VISL Q1FY27: Record Pig Iron Output as Goa Ore Surges 166% YoY

3 min read Updated on 03 Jul 2026, 09:47 PM

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Shriram SScanX News Team

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Vedanta Iron And Steel Limited posted a strong Q1FY27 performance with saleable steel production rising 4% YoY to 582 KT and record pig iron output of 291 KT, up 8% YoY. Iron ore production grew 4% YoY to 2.6 Mn DMT, led by a 166% YoY surge in Goa and 59% YoY growth in Odisha, while the Goa pig iron plant achieved its highest-ever quarterly hot metal output of 238 KT.

*this image is generated using AI for illustrative purposes only.

Vedanta Iron And Steel Limited announced its production numbers for the first quarter ended June 30, 2026, recording a 4% year-on-year increase in saleable steel production to 582 KT. Iron ore production grew 4% year-on-year to 2.6 Mn DMT, driven by strong performance across its mining operations. The company's Goa pig iron plant achieved its highest-ever quarterly production at 238 KT, marking a 12% increase from the corresponding period last year. Overall, the company also recorded its highest-ever quarterly pig iron output at 291 KT, up 8% year-on-year.

The operational performance is presented for the full quarter of the business constituents of VISL as they exist at the end of the first quarter of FY2027. This follows the demerger of Vedanta Iron And Steel Limited from Vedanta Limited during Q1FY27, ensuring a meaningful like-for-like comparison with historical performance.

Iron Ore Production

Iron ore production reached 2.6 Mn DMT in Q1FY27, compared to 2.5 Mn DMT in Q1FY26. On a sequential basis, production decreased by 3% from the 2.7 Mn DMT recorded in Q4FY26. The following table presents a breakdown of saleable ore production across mining regions:

Particulars	Q1 FY27	Q1 FY26	% Change	Q4 FY26	% Change
Production of Saleable Ore (In Mn DMT)	2.6	2.5	4%	2.7	-3%
Goa	0.6	0.2	166%	0.9	-29%
Karnataka	0.9	1.6	-46%	1.2	-28%
Karnataka BHQ Material*	0.5	0.9	—	0.5	—
Odisha	1.2	0.7	59%	0.7	78%

Production at the Goa mines (IOG) surged 166% year-on-year, supported by the ramp-up of mining operations and processing capacity. The Karnataka mines (IOK) production was in line with mine planning to facilitate better volumes in subsequent quarters. Saleable ore production at Odisha (IOO) recorded strong growth, increasing 78% quarter-on-quarter and 59% year-on-year, driven by higher operational efficiency.

Note: The ore mined from Karnataka Mines (IOK) includes the BHQ material, which the company will process once the beneficiation plant is commissioned.

Steel Production

Saleable steel production stood at 582 KT in Q1FY27, up 4% year-on-year from 562 KT and up 2% quarter-on-quarter from 569 KT. Hot metal production increased 3% year-on-year to 601 KT. The table below provides a detailed view of hot metal and saleable production across product categories:

Particulars	Q1 FY27	Q1 FY26	% Change	Q4 FY26	% Change
Hot Metal (In '000 tonnes)	601	583	3%	588	2%
Bokaro	363	370	-2%	373	-3%
Goa	238	213	12%	215	11%
Saleable Production (In '000 tonnes)	582	562	4%	569	2%
Pig Iron	291	269	8%	277	5%
Billets	20	6	234%	16	23%
TMT Bar	132	135	-2%	151	-12%
Wire Rod	109	110	0%	112	-2%
Ductile Iron Pipes	30	41	-28%	12	149%

The company recorded its highest-ever quarterly pig iron production at 291 KT, an increase of 8% on a year-on-year basis. Billets production surged 234% year-on-year to 20 KT, while ductile iron pipes production rose 149% quarter-on-quarter to 30 KT, even as it declined 28% year-on-year.

How will the commissioning of the Karnataka beneficiation plant impact overall ore production volumes in the coming quarters?

What are the projected capacity utilization rates for the Goa pig iron plant following its record quarterly output?

How will the demerger from Vedanta Limited influence Vedanta Iron And Steel's capital allocation strategy for FY2027?

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Vedanta Iron & Steel appoints M/s S.R. Batliboi & Co. LLP as statutory auditor

1 min read Updated on 02 Jul 2026, 10:03 AM

Reviewed by

Anirudha BScanX News Team

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Vedanta Iron & Steel Limited has appointed M/s S.R. Batliboi & Co. LLP as statutory auditors effective July 01, 2026, filling a casual vacancy caused by the resignation of the previous auditors on June 12, 2026. The Board of Directors approved the appointment based on the recommendation of the Audit and Risk Management Committee. The new auditors will hold office until the date of the next Annual General Meeting.

*this image is generated using AI for illustrative purposes only.

Vedanta Iron & Steel Limited has appointed M/s S.R. Batliboi & Co. LLP as its statutory auditors effective July 01, 2026, to fill a casual vacancy caused by the resignation of the previous auditors on June 12, 2026. The Board of Directors approved the appointment at 7:58 p.m. on the recommendation of the Audit and Risk Management Committee. The new auditors will hold office until the date of the next Annual General Meeting.

The appointment was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company disclosed the details of the auditor change in a filing submitted to the BSE Limited and National Stock Exchange of India Limited on July 01, 2026.

M/s S.R. Batliboi & Co. LLP is a firm of Chartered Accountants and a member of the M/s S. R. Batliboi & Affiliates network. The firm, registered with the Institute of Chartered Accountants of India, operates with a team of over 6,100 professionals across India. Its service segments include Industrial, Infrastructure & Consumer (IIC), Technology, Media and Telecommunications (TMT), and Financial Services (FS).

Details of Appointment

Particulars	Details
Reason for change	Appointment against casual vacancy caused by resignation of statutory auditors
Date of vacancy	June 12, 2026
Effective date of appointment	July 01, 2026
Term of office	Till the date of next Annual General Meeting
Firm Registration No.	301003E/E300005