Transforming for good.
COMMUNITIES | PLANET | WORKPLACE

For businesses across the world, transformation is no longer a choice. It is a necessity in the face of market instability, unprecedented disruptions, and growing human aspirations. As a natural resources company that operates globally, we are cognisant of this world in flux. We understand the need to transform in order to create more value, build new efficiencies and chart new pathways of growth. But for any transformation to be meaningful, a rethink is necessary on how we are creating value and how we can sustain this ability in the face of future disruptions.

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Vedanta at a glance
Largest natural resources
company in India
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Vedanta Limited, a subsidiary of Vedanta Resources Limited, is one of the world’s foremost natural resources conglomerates, with primary interests in zinc-lead-silver, iron ore, steel, copper, aluminium, power, nickel, and oil and gas. We are leaders in most of the segments we operate in, and we cater to domestic and international primary materials demand, playing a key role in enabling resource sufficiency at scale.

76,000+

Total Employment Generation

~13.75 million TCO2e

In Avoided Emissions from 2012 Baseline

US$5 billion

Commitment Over The Next 10 Years Towards Net Carbon Zero Transition By Or Before 2050
Highlights FY2022

Financial
Capital

We are focused on optimising capital allocation and maintaining a robust balance sheet while generating strong free cash flows. We also review all investments, taking into account the Group’s financial resources with a view to maximising returns to shareholders.

`1,31,192 crore

Revenues
51%

`45,319 crore

EBITDA
66%

~30%

ROCE

`21,715 crore

Free cash flow (FCF)
post-capex

`53,109 crore

Gross debt

`32,130 crore

Cash and cash equivalents

Manufactured
Capital

We invest in best-in-class equipment and machinery, both at our current operations and in our expansion projects to ensure we operate as efficiently and safely as possible. This also supports our strong and sustainable cash flow generation.

Zinc India

16.3 million tonnes

Record ore production
6% y-o-y
Zinc International

170 kt

Record mined metal production at Gamsberg
18% y-o-y
Aluminium

2,268 kt

Record annual aluminium production Continue to be the largest primary aluminium producer in the country
7% y-o-y
Power

2.03 million tonnes

Highest ever import substitute allocation at TSPL from CIL amongst all IPPs across India
Iron Ore

5.7 million tonnes

Highest ever sales at Karnataka
30% y-o-y
Steel

1.4 million tonnes

Record annual hot metal production
5% y-o-y

Human
Capital

We have employees from across the world, and their diverse skills and experience enrich our organisation. The mining and plant operations require specialised skills for which we employ qualified technical, engineering and geology experts. In addition, we create a culture which nurtures safety, innovation, creativity and diversity, which helps us meet our business goals while also enabling our employees to grow personally and professionally.

11.54%

Women employees

3,743

Employees covered under mentoring and support programs

10.66%

Attrition rate

1.4

TRIFR

Social and relationship
Capital

We aim to forge strong partnerships by engaging with our key stakeholders, including shareholders and lenders, suppliers and contractors, employees, governments, communities and civil societies. These relationships help maintain and strengthen our licence to operate.

3200+

Nand Ghars built

4.64 million

CSR beneficiaries*

1,268

Total villages reached

Human Rights self-assessment conducted across all BUs

* Including only direct beneficiaries

Asset Overview
Leader in key
business segments
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ZINC-LEAD-SILVER

80% market share in India’s primary zinc market
(Hindustan Zinc Limited)

EBITDA

`17,694 crore

ZINC INDIA (HZL)

`16,161 crore

ZINC INDIA (HZL)

`1,533 crore

ZINC INTERNATIONAL
Production Volume
Zinc India (HZL)

776 kt

ZINC

191 kt

LEAD

647 t

SILVER

223 kt

ZINC INTERNATIONAL

ALUMINIUM

Largest primary aluminium producer in India

 

`17,337 crore

EBITDA
Production volume

2,268 kt

ALUMINIUM

1,968 kt

ALUMINA

POWER

c.9 GW power portfolio

 

`1,082 crore

EBITDA
Volumes

11,872 million units

POWER SALES

OIL & GAS

Operates c.25% of India’s crude oil production

 

`5,992 crore

EBITDA
Production volume

161 kboepd

AVERAGE DAILY GROSS OPERATED PRODUCTION

IRON ORE

One of the largest merchant iron ore miners in India and one of the largest producers and exporters of merchant pig iron in India

 

`2,280 crore

EBITDA
Production volume

5.4 million dmt

IRON ORE

790 kt

PIG IRON

STEEL

3 mtpa design capacity

 

`701 crore

EBITDA
Production volume

1,260 kt

STEEL

FACOR

80 ktpa charge chrome / ferro chrome capacity with 100 MW power plant; 250 ktpa chrome ore mining capacity

 

`325 crore

EBITDA
Production volume

75 kt

FERRO CHROME

COPPER

One of the largest copper production capacity in India

 

`(115) crore

EBITDA
Production volume

125 kt

CATHODE
Chairman’s Statement
Living a new
purpose

DEAR STAKEHOLDERS,
At Vedanta, the pandemic challenged us to think differently and act swiftly, both from the perspectives of business continuity and social responsibility. With decisive actions and a strong stakeholder focus, we could mount the imminent challenges and continue to deliver value for everyone.

Anil Agarwal,
Chairman

Read the full message Meet Board of Directors
Message from the CEO
Setting new standards
of responsible growth

DEAR STAKEHOLDERS,
It’s refreshing to write to you at a time of rebound and cautious optimism, post the peak of the pandemic that plagued us for the past two years. At Vedanta, we are proud to have weathered the COVID-19 situation with prudence and empathy and are even more confident of taking on challenges and exceeding expectations.

Anil Agarwal,
Chairman

Read the full message Meet Board of Directors
Key performance indicators
Testament to sustained
value creation
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GROWTH
REVENUE
(` crore)
EBITDA
(` crore)
RETURN ON CAPITAL EMPLOYED (ROCE)
(%)
FCF POST-CAPEX
(` crore)
ADJUSTED EBITDA MARGIN
(%)
NET DEBT /EBITDA (CONSOLIDATED)
 
OTHER KEY FINANCIAL RATIOS
DEBTORS TURNOVER RATIO*
 

*Excluding Power business

INVENTORY TURNOVER RATIO
 
CURRENT RATIO
(` crore)
DEBT EQUITY RATIO
 
OPERATING PROFIT MARGIN
(%)
NET PROFIT MARGIN
(%)
LONG-TERM VALUE
GROWTH CAPEX
(` crore)
EPS (BEFORE EXCEPTIONAL ITEMS)
(`)
DIVIDEND
(`/ share)
RESERVES AND RESOURCES (R&R)

ZINC INDIA

(million mt)
RESERVES AND RESOURCES (R&R)

ZINC INTERNATIONAL

(million mt)
RESERVES AND RESOURCES (R&R)

OIL & GAS

(mmboe)
SUSTAINABLE DEVELOPMENT
GHG EMISSIONS
(tons of CO2e)
TRIFR
 
WASTE RECYCLING (High Volume Low Toxicity)
(mMT)
CSR FOOTPRINT
(Million people)

*Out of 42 million 39 million are from the e-shiksha program

GENDER DIVERSITY
(%)
WATER CONSUMED AND RECYCLED
(Million m3)
Case Studies
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Case Study 01

Progressing on our low-carbon journey with ‘green’ aluminium

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Case Study 02

Digitalisation to
usher in the next

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Case Study 03

ABH technology helps unlock resources of the Barmer Hills Formation

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Case Study 04

Innovation for Waste-to-value Magnetite Project at BMM

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Value Creation Model
Transforming for
better outcomes
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Our Investment Case
Capitalising on inherent advantages
to deliver long-term value

India’s natural resources industry is likely to contribute substantially to the country’s economy and have a significant impact on the international commodity markets. As India’s largest and most diversified natural resources company, we are poised to play a major role in supporting India’s economic growth. We are making the right investments to grow exponentially, and working with the government to promote inclusive development, raise environmental standards and build public support for the critical minerals and mining sector.

Strategic Priorities
Areas we focus on
to deliver sustained value

Our five strategic focus areas reflect our integrated thinking that connects our purpose with our performance. They help us leverage our strengths, take advantage of opportunities, manage risks and navigate business cycles while taking into consideration the material concerns of our heterogeneous stakeholders.

S1

Continue focus on world-class esg performance

S2

Augment our reserves & resources (R&R) base

S3

Optimise capital allocation and maintain a strong balance sheet

S4

Delivering on growth opportunities

S5

Operational excellence and cost leadership

Awards & accolades
Recognised for excellence


Best Corporate Finance team and Best CFO


‘Icon of Trust | The Extraordinaire – Brand’ 2020-22


‘India’s Largest Silver Miner and Refiner’


Association of Business Communicators in India (ABCI)