Sesa Sterlite Limited updates on Aluminium Business

Full Q4 Q3 Year Particulars(in '000 % % tonnes, or as FY2014 FY2013 change FY2014 FY2014 FY2013 change stated) YoY YoY ALUMINIUM Alumina Lanjigarh 227, 181 524 527 (1)% Total Aluminum Production 200 195 2% 200 794 774 3% Jharsuguda I 135 133 1% 136 542 527 3% Korba-II 64 62 3% 64 251 247 2% Korba-III.

The Lanjigarh alumina refinery operated at 91% of its rated capacity and produced 227,000 tonnes in Q4 FY2014, 25% higher than Q3. Full year production was 524,000 tonnes, after restarting the refinery in July 2013. This resulted in a steady increase of alumina feed from Lanjigarh to our smelters, contributing to 28% of the smelters' alumina requirements in FY2014 and 49% in Q4.

In Q4, production at Jharsuguda Plant I and Korba Plant II smelters continued to remain stable and both these plants operated above their rated capacities.

We commenced the Korba-III 325kt smelter with the first metal tapping in Q4. We produced around 900 tonnes of aluminium with power sourced from the BALCO 270MW power plant. We expect to ramp up significantly during FY2015 consequent to the commissioning of the 1,200MW power plant, which expects to receive regulatory approvals in Q1 FY2015.

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