Vedanta also reported achieving its highest-ever mined and refined metal production in Zinc India during the second quarter.

Vedanta said it recorded aluminium production of 1,205 kt in the first half of FY25, while its alumina production rose 21 per cent YoY during the same period.

Vedanta share price declined 1.89% to Rs 502.10 apiece, the lowest level since Sept 26. The fall came following a decline in its steel production.

Why is a company with declining profits, a growing pile of debt and at the mercy of the global commodities cycle doling out dividends with the gusto of a drunkard in a casino?

Shares of Vedanta Ltd rose over 2% on Monday to hit its record high amid weak sentiment in the benchmark indices. With today's rally, the the metal and mining firm has surpassed foreign brokerage CLSA's price target of Rs 520 assigned on August 22.

The aluminium output grew 3 per cent to 6,09,000 tonnes in the second quarter compared to the same period last year.

In the second quarter, aluminium output increased by 3% to 6,09,000 tonnes compared to the same period last year, according to Vedanta's BSE filing.

Vedanta Ltd. on Friday, October 4, informed the exchanges that the company recorded its highest-ever aluminium production in the first half (H1) and second quarter (Q2) of the ongoing fiscal year 2024-25 (FY2024-25).

Vedanta achieved its highest-ever quarterly and half-yearly aluminium production at 1205 kt. Alumina production increased 21% YoY, and Zinc India's refined metal production rose 5% YoY. The company also saw a 37% YoY growth in consolidated net profit for Q1 ending June 2024.

Vedanta's steel finished production fell by 7% in the first half. The company attributed this decline to the planned shutdown in Q2, due to debottlenecking of the Steel Melting Shop and maintenance of the Oxygen Plant.