Vedanta Iron and Steel reports record Pig Iron output in Q1FY27, led by sharp Goa ramp-up

Vedanta Iron and Steel reports record Pig Iron output in Q1FY27, led by sharp Goa ramp-up

Vedanta Iron and Steel Limited (VISL) reported its highest-ever quarterly pig iron production in Q1 FY27, with output rising 8% year-on-year to 291 KT, driven by a sharp ramp-up in mining and pig iron operations at its Goa business.

Vedanta Iron and Steel Limited (VISL), which operates iron ore mining, processing and steel manufacturing through Sesa Iron Ore, ESL Steel and Western Cluster Limited, reported total pig iron production of 291 KT for the quarter ended June 30, 2026, up 8% from 269 KT a year earlier and 5% higher sequentially. This was the company’s highest-ever quarterly pig iron production, a record-breaking performance that demonstrates improved operating performance across the business.

Iron ore production from the company’s Goa mines rose 166% year-on-year to 0.6 Mn DMT during the quarter, compared with 0.2 Mn DMT in the year-ago period, though it was lower than 0.9 Mn DMT in the preceding quarter. Hot metal production from the Goa plant increased 12% year-on-year and 11% sequentially to 238 KT, its highest-ever quarterly output. The company attributed the ramp-up to higher mining activity and expanding processing capacity, with Goa operations having ramped up significantly in both mining and pig iron.

Saleable ore production from the company’s Odisha operations increased 59% year-on-year and 78% sequentially to 1.2 Mn DMT, on the back of higher operational efficiency. Odisha accounted for nearly half of VISL’s total saleable iron ore output of 2.6 Mn DMT during the quarter, which itself rose 4% year-on-year, underlining that Odisha continues to drive efficiency-led growth rather than mere capacity utilisation.
Iron ore production from Karnataka declined 46% year-on-year and 28% sequentially to 0.9 Mn DMT.

The company said the lower output was on account of mine planning undertaken to support higher production volumes in subsequent quarters. The Karnataka number includes 0.5 Mn DMT of banded hematite quartzite (BHQ) material that is expected to be processed once a beneficiation plant is commissioned, keeping future growth catalysts intact through Karnataka beneficiation and mine planning.

Overall hot metal production rose 3% year-on-year to 601 KT, while saleable steel production increased 4% to 582 KT, pointing to steel production steadily expanding with higher hot metal and saleable output. Billet production more than tripled year-on-year to 20 KT and pig iron rose 8%, while TMT bar production declined 2%, wire rod output was largely unchanged, and ductile iron pipe production fell 28%. Hot metal output from the Bokaro operations declined 2% year-on-year to 363 KT.

VISL was demerged from Vedanta Limited during Q1 FY27, and the company presented its production performance for the full quarter based on the business constituents forming part of VISL at the end of the period, to enable comparison with historical performance. Importantly, this is the company’s first quarterly production update since its listing, providing an encouraging operational start and reinforcing management’s growth narrative.