024-25. The Company’s review petition, including a request for an open court hearing, was dismissed by the Honourable Supreme Court. We are currently evaluating all available legal remedies, including the option of filing a curative petition before the Honourable Supreme Court.
Copper production at Silvassa facility increased by 6% Y-o-Y to 149 kt – the highest level since the closure of the Tuticorin unit. This growth was driven by improved operational efficiencies, debottlenecking initiatives, and better raw material availability in the second half of FY 2024-25. However, sales volumes declined by 3% to 192 kt, primarily due to a planned shutdown in April 2025.
Regarding the restart of operations at Tuticorin, the Company’s review petition, including a request for an open court hearing, was dismissed by the Honourable Supreme Court. For further details, refer to Note 3(c) of Significant Accounting Estimates and Judgements. Our Australian copper mine remains under care and maintenance, though we continue to assess its viable restart amid supportive market conditions.
Average LME copper prices increased by 12% compared with FY 2023-24 primarily driven by a combination of strong demand, particularly from the green energy sector, supply constraints and volatility in commodity market due to geopolitical sentiments.
Improve current efficiency
Created a virtual replica of the tank house to simulate and optimise operations
Enabled real-time monitoring and predictive maintenance, driving notable efficiency gains
Reduce PNG (Piped Natural Gas) consumption
Deployed a model to optimise fuel usage by analysing molten metal level and identifying inefficiencies thus reducing overall fuel consumption.
Reduce internal rejection rates of finished goods
Streamlined quality processes across the copper business through central coordination
Applied RCA and CAPA to minimise deviations and ensure consistent product quality
Vedanta Copper International (VCI), a subsidiary of Vedanta Limited, signed an MoU with the Saudi Ministry of Investment and Ministry of Industry & Mineral Resources to invest US$ 2 billion in copper projects at Ras Al Khair Industrial City. The investment covers a copper smelter, refinery, and rod mill, aligned with Saudi Arabia’s Vision 2030 to boost self-reliance, job creation, and GDP contribution. VCI has also secured exploration rights over 1,038 sq. km in the Jabal Sayid 1 copper-ore area.
Revenue for the year stood at ₹ 23,051 crore, reflecting a 17% Y-o-Y increase, primarily driven by higher LME prices, rupee depreciation, and precious metal prices, partially offset by lower volumes. EBITDA for the year was ₹ (112) crore.
We reinforced our commitment to workplace safety by achieving 100% implementation of Critical Risk Management (CRM) and conducting a comprehensive capacity-building programme for relevant stakeholders. Our advanced safety measures included the expansion of AI-based remote surveillance cameras (15 units) for Unsafe Acts/Unsafe Conditions (UA/UC) detection, covering electrical panel rooms and critical plant areas. We also conducted rigorous safety assessments, including HAZOP, SIL, and LOPA studies across all plants. Health safeguards remained a top priority, with 100% compliance in pre-employment and periodic medical examinations, along with specialised 2D Echo TMT tests for employees and partners aged 40 and above.
Aligned with our sustainability goals, we reduced our carbon footprint by replacing diesel trucks in outbound logistics with two LNG-powered alternatives. By consuming secondary copper scrap, we offset 54,251 tCO2e, reinforcing our commitment to circular economy principles. We strengthened our water stewardship through new 5 KLD ETP and STP systems and expanded rainwater harvesting infrastructure, making significant progress towards net water positivity. Our energy efficiency initiatives included replacing 12 IE2 motors with IE4 motors, achieving 90–95% efficiency and estimated yearly savings of 5,14,645 kWh.
Our Copper Mines of Tasmania site remained in care and maintenance, with no significant safety or environmental incidents. We retained ISO accreditation in safety, environment, and quality management systems, using this production lull to review and further improve these systems.
