The company also said it has initiated a detailed investigation into the incident in coordination with its subcontractor and relevant authorities, and is in the process of ascertaining further details.
Vedanta said its immediate priority is to provide the best possible medical assistance and treatment to those affected, and to extend support to the families of the deceased. The company added that it is working closely with medical teams and local authorities while extending full support to the injured.
Reacting to the incident, Vedanta Chairman Anil Agarwal said in a post on microblogging platform X that he was deeply saddened by the tragedy. “Deeply saddened by the tragic accident at the Singhitarai plant in Chhattisgarh. Everyone affected is my family. Your tears are mine. Your pain is mine,” he said.
“Our full support, in every way, is with you. A full investigation is underway. All due processes will be followed. No stone will be left unturned,” Agarwal added. Vedanta has said it is extending full support to the injured, coordinating with medical teams and authorities, and has initiated a detailed investigation into the incident.
Vedanta Q3 snapshot
Vedanta reported a 61% year-on-year jump in consolidated profit to Rs 5,710 crore for the third quarter, with revenue rising 19% to Rs 45,899 crore. EBITDA climbed 34% year-on-year and 31% sequentially to a record Rs 15,171 crore, while margins expanded sharply to 41%, supported by higher metal prices, stronger premiums, improved volumes and cost efficiencies.
The aluminium business stood out operationally, with alumina production rising 57% year-on-year to a record 794 kilo tonnes, while aluminium cost of production declined 11% year-on-year to $1,674 per tonne, aiding margin expansion. Zinc India and international zinc operations also delivered strong growth on the back of favourable commodity prices and improved volumes.
The stronger operating performance translated into better capital efficiency, with return on capital employed improving to 27%, up nearly 300 basis points from a year ago.
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